3.1 Phillip Lim and Lane Crawford Have Dreamed Up an Exotic Handbag Collection (It's Pretty Wild)

Phillip Lim, the designer of his eponymous label 3.1 Phillip Lim, is no stranger to masterminding the most coveted designs around. So it really comes as no surprise that the man has truly outdone himself yet again. In an exclusive partnership struck with BLITZ Lane Crawford, a collaborative platform created by the luxury department store's accessories division to come up with new boundary-pushing offerings, Lim has given his three most popular handbag styles an ultra-luxe makeover with a first-ever croc skin collection, aptly named Exotic City.

"It is really going back to the core of why I started the brand—we wanted the collection to be about not having to compromise on style for price point," the designer said of Exotic City. "These are classic 3.1 Phillip Lim styles—for me, they serve a function and are part of our design language. Making them in croc just added another level."

Sure enough, the limited edition bags (less than 20 pieces are available per style globally) have topped our lust list for fall. The 31 Minute Bag (an envelope clutch, pictured center), the Mini Ryder (moto-inspired satchel, right), and the Wednesday (the Boston-style duffle, left) each come in two colorways—sleek jet black and playful jade green—and they're yours to snap up at the cool price of $1,483 (for the clutch), $3,676 (for the Mini Ryder) or $4,772 (for the Wednesday) on lanecrawford.com.

So the takeaway here is this: If you have a couple thousand dollars to spare, we highly recommend splurging on one of the Exotic City pieces before it's too late (you'll be the envy of us all). And if you don't have stacks to spend, they work as eye candy, too. It's a win-win.

PHOTOS: See Stars in 3.1 Phillip Lim, On and Off the Red Carpet