Some lucky individual with nearly $400,000 to burn, but no handbag to put it in has recently solved their dilemma — killing two birds with one stone.
At a Christie’s auction in Hong Kong on Wednesday one buyer reached a new level of ostentation picking up a Hermes handbag for a cool HK$2.94 million (US$380,000) following a fierce bidding war that lasted for 10-15 minutes.
Prior to the auction the rare Matte White Himalaya Niloticus Crocodile Diamond Birkin 30 with 18k White Gold and Diamond Hardware — described by its auctioneers as “the most desirable handbag in existence” — was only predicted to fetch around HK$1.5 million to HK$2 million, but sometimes you just have to splurge.
So, what exactly makes this thing-carrier worth about as much as a night out with Wang Sicong? Well, the handbag is made from “delicately graded crocodile hide” and is encrusted with 245 diamonds and detailed in gold. Plus, it’s from the highly-coveted Himalaya Birkin line. If you want a new one of these, you’ll have to put your name on a six-year wait list.
“The most valuable bags are the diamond pieces, and the top collector pieces are the ones from the Himalaya family,” explained Matt Rubinger, international director of handbags and accessories at Christie’s. “This example, with white gold detailing and 245 diamonds, combines the two. It is a Himalaya with diamond hardware, and thus the apex of the market.”
Unfortunately, the bag’s buyer was not disclosed. Was it any of you guys?
More recently auctioned stuff includes: Jack Ma’s first painting ($5.4 million), the Blue Moon of Josephine ($48.4 million), Mao mail ($1 million) and the Qianlong Emperor’s musket ($2.5 million).
[Images via Christie’s]
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