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5. Lana Marks Cleopatra Clutch—$400,000
The relatively high price of this bag which is often carried across the red carpet is associated with its rarity, with only one new Cleopatra Clutch made each year, varying in design and color. Chinese singer/actress Li Bingbing owns the most expensive Cleopatra Clutch, encrusted in 1,600 white diamonds, and her name is attached in pink diamonds and pink gold to match her red-carpet gown. Li Bingbing has established L.O.V.E, a charitable organization dedicated to the promotion of a positive, green, low-carbon, environmentally responsible lifestyle. American Lana J. Marks started the Lana Marks brand more than 30 years ago with one handbag—” The Lunchbox” in red alligator. Women we all know with Lana Marks bags include Madonna, Oprah Winfrey, Lucy Liu, Reese Witherspoon, and the late Diana, Princess of Wales.