As a pop-up handbag auction opens in London, a fashion frenzy is gripping venerable auction houses – and sending prices sky high. Can fashion ever be on a par with a Picasso?
"I like my money where I can see it. Hanging in my closet," says Carrie Bradshaw in the 2000s TV series Sex and the City, and it would appear that an increasing number of collectors do, too, with archival fashion auctions fetching record prices.