The Ricky Bag is available from €1950, but yesterday, it was the exotic crocodile skin versions that were selling like hotcakes at €22,000 a piece. The Ricky Bag, named after Ralph Lauren’s wife, is regarded in the fashion world as an icon of classic elegance and style, on a par with the Birkin by Hermes and the 2.55 by Chanel. The famous US designer seems to have set a trend that will place Amsterdam squarely on the map for luxury goods in the European market.

But the company had even more in store: the guests were treated to a ‘first’ in the form of the ‘Ricky Bag with Light’ – a handbag with a USB port for charging your mobile phone, and LED lighting to illuminate the inside. The new version will not become available worldwide until December – and only on order.