Spending £50k on a handbag at this auction could pay off

If you think dropping tens of thousands of pounds on a handbag is frivolous, the numbers will soon prove otherwise. Earlier this summer Art Market Research found that certain bags by Hermès, Chanel and Louis Vuitton have soared in value by an average of 83% globally over the last decade, with headline sales to rival those of jewels and motors at the most prestigious of auction houses. One such event comes to Bonhams Knightsbridge tomorrow, on Tuesday 13 October. The Bags of Style and Subs