Olsen Twins’ $39,000 Bag Sells Out?

by | October 6, 2011 at 1:17 PM | General

Mary-Kate and Ashley Olsen are selling a $39,000 black alligator drawstring backpack as part of their high-end clothing and accessories line The Row and the price tag isn’t what’s most shocking. The real stunner is the bag has flown off the shelves. The line is carried by luxury retailer Barneys New York, but the pricey purse, that requires an email for pricing, is currently listed as ‘unavailable’ on TheRow.com.

“It was the first thing that sold off the shelf,” Ashley told fashion bible Women’s Wear Daily at the Paris launch of their handbag collection on September 30.

The sisters sure have come a long way from their “Full House” days. As the former child stars aged, they shifted their focus from comedy to catwalk and it looks like they made the right move.

You might think with the poor state of today’s economy that the cheaper, $3,900 leather version of the bag would be the bigger seller, but that just doesn’t seem to be the case.

“I think if you were every going to spend $39,000 on a bag, that’s the bag you should buy because I think you’d wear it for a really long time,” Barneys fashion director Amanda Brooks said after the line was unveiled in July.

The opulent handbag isn’t the only item from the Olsen’s collection with a sky-high price tag. Other big ticket items for sale include a $7,890 leopard print goat fur coat, a $3,890 python and alligator bracelet, a $2,190 pair of lambskin leather leggings and a $225 oatmeal-colored tank top.

While the Olsen twins are certainly raking in big bucks with The Row, it’s nice to see they have a charitable side too. Mary-Kate and Ashley recently teamed up with TOMS to create a limited-edition line of Italian wool and cashmere blend shoes, ranging from $98 to $150, whose proceeds go towards helping the less fortunate. For every pair of TOMS purchased, the company gives a new pair of shoes to a child in need.

Watch as Mary Kate and Ashley Olsen, of The Row, drop shoes off to children in Honduras with TOMS founder Blake Mycoskie:

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.