Olsen twins selling prescription pill-embellished bags for $55k

London, Dec. 4 (ANI): Designer sisters Mary Kate and Ashley Olsen, whose last bag was priced at a whopping 39,000 dollars, have gone a step further by releasing a 55,000-dollar backpack adorned with prescription pills.

The Olsen twins' label, The Row, has created the bag in collaboration with British artist Damien Hirst, the Daily Mail reported.

Created out of black patent leather from Nile crocodiles, the backpack is one of 12 being sold on behalf of Just One Eye, which include plain and polka-dotted versions also.

"We are longtime admirers of both Damien and The Row's work, and our main focus here is to nurture work between artists working in different mediums," Just One Eye co-founder Paola Russo said in a statement.

"We couldn't have dreamed of a better way to debut this series of partnerships," he said.

According to Just One Eye, each backpack signed by the artist himself, "blurs the line between high art and high fashion," and features eye-popping embellishments like Hirst's signature spots.

It is the most expensive handbag the Olsen twins have released since they established their brand in 2006, and launched their handbag line in 2011. (ANI)