Crocodile-skin handbag sells for a record $222,912

Crocodile-skin handbag sells for a record $222,912

Crocodile-skin handbag sells for a record $222,912

Written by Staff Writer

02 Jun, 2015 | 3:32 pm

A crocodile-skin Hermes handbag, part of the “Birkin” series named after British-born French actress and singer Jane Birkin, was sold for US$222,912 at a Christie’s auction in Hong Kong.

The shiny pink bag was sold to an annonymous Asian phone bidder in an auction that saw “fast-paced bidding from start to finish”, Christie’s said in a statement late Monday. The final price realised at the Monday auction was around 15 percent more than the auction house’s estimate.

The Birkin, named after British actor and singer Jane Birkin, has been a favourite with celebrities and socialites since its launch in 1984. The auction house’s Handbags and Accessories sale achieved $5.99 million in sales.

Designer handbags are the latest craze for collectors, taking global auction houses by storm and fetching record prices.The previous record was set at the sale of another Hermes Birkin by an American auction house valued at around $203,000 in 2011.

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