Elizabeth Olsen joins Mary-Kate and Ashley for launch of new handbag line – but will anyone buy their $39,000 backpack?

Elizabeth Olsen joins Mary-Kate and Ashley for launch of new handbag line – but will anyone buy their $39,000 backpack?

Elizabeth Olsen joins Mary-Kate and Ashley for launch of new handbag line – but will anyone buy their $39,000 backpack

10:03 PM on 15th July 2011

Former child stars Mary-Kate (left) and Ashley (right) pose with their younger sister Elizabeth, 22, at the launch of their handbag line at Barney

Sister act: Mary-Kate (left) and Ashley (right) with their younger sister Elizabeth, 22, at the launch of their handbag line at Barney”s New York this week

Victoria Beckham Birkin

Expensive: The Row backpack exceeds the pricetag of Victoria Beckham”s $29,000 hand luggage (left) and is on a par with a crocodile Hermes Birkin

Ashley Olsen Mary-Kate Olsen

Promotional opportunity: Ashley has faithfully been carrying a favourite bag from her new accessories collection for weeks

Sneak peek: We had an early glimpse of the bags when the twins carried them to the CFDA Awards in June

Sneak peek: We had an early glimpse of the bags when the twins carried them to the CFDA Awards in June