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Hermes Kelly: The ultimate in elegance, sophistication, and luxury. First designed by Herms in the 1930s, this legendary bag became a sensation in 1956, when Grace Kelly appeared on the cover of Life magazine holding it to cover her pregnancy. The original crocodile version used by Kelly remains one of the most memorable and covetable bags of the past century.

Hermes Birkin: Perhaps the most sought-after bag in the country, the roomy Birkin (designed for British actress Jane Birkin in the 1980s) is infamous for having a waiting list of up to two years. After appearing as the must-have status bag for Kim Catralls character on Sex and the City, the Birkin is sure to be at the top of every fashionistas wish list.

Louis Vuitton Speedy 30: The original brown carryall with gold monogram print has been a cult classic for more than 75 years. In 2003, Louis Vuitton began partnering with Japanese artist Takashi Murakami to update the traditional style in fun, surprising colors. The hip, trendy Murakami bags include adorable cartoon characters and cherry blossoms, and are a hit among stars such as Jennifer Lopez, Madonna, and Paris Hilton.

Gucci Horsebit Hobo: Both stylish and practical, the hobos relaxed, slouchy shape and bold metal hardware makes it a perennial favorite for everyday wear. Recently made popular again by Jessica Simpson, the large-sized version of the bag is now available in an assortment of rich colors and posh fabrics to match every mood, from monogram canvas to ultra-soft lambskin to decadent ostrich.

Balenciaga Le Dix Motorcycle: The current it bag for fashion editors and Hollywood starlets, this hard-to-find bag has been seen on celebrity trendsetters like Kate Moss and Sienna Miller. Defining details such as distressed leather, double-rolled handles, tassled zippers, and a couple of well-placed buckles give it just the right amount of streetwise flair. Its look even inspired the new tassled handbag trend

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