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A $129,000 crocodile-skin Hermes "Birkin" bag is pictured on June 21, 2007

A $129,000 crocodile-skin Hermes "Birkin" bag is pictured on June 21, 2007

Five figure Christmas gift.  Ashley and Mary-Kate Olsen, the design duo for their label, The Row, have released a $55,000 crocodile skin backpack adorned with prescription pills

And we thought the last bag was expensive! Olsen twins trump $39k backpack with new $55k version co-designed by Damien Hirst

Five figure Christmas gift. Ashley and Mary-Kate Olsen, the design duo for their label, The Row, have released a $55,000 crocodile skin backpack adorned with prescription pills

High art and high fashion: The crocodile skin bag is a collaboration between artist Damien Hirst (left), whose paintings have sold for more than $3million, and the Olsen twins' label, The Row

And we thought the last bag was expensive! Olsen twins trump $39k backpack with new $55k version co-designed by Damien Hirst

High art and high fashion: The crocodile skin bag is a collaboration between artist Damien Hirst (left), whose paintings have sold for more than $3million, and the Olsen twins' label, The Row

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And we thought the last bag was expensive! Olsen twins trump $39k backpack with new $55k version co-designed by Damien Hirst

Created out of black patent leather from Nile crocodiles, the five-figure backpack is one of 12 being sold on behalf of Just One Eye.

Artistic inspiration: Signed by the artist himself, each backpack features eye-popping embellishments like Mr Hirst¿s signature spots, pictured here being viewed by prince William (left)

And we thought the last bag was expensive! Olsen twins trump $39k backpack with new $55k version co-designed by Damien Hirst

Artistic inspiration: Signed by the artist himself, each backpack features eye-popping embellishments like Mr Hirst¿s signature spots, pictured here being viewed by prince William (left)

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