Richard Prince collaborated with Marc Jacobs to design artistic bags for the Louis Vuitton Spring/Summer 2008 line.

The hottest item right now is the Louis Vuitton Watercolor Speedy which is said to be released in the US in May.

The monogram pattern is designed in a manner that has the orange, red, and yellow paints looking like they were painted on with watercolor paint.

This bag has an incredibly long wait list at many stores and the masses are clamoring to get the next “big” Speedy. The price is said to be around $1,300 via your local LV boutique.

The Louis Vuitton Aquarelle Bag is a modified Speedy, a more refined and chic style. The frame is also made of wood and the handles are made of lizard.

This is a stunning bag in the Richard Prince collaboration with Louis Vuitton. The price on this bag is said to be around $3,600, but it will most likely end up costing over this amount.

Release date should also be around May 1st. Via purseblog