update:
Karl Lagerfeld's long anticipated new purse line is coming soon -- launching in spring 2009.
The collection consists of 42 designs. The press release says the line is "inspired by the designer’s passion for modern architecture and photography, and especially by his spirited lifestyle and iconic personality." Expect to see these available in high-end department stores for $595 to $3,000 when spring rolls around.

From left, 15-inch Roller, Idol Slim Satchel, Click Double-Zip Satchel

Idol tote, Click micro-embossed slim zip tote, Click laptop case in silver