I remember distinctly the first time I coveted an “it” bag. I was in sixth-grade science class when a girl walked in with a Louis Vuitton baguette—going to school in Los Angeles, not in and of itself an uncommon occurrence—but this one was adorned with cartoon renderings of pink flowers. After class, my classmates crowded around to stroke the pebbled leather and coo over the purse’s cuteness. The bag was the result of a brilliant, unexpected collaboration between Louis Vuitton and Japanese artist Takashi Murakami, masterminded by Marc Jacobs in 2003. The resulting pieces were prohibitively expensive, limited in quantity, and difficult to obtain—the trifecta of an “it” item. At 13-years-old, I desperately wanted something simply because I intrinsically knew I would never have it.

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