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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 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.