29 Nov '17, 9am

Hermès Birkin auctioned for a record HK$2.98 million in Hong Kong https://t.co/Add4MFHvAc

Hermès Birkin auctioned for a record HK$2.98 million in Hong Kong https://t.co/Add4MFHvAc

Fans of the iconic Hermès Birkin bags are beating the long waiting list by scoring the bags at auctions. The much sought-after Birkins have been continuously breaking auction records. Earlier today, a matte white Niloticus Crocodile Himalaya Birkin 30 with a diamond-encrusted white-gold buckle and hardware was auctioned for HK$2.98 million at Christie’s, making it the most expensive handbag ever sold at auctions. The collector, who won the bid by phone, is not from Asia. “The overall market for top [handbag] collectors has really matured,” says Matthew Rubinger , international head of handbags & accessories at Christie’s. Are Hermès bags a better investment than stocks? Among all the Birkin bags, the Niloticus Crocodile Himalaya is one of the most coveted. A similar style was auctioned for HK$2.94 million at Christie’s last year. It’s dubbed the Holy Grail for bag lovers. ...

Full article: http://www.scmp.com/magazines/style/fashion-beauty/articl...

Tweets

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These are sold out at the moment lmao

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via @BoF

via @BoF

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