10 Jul '18, 4pm

Inside the $60 Million Battle Over Hermés Bags.

In May, Christie’s brought in $5.5 million in sales by way of an action in Hong Kong. Unlike its usual offerings of impressionist paintings or “exceptional jewels,” this one was different. All but a very small number of the nearly 220 lots that went up for sale were Hermés bags – mostly Birkins and Kellys, with bidding for more than a few of the bags topping $100,00. A Géranium Porosus Crocodile Diamond Birkin 35 with 18k gold accents sold for $120,074, a rare Matte Black Niloticus Crocodile So Black Birkin 30 for $176,108. The auction did not make headlines for breaking records as the Christie’s auction last month in London did , thanks to a particularly rare Diamond-encrusted Himalaya Birkin, which sold for $287,145, making it the most expensive bag ever sold at auction in Europe. The Hong Kong event was noteworthy for a different reason: It was one of the latest offerin...

Full article: http://www.thefashionlaw.com/home/the-60-million-battle-o...

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