Diamond-Studded Hermès Birkin Just Fetched A Record $223,000 At Christie’s In Hong Kong

Hermès Birkin Crocodile Fuschia Christies

Jane Birkin loves a Birkin, pretty sure she can’t afford this particular Birkin that was sold to a phone bidder for HK$1.72 million or $223,000 earlier today at Christie’s International in Hong Kong. A rare handbag by all accounts this diamond-studded, white gold hardware adorned crocodile Hermès Birkin in fuchsia now hold the world record as the world’s most expensive handbag ever sold at auction. This is not an antique Hermès, made last year from Porosus crocodile skin it had a pre-auction HK$1.5 million estimate – final price includes the buyer’s commission.

There are two other handbags that managed to fetch over $200,000 at auctions. Previous record was held by a diamond encrusted rouge crocodile Birkin that made $203,150 in 2011 at a Heritage Auctions sale in New York. The other handbag fetched $218,500 in December 2011 at Christie’s in New York – the diamond and gold evening bag was once owned by Elizabeth Taylor, however it was listed in the jewelry category.

It seems the buyer of the most expensive Birkin decided to stay anonymous. Christie’s reported most of the crowd at the auction were private Asian collectors. While Christie’s and Hermès were having a blast in Asia, couple of other luxury brands have seen a reverse in fortune. Things are so bad for Gucci and Chanel, they have been slashing prices to levels not seen before in the region. Chanel ended up dropping price of its signature flap bag by $1,400 in Hong Kong and by $1,300 in mainland China.


Source: Wall Street Journal

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