Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
L'Wren Scott just launched her new handbag, the Lula, to some of the fashion world's toughest critics: bloggers. Twenty or so of them. The Lula bag comes in three sizes and various colors, but the exotic skins will set you back about $20,000. No worries, the calfskins are only $2,300. Good news if you don't want to drop that kind of dough: She also announced, without getting too specific, that she's planning on doing a lower-priced collection at some point in the future. [Fashionista]