Meet Ilene Wood

Ilene Wood brings a new meaning to the term "bag lady." Over the course of a lifetime, she has amassed over 6,000 handbags that require their own military-grade storage unit -- many of which have traveled in exhibitions through esteemed art museums worldwide. Today, she guides Lisa through handbag history: including a suitcase popularized by Rear Window (1954) and Grace Kelly, a lantern purse from the 1940s that still lights up to this day, and of course, the highly coveted Birkin bag. To appraise this priceless collection, Lisa has brought along expert and luxury goods appraiser, Graham Wetzbarger, and he has come ready to trade with a surrealist Chanel tote in exchange for a rare Dior bag that's making a trendy comeback.