Back To School Billionaires: The Olsens’ $39,000 Backpack Is Sold Out!

Still on the market for a campus or city carry all? Well, it was just three months ago when we revealed our top dream pick from The Row's handbag collection launch at Barney's—the $39,000 crocodile backpack, obviously. And, apparently for many, our fantasy was a reality; Indeed this five-figure backpack courtesy of Mary-Kate and Ashley Olsen, has become the first from the collection to go flying (or gently wrapped and placed in a safe) off the shelves. Yep, bad news for all of you who started a piggy bank fund for the pouch— they're all gone! Of course, we are pleased that despite the uncertain economy, there are people who still splurge on designer bags, but we can't help but wonder if the Olsen twins are pricing everyone but Russian Oligarchs and Petra Ecclestone out of the It-bag market. . (WWD)

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