A funny meme recently went viral on Instagram: "The last time the New York Knicks won a championship, a classic Chanel Flap bag cost $350." In 2026, the mere thought of a luxury handbag costing under $400 feels completely absurd—today, price tags on iconic models from heritage fashion houses are 10 to 20 times higher.
For those searching for an elegant, high-quality, and practical bag without wanting to spend a fortune, times are tough. It was precisely this dilemma that Vera G. Wang found herself in years ago, ultimately inspiring her to launch Verafied—a New York-based leather and suede handbag brand ranging from spacious totes to evening bags, with nothing priced over $500, WWD reports.
"The idea was born long before the brand even launched. It all started with personal frustration," shares Vera Wang. "I adored beautiful, high-quality bags. But I developed a strong feeling that major fashion houses had stopped creating anything genuinely new, while continuously hiking up their prices. On the other hand, fast-fashion brands offered endless options, but quality and craftsmanship were completely non-existent."
Verafied officially launched in 2021. The debut piece was a hobo bag that instantly went viral on social media. From the beginning, Vera banked on a direct-to-consumer (DTC) model, bypassing middle-men and traditional retail markups to keep luxury accessible.
The designer aims to create timeless pieces with an innovative approach to functionality, ensuring the bags aren't just beautiful accessories, but truly practical everyday companions.

The Workwear Icon: A roomy model that effortlessly fits a laptop. Its design was inspired by a vintage 1950s bag that belonged to the grandfather of one of Vera's close friends. Its ultimate selling point is a waterproof interior pocket—perfect for stashing a wet swimsuit, gadgets, or a change of shoes.
The Café Mini ($228): This recent release instantly achieved cult status. The concept was born out of the need for a compact bag that is convenient for grabbing coffee or heading out to dinner. Measuring just 19 by 9 cm, the bag features a rounded shape that Vera affectionately calls a "big belly"—a structure that makes it incredibly spacious despite its small size. Customers fell so deeply in love with the Café Mini's color palette and textures that they frequently purchase several at once in different shades.

Despite rapid commercial success and recognition in the fashion capital, Vera Wang is in no rush to scale her business at the expense of its core philosophy.
"I plan to continue adhering to the principles of slow fashion and mindfulness," Wang notes. "My goal is to build a brand that stands the test of time. Exactly like each of my bags, which are designed to last you for years to come—both in terms of design and structural durability."
Follow NEWS.am STYLE on Facebook, Twitter and Instagram
23:01, August 27
Did Frédéric Chopin Love Men? German Researcher Finds Declarations of Love in the Composer’s Letters21:19, August 27
Roger Federer Makes an Unexpected Rolex Choice: Tennis Legend Steps Out in One of the Brand’s Most Talked-About Watches20:26, August 27
Wolves in Cashmere: Billionaires No Longer Want to Look Like Billionaires19:32, August 27
Swiss Exclusive for OpenAI: Why Sam Altman’s Watch Is Being Called the New Status Symbol16:50, August 27
Spanish Town Drowned in Tomatoes as 20,000 People Join Epic Food Fight16:17, August 27
Instagram Launches First Draft: Reels Can Now Be Edited in Seconds15:24, August 27
Massage, Aromatherapy and “Hoof Care”: America Is Getting Its First Cow Spa for Humans14:35, August 27
From the Vatican to Haute Couture: Pope Leo XIV Lands on Vanity Fair’s Best-Dressed List14:18, August 27
Kendall Jenner and Jacob Elordi Try to Keep Their Date Under Wraps — But Paparazzi Catch Them13:16, August 27
A Legend Is Gone: Yayoi Kusama, the Artist Who Turned Polka Dots Into a Global Art Symbol, Dies at 9712:47, August 27
Astronomical Price Tag: How Much Meghan and Harry’s Private Jet Flight to the UK Cost12:20, August 27
Glenn Close Approves Kim Kardashian’s New Boyfriend