Handbag Sells For $203,150 At Auction
December 8, 2011 by UPI - United Press International, Inc.
DALLAS, Dec. 8 (UPI) — A Dallas auction house said a Hermes Diamond Birkin handbag set a world record by fetching $203,150 at auction.
Heritage Auctions said the Hermes Exceptional Collection Shiny Rouge H Porosus Crocodile 30cm Birkin Bag with Solid 18 karat White Gold & Diamond Hardware fetched the record price for a publicly auctioned handbag, including the 19.5 percent buyer’s premium, at the Dec. 6 auction.
“This is an extraordinary example of one of the world’s most exceptional handbags,” said Matt Rubinger, director of luxury accessories at Heritage Auctions, “and this was certainly an exceptional price, exceeding our highest expectations at every corner.”
“Just a year ago another Birkin, without the jewels and in lesser condition than this one, sold for the equivalent of $77,000 at auction in England,” Rubinger said. “Everything about this bag measures up much better than that one, which was the auction record until this: the color, the diamonds, the condition — it all combines to make this a singular bag and an extraordinary opportunity for a high-end collector.”