USA Today reports:

That new Louis Vuitton Tribute Patchwork Bag everyone is blathering about? The one that's supposedly the most expensive bag ever? The one being disparaged from blog to blog as the ugliest bag ever?

Sold out.

Yes, some two-dozen special customers of the venerable French line ordered the $45,000 custom-made shoulder bags months ago - and they've all been delivered. No more are being made, and Vuitton doesn't want to talk about them...

No word yet on who would pay the equivalent of a college education for the Vuitton Tribute, a startling-looking bag designed by Marc Jacobs and made up of pieces of 15 Vuitton bags. The British press, never shy about sniping at the French, referred to the bag as "Frankenstein's monster" when it appeared on the runway last fall.
Now, months later, pictures are turning up on the purse blogs, where bag lovers dish and damn with abandon. Their take was not kind: "An atrocity," declares Kelly Cook of Bagsnob.com. "Ridiculously hideous... the craze for this bag has got to stop."

The question is, what would you pay for it?

Read the full article on the Louis Vuitton patchwork bag here.

1 - This is not the most expensive bag in the world...I saw a red croc Kelly bag in Paris for 85,000 Euro. (diamonds on clasp)

2 - A college education does not cost $45,000 anymore. My university costs at least $80,000 for out-of-state students and we are considered in-expensive.

3 - There is something cool about it...it is very ugly, I'm not saying it isn't, but I think it's cool...is that trompe l'oeil going on or is it very 3 dimensional?

4 - File this under "bag as art" not "bag as practical item"

my "college education" cost less than that. and so will my masters. but then im in australia so maybe i got off cheap.
oh and the bag is just plain nasty.

There's a limit that I would pay for a bag. Unless I'm a millionarie, then I would pay $45,000 for a bag easily, but I'm not, so I'm very limite in what I would pay for.

I personally would rather spend 45,000 on a nice piece of jewellery rather than on a handbag.At present I would not want to spend anymore than $5000 on a hangbag.

Besides, that bag looks so ugly and is not worth spending a single penny on.