Louis Vuitton founded in 1854 released their most expensive hand bag the Louis Vuitton Tribute Patchwork priced at $45,000 back in the early part of 2007. Yes the bags are sold out for only twenty-four numbered copies were made. The bags were made from fifteen bags that came from the LV spring/summer and cruise lines. A collection of denim patchwork bags, retailing for around $3,000-$5,000, followed shortly on the heels of the LV Tribute Patchwork Bag.