Louis Vuitton, one of the most renown luxury brands, just launched their most expensive handbag, stealing some of the spotlight from Birkin’s bags. The bag was first introduced during the Louis Vuitton Cruise 2016 runway collection. The City Steamer is a structured bag that is available in three main sizes MM, GM and PM. It’s an update on the classic ‘Steamer’ luggage bag series that originated from the inception of the brand.

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The Birkin-esque bag fills a gap in the strong handbag lineup that Nicolas Ghesquiere has created so far for the rebounding brand: LV needed a statement-making satchel to fit in as the line’s marquee bag, and ideally, it would be in leather (to appeal to those who are wary of monograms in general and of Louis Vuitton’s in particular) and sit right in the middle of the dressy-to-casual spectrum. The City Steamer does all of that.

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The new City Steamer MM bag is created from Alligator skin with gold tone hardware and a calfskin lining. The bag is priced at a startling $55,500. Previously the brand’s most expensive leather offering was the Dora PM which came with a heavy $50,000 price tag.

The updated exclusive design features a Louis Vuitton engraved padlock and LV embossed luggage tag on the front. The tote features a double zip enclosure with Dora style handles. It includes a convenient carrying strap. The bag can also be monogrammed as pictured from runway model Liu Wen’s Instagram, when she was gifted this exclusive piece that is available in different colors in sizes PM and MM and two different bicolours.

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Luxury Safes knows that the Louis Vuitton Bond Street store in the UK and Harrod’s received these luxury goods first. Also, this novelty arrived at all selected other stores in November 2015 and is perfectly available to be acquired and introduced to your luxury life.