Feast your eyes on the world’s most expensive handbag A diamond encrusted Birkin from Hermes sold at the hammer price on Monday 243 thousand dollars. It broke the world record for a handbag sale – set here in Hong Kong last year – by over 20 grand. The 10-year old bag was made from rare Himalayan crocodile skin.
Reuters’ Tara Joseph reports on how luxury auction trends are shifting in this Asian fashion enclave.
Designer handbags are increasingly seen as investment opportunities and are the latest craze for collectors, taking global auction houses by storm and scoring record prices.
The new record beat one set last year, also in Hong Kong, when a fuchsia-coloured Hermes bag sold for $222,912.
The handmade bag – described by the London-based auctioneers as the “rarest, most sought-after” – is encrusted with diamonds, while the buckle and trademark mini Hermes padlock are made of 18 carat white gold.
It is believed that only one or two of the Diamond Himalayas are produced each year, globally, making it one of the lowest production runs for handbags,” Christie’s said in a statement issued before the sale.
The bag was made in 2008 and is from Hermes’ iconic “Birkin” series named after actress and singer Jane Birkin, who was born in Britain and lives in France.
A smaller Himalaya Niloticus Crocodile Diamond Birkin 25 handbag will go under the hammer on Wednesday with an estimate price of HK$1.3 million to HK$1.5 million
The auction was part of the firm’s 30th anniversary sales to mark its presence in Asia, with a range of luxury goods on offer, including Chinese paintings and watches.