Birkin Bag Sets Record Auction Price of $380,000 for a Handbag

  • Christie’s sells diamond-adorned purse in Hong Kong sale
  • Hermes bag made out of white crocodile skin with 18 karat gold

Christie’s set the record auction price for a handbag, selling a Birkin adorned with 18 karat gold and 10 carats of diamonds for HK$2.94 million ($380,000).

The white crocodile-skin Birkin bag.

Source: Christie’s

The matte white crocodile-skin purse, made by Hermes International SCA in 2014, was sold to an unidentified bidder in a sale in Hong Kong, Christie’s said in a statement Wednesday. The price exceeded the top estimate of $258,000.

Auctioneers have been making a slew of new records as prices for rare items increase. Sotheby’s set the record auction price for a pair of earrings earlier this month, selling a duo of blue and pink diamond jewels for $57 million in Geneva. Phillips also recently set the record for a Rolex.

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