A Louis Vuitton ad for a men's bag featuring Olympian Michael Phelps. (Purse Blog) "I just love it," said the 40-year-old. "It's a bit too expensive, but I couldn't control myself." - 40-year old Hong Kong dietician and men's bag shopaholic Wallace Ngai on his latest purchase of an $8,000 Tom Ford black leather tote. (The Wall Street Journal) The Wall Street Journal reports on a growing men's bag craze in Asia. The article notes that in China particularly, men's bags have a practical function as more people commute to work by train, bus, or bicycle than by car, and Chinese men tend to carry more cash and cards than those in the United States and Europe, thus needing a bag for bulkier wallets.