These Handwoven Panama Hats Can Run You $25,000

Simón Abel Espinal wakes up thinking about his work—and with good reason. For nearly 40 years, he’s handwoven toquilla straw hats of the highest quality. Widely known as “Panama hats,” these brimmed beauties actually come from Simón’s home country, Ecuador. Simón’s hats can take over six months to complete, with the finished product fetching as much as $25,000.