Some may say that the "IT Bag" phase is gone, but I think Marc Jacobs and Richard Prince may disagree with that sentiment. The Fashion Shows are over, yet I still can't help to be completely taken by Richard Prince's colorful and expressive interpretation of Louis Vuitton's Spring 2008 Handbag Line. With a rainbow of colors, snakeskin accents, LG logo silk screened on canvas, ultra feminine frame purses, and oversized totes each bag feels like a piece of art perfectly transformed into a handbag. I haven't always been impressed with the collaborations in the past but it seems that ever since Takahashi Murakami has entered the accessories world, my loyalty to LV has only strengthened. Learn more about Richard Prince and his art work here and here.