New Record Set For Birkin Bag Sale: Hong Kong Auction House Sells Fuchsia Crocodile Birkin For $222,000
A Hermes designer handbag sold at a Christie's auction house in Hong Kong on Monday morning for a record $222,000.
A mystery phone bidder bought the fuchsia crocodile Birkin Bag that's encrusted with diamonds and has 18 carat white gold hardware.
It sold for 1.72 million Hong Kong dollars, which is $222,219 U.S. dollars.
The sale smashed the $203,000 record for a handbag, another Birkin Bag in red crocodile skin, reached at a Heritage Auctions sale in 2011.
The Birkin Bag was designed for and named after British actress Jane Birkin. It's famous for having a price tag in the thousands of dollars and a years-long waiting list.
The bag was one of more than 300 that Christie's put on the block in Hong Kong, which has emerged as a global auction center thanks to wealthy mainland Chinese.
Christie's said a black Birkin Bag that's scheduled to go on the block later in the same auction may sell for even more than Monday's record price.