The Olsen twins designed a $55,000 backpack
The question is: Who will buy it?

by Amy Wicks
Mary-Kate and Ashley Olsen's high fashion line, The Row, has created 12 limited-edition black patent crocodile leather backpacks (covered with prescription pills) that are going for the crazy, over-the-top price of $55,000 APIECE! At this moment, I'm guessing that like me, you're rubbing your eyes in disbelief...
Related: 10 Wardrobe Essentials Every Woman Should Own
The sister duo has teamed up with artist Damien Hirst on this fashion/art project, according to Refinery29. You can check out a video of all 12 bags (and no, at that price they are even not diamond encrusted).
Related: The Dos and Don'ts of Fall 2012 Fashion Trends

If you're still curious, check out these backpacks on Just One Eye's Web site. (Note: A portion of each sale to benefit UNICEF.)
If you had the money, would you ever consider buying a bag like this? Who will be the first celebrity to show up to a party with one of these?
Bing: Olsen twins fashion line The Row
Photo: Steve Eichner/WWD
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