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Coco Chanel once remarked, "I don't do fashion, I am fashion." Few designers could have gotten away with such singular self-aggrandizement, but Chanel had earned the right—with her little black dresses, her perfumes and, of course, her handbags. Of these, there's a petit, quilted little number called the 2.55 that has managed to be one of fashion's impossibilities. It's 60 years old and still entirely of the moment.
"No other bag has been able to compete with this timeless piece of fashion," said Evelyn Fox, founder of Baghunter.com,