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It's official, sneakers have overtaken handbags as the go-to status symbol.

Just a few years ago, women (and some men) shelled out thousands on luxury handbags. From Chanel to Alexander Wang, It bags were on the arms of every young actor and fashion icon. Now? They're all wearing rare sneakers.

Sneakers have also replaced handbags as one of the most recognizable items a brand can release — we all know Balenciaga's Speed Trainers and Gucci's Ace sneakers, but only the hardcore fans can list the brand's other accessories.

If you're still not convinced, we've rounded up ten silhouettes that prove hype sneakers are officially the new status symbols. Browse them below.

To stay informed about new releases, be sure to follow Highsnobiety on Twitter, and Instagram, as well as our sneaker chatbot on Facebook to receive lightning quick updates on release dates, sneaker street style, shopping tips and more.

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