Look: Luxury handbag that's 'smaller than a grain of sea salt' auctioned for over $60,000

Art and advertising collective MSCHF, based in New York, came up with a microscopic luxury handbag for an auction.

The miniscule Louis Vuitton-branded bag has been auctioned for $63,750. The art collective has also earlier said that it did not seek the luxury brand's permission before using their logo.

MSCHF had announced the bag's release on Instagram, where they captioned it, "Smaller than a grain of sea salt and narrow enough to pass through the eye of a needle, this is a purse so small you'll need a microscope to see it."

"There are big handbags, normal handbags, and small handbags, but this is the final word in bag miniaturization."

A statement on how the once-functional handbag is now getting increasingly smaller and becoming a status symbol, the company said, "As a once-functional object like a handbag becomes smaller and smaller its object status becomes steadily more abstracted until it is purely a brand signifier".

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