Luxury Alert! Olsen Twins’ Award-Winning Handbags Will Cost You a Pretty Penny

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This coming holiday season, treat yourself to an enticing masterpiece fashioned by today’s hottest (and youngest) designer duo — the Olsen twins!

The 26-year-old designers were granted the Innovator of the Year award last Thursday by WSJ Magazine in New York City for their contribution to the world of fashion. Of course, the twins turned heads during the event. Please have a look at their stunning photos below.

Celebrated fashion innovators Mary-Kate and Ashley Olsen, elegantly dressed in their unique oversized ensembles, received the coveted Innovator of the Year award from WSJ Magazine in New York City in recognition of their significant impact on contemporary fashionCelebrated fashion innovators Mary-Kate and Ashley Olsen, elegantly dressed in their unique oversized ensembles, received the coveted Innovator of the Year award from WSJ Magazine in New York City in recognition of their significant impact on contemporary fashion (Credit: Ivan Nikolov / WENN)

The stylish twins made a statement by wearing pieces of clothing that seemed too big for them — Ashley’s deep-V-neck black maxi dress and Mary-Kate’s blue tailored silky suit.

At the Museum of Modern Art in New York, Mary-Kate Olsen, draped in a tailored blue silky suit, and Ashley Olsen, in a deep-V-neck black maxi dress, gracefully pose at the WSJ Magazine's Innovator of the Year Awards, exuding a blend of modern sophistication and avant-garde styleAt the Museum of Modern Art in New York, Mary-Kate Olsen, draped in a tailored blue silky suit, and Ashley Olsen, in a deep-V-neck black maxi dress, gracefully pose at the WSJ Magazine’s Innovator of the Year Awards, exuding a blend of modern sophistication and avant-garde style (Credit: Ivan Nikolov / WENN)

However, what caught our fancy were the attention-grabbing and covetable luxury handbags they were carrying that night! We learned that the bags are from their line, The Row!

Mary-Kate Olsen, attired in The Row with Cartier jewelry, and Ashley Olsen, also in The Row complemented by a Cartier ring, exemplified their unique fashion sense at the WSJ. Magazine’s Innovator Of The Year AwardsMary-Kate Olsen, attired in The Row with Cartier jewelry, and Ashley Olsen, also in The Row complemented by a Cartier ring, exemplified their unique fashion sense at the WSJ. Magazine’s Innovator Of The Year Awards at the Museum of Modern Art in New York City on October 18, 2012 (Credit: Ivan Nikolov / WENN)

So, if you’d like to look as iconic as these two, then browsing their Fall/Winter 2012 collection could prove useful. However, the price tags will make you cry.

Are you ready?

The opulent Day Luxe Tote, priced at $5,400 and available in rich olive and sienna tones, reflects the Olsen twins' luxury brand, The Row, known for its exclusivity and high-end fashion appealThe opulent Day Luxe Tote, priced at $5,400 and available in rich olive and sienna tones, reflects the Olsen twins’ luxury brand, The Row, known for its exclusivity and high-end fashion appeal

This $12,000 Python Day Luxe Tall Tote is a testament to The Row's craftsmanship, featuring exquisite material and design, embodying the pinnacle of luxury and style in handbag fashionThis $12,000 Python Day Luxe Tall Tote is a testament to The Row’s craftsmanship, featuring exquisite material and design, embodying the pinnacle of luxury and style in handbag fashion

Showcasing the Olsen twins' flair for luxurious accessories, the Small Shoulder Tejus Bag, valued at $5,100, combines elegance with a touch of exotic texture, a perfect representation of The Row's high-end aestheticShowcasing the Olsen twins’ flair for luxurious accessories, the Small Shoulder Tejus Bag, valued at $5,100, combines elegance with a touch of exotic texture, a perfect representation of The Row’s high-end aesthetic

The Small Bowler Bag from The Row, priced at $3,700, captures the essence of refined luxury in a compact and stylish form, a fusion of traditional elegance and modern designThe Small Bowler Bag from The Row, priced at $3,700, captures the essence of refined luxury in a compact and stylish form, a fusion of traditional elegance and modern design

A staggering $34,000 Alligator Backpack from The Row, this piece is the epitome of luxury fashion, combining premium materials with exceptional design, for those who seek the ultimate in high-end accessoriesA staggering $34,000 Alligator Backpack from The Row, this piece is the epitome of luxury fashion, combining premium materials with exceptional design for those who seek the ultimate in high-end accessories

The Metal Frame Tejus Clutch, with a price tag of $5,950, is a stunning example of The Row's commitment to luxury and sophistication, a must-have accessory for the fashion eliteThe Metal Frame Tejus Clutch, with a price tag of $5,950, is a stunning example of The Row’s commitment to luxury and sophistication, a must-have accessory for the fashion elite

$34,000 for an alligator backpack?! Oh, the agony of eyeing luxury items! But if you have the moolah to splurge on these super expensive handbags this coming holiday season, visit Mytheresa to view the entire The Row F/W ’12 collection from the Olsen sisters.

Filed Under: Celebrities