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Chanel's quilted 2.55 bag is one of the most desired handbags of all time. First created in the 1920s by Coco Chanel, the bag's design was intelligently designed, as it allowed the user to hang the strap over their arm, freeing up their hands.

Coco's 2.55 bag has its roots in the designer's humble beginnings. At the age of twelve, Coco was sent to an orphanage. It was here that she spotted how the nuns would wear their keys on chains. It was these chains that inspired the design iconic chain attached to the 2.55.

And since the 1920s, not much has changed. When Karl Lagerfeld took the helm at Chanel in 1983, he introduced the interlocking "CC" clasps and other details including the leather threading the chain.

To mark its 50th anniversary, Lagerfeld commissioned for the 1955 2.55 to be reissued.

Since his takeover, Lagerfeld has breathed an exciting new life into the Chanel bag. The inspiration for the highly desirable Boy Chanel bag, released in 2012, was Coco Chanel's relationship with Arthur Edward "Boy" Chapel, a British polo player.

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Lego bricks, milk cartons, shopping baskets: Lagerfeld's new designs have a reputation for being daring and exciting, whilst the classic 2.55 remains a solid investment piece.

All bags featured are currently at in Catawiki's exclusive fashion auction ending on 10th September. To bid, register here now. Check out the full catalogue here.