@christiesinc/Instagram
Credit: @christiesinc/Instagram

This Is the World’s Most Expensive Bag Sold at Auction

The Cut | Sarah Spellings

Hermès broke its own record when a white Birkin bag sold for $380,000 at a Hong Kong auction. What could possibly make a bag worth that much? Vintage pedigree? A blessing upon it by Jane Birkin herself? No. It’s just encrusted in hundreds of diamonds and made of specially dyed crocodile skin.

Credit: @christiesinc/Instagram

Christie’s says it is the highest price for a handbag sold at auction. It’s a 2014 matte white Himalaya with 18-karat gold buckles and 205 diamonds embedded in the strap. The company is believed to only make a handful of Himalaya bags a year because it takes so long to dye the leather. Last year, a bag with identical specifications but from 2008 sold for $300,000.

Hermès folklore says the bag was conceived of during an Air France flight where Jane Birkin and Hermès owner Jean-Louis Dumas sat next to each other. When the British singer bemoaned that she didn’t have a big enough bag (or basket) for all her papers, the Birkin bag was born. It starts at $7,000 and is reportedly a better investment than the stock market or gold.

This article was written by Sarah Spellings from The Cut and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

NEXT STORY

What to Wear to the Beach: 60 Perfect Outfit Ideas