How to make a hat worth $25,000
Updated 14:38, 26-Sep-2019
Melisa Valenzuela
South America;Ecuador

The "Panama hat," originally called the Ecuadorian toquilla straw hat, is one of the most expensive hats in the world due to the complicated handcraft involved. A high-quality Panama hat needs more than 6 months to finish and can cost more than 20,000 U.S. dollars.

Simón Espinal is a world-renowned craftsman in Panama hat-making, beginning to learn the craft at the age of 14. His work has been appreciated by many artists and famous people including Sylvester Stallone and Brad Pitt. As one of the best in the world, he has passed down his skill to all of his children and hopes it will never fade away.