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The Olsen Twins Are Making Bank

| Filed under: Fashion SmashionOlsen TwinsCollection's Bureau

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Who would have thought a $39,000 alligator skin backpack would have sold in this economy?

Apparently the Olsen twins did.

Mary-Kate and Ashley Olsen are laughing all the way to the bank.

The pricey alligator backpack was the first item to sell from their new nine-piece handbag collection.

But despite tough economic times, Ash is a true believer that luxury items still sell well. She revealed during a cocktail party during Paris Fashion Week:

"It was the first thing that sold off the shelf. During our last economic crisis in the U.S., the only thing that went up was Hermes."

Would U pay $39k for that backpack?

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