Wednesday, 23 August, 2017

This Hermes Handbag Set a Crazy Record at Auction

Hermes Birkin Handbag Hammers for $380,000 at Christie’s HK Birkin bag sells for record $380000 at Hong Kong auction
Mae Harvey | 03 June, 2017, 02:19

While auction house Christie's refused to reveal the identity of the buyer, it said that the Birkin fetched a record $380,000 at an auction in Hong Kong on Wednesday, May 31.

It's more than just a bag though, it's also a type of jewelry with 18k gold buckles, and strap loops covered in 205 diamonds.

Given its eye-watering price, however, it seems unlikely that the latest bag sold at auction will ever grace the arm of its mystery owner.

According to AP reports, the super-rare Himalaya Birkin, made of matte crocodile skin is hand-dyed to replicate the grays and whites of the Tibetan mountain range. When news of the bag came up, Christie's spokesperson Gigi Ho estimated that it would sell for between 1.5 and 2 million Hong Kong dollars (which is about $193,000-258,000). Often considered to be a symbol of style and luxury, the Birkin is known to have a long waitlist and numerous celebrity patrons. 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 US$57 million in Geneva.

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While the particular bag was produced in 2014, the Birkin was first created in 1984 by Hermes in honour of British actress Jane Birkin. Only time will tell what bag will topple this epic sale, but our money is on yet another diamond Himalaya Birkin.

In 2015, Birkin asked Hermes to remove her name from the bags, because she was troubled by the "cruel practices" used to kill the crocodiles for the bags.

Waiting lists have been known to last up to six years, with prices quickly entering five figures.

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