Olsen Twin's $39k Alligator Backpack Flying Off Shelves

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The economy may be in the doldrums, but that isn’t stopping wealthy fashionistas from buying a $39,000 alligator skin backpack designed by Mary Kate and Ashley Olsen. According to Ashley, The Row, the designer label behind the ridiculously expensive bag, is having a hard time keeping up with demand.

“It was the first thing that sold off the shelf,” Olsen told Women’s Wear Daily at a party for The Row in Paris.

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