In collaboration with artist James Jean, Prada has created what just may be the massive bag hit of S/S 2008. The Fairies Bag is a gorgeous painting on soft supple grain leather, and if the notion of wearable art doesn’t tickle your fancy, perhaps the stunning ad campaign for the bag will. Topping out at $2,290, the collectors piece will be available in very limited quantity, so I suggest getting on the waitlist now. Once these babies arrive in the store, who knows what will happen.

For more pictures from this collection go to Prada.com and select Spring Summer 2008, then Campaign.