‘It becomes more about status signalling’: Is £7m for a handbag absurd or justified?

This story originally appeared at BBC.com As a pop-up handbag auction opens in London, a fashion frenzy is gripping venerable auction houses – and sending prices sky high. Can fashion ever be on a par with a Picasso? “I like my money where I can see it. Hanging in my closet,” says Carrie Bradshaw in […]