Victoria Beckham's new bag is officially a must-have fashion item - it sold out in hours after going on sale online.

Beckham teamed up with accessories consultant Katie Hillier to create a collection of handbags and the pair's first two items were launched on Net-a-Porter.com on Thursday (06Jan11).

Reports suggest there was a rush on the leather and nubuck bags and they sold out within the hour.

The hottest item from the range is a $14,000 crocodile bag.

The line will be available is select department stores later this year (11).