Recession, what? Hermès challenges the young designers for $4,000-worth first prize while they’ve initiated a breeding crocodiles campaign in Australian farms. Because it’s really hard to make 3,000 crocodile bags/year (it takes 4 crocodiles per handbag), bags that end up costing around $48,000/piece!
Let’s see: that’s about $144,000,000/year in crocodile bags and just $4,000 for a design competition prize? Twisted are the ways of luxury! (wonder how many crocodiles make a chair.. or a guitar case!) (via, photos via 1, 2 photochopping courtesy Stylefrizz)