Who Would Pay $300,000 for a Handbag?

By June 6, 2016In the News
The Hermes Birkin Handbag for $300,168.

[via The New York Times] HONG KONG — In a packed bidding room last Monday, Christie’s Hong Kong hosted its 30th-anniversary auction. The tightly curated catalog featured 30 lots, each chosen for its desirability and origin in categories such as fine art, ancient ceramics, jewelry, watches and rare wines.

And handbags.

One of the auction’s stars was a 12-inch Hermès Birkin matte Himalayan crocodile handbag, with white-gold hardware set with 245 F-color diamonds weighing close to 10 carats. With a presale estimate of $190,000 to $260,000, it was billed as “the most valuable handbag in the world.”

Read the full story at nytimes.com.