Louis Vuitton has long cultivated a distinctive approach to luxury, marked by an astute understanding of design and cultural resonance. A significant chapter in this narrative unfolded with the introduction of limited-edition handbags, a strategy that began subtly in 1996 with the Centenaire Collection, commemorating the house's centennial. This initial offering, featuring the Damier print on vachetta leather, set a precedent for future expressions of exclusivity. The arrival of Marc Jacobs as creative director in 1997 ushered in an era of transformative artistic partnerships, elevating the brand's accessories into coveted collector's items. Jacobs not only launched the brand's first ready-to-wear line but also introduced innovative materials like Monogram Vernis, laying the groundwork for a series of collaborations that would redefine luxury accessories.

Under Jacobs' visionary leadership, Louis Vuitton embarked on groundbreaking alliances with influential artists, each contributing a unique aesthetic to the brand's classic silhouettes. The 2001 collaboration with Stephen Sprouse saw the iconic Monogram canvas reimagined with vibrant graffiti, a concept inspired by an unexpected encounter with a painted trunk. This bold fusion of street art and heritage luxury was applied to signature styles such as the Speedy, Keepall, Alma, and Pochette Accessoires. A subsequent tribute to Sprouse in 2009 introduced large rose motifs and neon hues, further cementing the collection's status. Following this, Takashi Murakami's partnership in 2003 introduced the kaleidoscopic Multicolore Monogram, a vibrant reinterpretation that quickly became a cultural phenomenon, embraced by celebrities and collectors alike. Murakami's prolific contributions extended to collections like Cherry Blossom, Panda, and Monogramouflage, each infusing the brand with a playful yet sophisticated artistry. These artistic dialogues transformed functional objects into cultural artifacts, consistently commanding significant value in the secondary market.