Pricey purse! $129,000 Birkin bag from Hermes. Photo: AFP/Getty Images

An Hermes Birkin bag can cost you a pretty penny, but throw in exotic skins and you're talking college tuition.

To meet the demand for croc bags, 3,000 a year (Victoria Beckham alone?), instead of dealing with fickle suppliers, Hermes has made a bold business move: The company is going to breed its own crocodiles!

At the Reuters Global Luxury Summit in Paris, Hermes Joint Chief Executive Officer Patrick Thomas announced plans for an crocodile farm in Australia.

Breeding the toothy reptiles, though, is not exactly the safest or most glamorous Hermes position. The animals have to be housed individually so they don't bite each other (or the handler). Talk about fierce fashion!

Victoria Beckhams Birkin Bags

    Victoria Beckham shops with her son and, of course, a gorgeous blue Birkin, large enough to hold plenty of toys and snacks. Hey, if she's going to drop that kind of cash on a handbag, it should at least be useful, right?

    X17online

    Victoria Beckham arrives at Heathrow Airport wearing a polka dot Mac coat and basic black bag. You know, if an Hermes handbag can be considered basic.

    Bauer-Griffin

    England football players' wives and girlfriends depart to Cologne for England's match against Sweden on June 20, 2006. Is she wearing shorts? A skirt? Who cares? She's got it covered with her fabulous bag.

    Chris Uncle, FilmMagic

    Victoria Beckham and youngest son Cruz leave their hotel in Paris. Posh's chic, layered look should fit right in with the city's style.

    Bauer-Griffin

    Victoria Beckham at the Farmer's Market on June 15, 2008. Because, you know, who doesn't take a ridiculously pricey designer bag to buy fresh cut flowers and veggies?

    X17online

    Victoria Beckham arrives to Heathrow airport dressed to impress. As always.

    Bauer-Griffin

    Victoria Beckham shops at Fred Segal in Santa Monice and then heads to the Sunset Marquis Hotel in West Hollywood, where she meets Katie Holmes and daughter Suri for dinner at the Bungalow. Just another day in the life of Posh, and, of course, another Birkin.

    Bauer-Griffin

    Victoria Beckham uses her bag to brighten up an otherwise neutral ensemble at the airport.

    Bauer-Griffin

    Victoria Beckham, rocking a black tipped french manicure, arrives at Los Angeles International Airport to fly back to England with Melanie Brown (Mel B) to work on a new Spice Girls single and a television commercial. No surprise here -- the bag is a perfect match for the dress, but we can probably guess which cost more.

    Bauer-Griffin

    Posh sports a bright, 1960's-style dress while toting a hot pink ostrich Hermes Birkin purse. Victoria is trailed by several assistants who carry her luggage, block photographers, and escort her through security. Ever wonder what Mrs. Beckham carries in that expensive luggage of hers? Now we know: More expensive handbags.

    Bauer-Griffin