In 2015, I read in the Daily Mail UK that Christie's Auction House in Hong Kong auctioned the most expensive handbag ever sold. But according to the Wall Street Journal it was the most expensive bag sold at auction. The bag was a Birkin by Hermes, in fuchsia pink crocodile skin. It was purchased by an unidentified buyer at the auction.
When the hammer went down, the price tag was 1.72 million Hong Kong dollars which is equal to UK £150,000, or US $228,480. It was reported in the daily Mail as the most expensive handbag ever sold, but I think like the Wall Street Journal it was meant to say the most expensive handbag ever sold at auction.
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The Daily Mail UK said that this sale broke the previous world record, set in 2011, for the world's most expensive handbag. The previous record was for a bag which sold for £133,500 (US$202,585) at auction in the USA. This was also for a Hermes Birkin, but in rouge-red crocodile skin.
My research reveals that the world's most expensive handbag, as listed in the Guinness Book of Records, was for a Mouawad’s 1001 Nights Diamond Purse which is worth an astounding US $3.8 million. I will discuss this super valuable bag in another article.
In this article I will discuss what makes the Birkin by Hermes, in fuchsia pink crocodile skin, so desirable and s costly. Just to put it into perspective, instead of buying this pink Birkin, you could have bought an Aston Martin DB9 Volante or even put a deposit on a house.
This remarkably expensive handbag is a Birkin Bag produced by Hermes. It was made in 2014 of bright fuchsia-pink luxury crocodile skin and features a genuine 18 karat white gold clasp and lock embossed with real diamonds.
The first Birkin bag ever was designed in 1984 by Hermes, a French fashion house and is seen as a fashion classic. It was named after the actress Jane Birkin and the story goes that the Birkin bag was fashioned after the Hermes CEO, Jean Louis Dumas, sat next to her on a Paris to London flight. The actress expressed her frustration about her struggle to find a suitable leather weekend bag. She sketched out what her idyllic bag would be like. Soon after, the bag she defined was created as the Birkin. Hermés count many of the world's wealthiest women as fans of the Birkin.
The Hermes brand is famed for its wonderful leather accessories and the Birkin has become one of the most desirable handbags ever. The Birkin Bag is notorious for having a price tag in the thousands of dollars. Despite this there is a waiting list for a Birkin which can be several years long. Hermes is distinguished by its perfection in both finish and the finest quality materials used. Hermès do not use assembly lines but instead uses an experienced crafts-person to handcraft each bag to create the immaculately finished product.
Regrettably the high-end luggage and accessories created by Hermès aren't really in the average fashionista's price range. A Hermes Birkin bag is priced upwards of £8,000 (US$ 12185). However although a Birkin bag may be worth as much as a small car, it is appreciated by the fashion trade that it is an 'investment' piece – an expensive handbag; definitely. But a bag that will remain in style and good shape for years, if not decades; and also go up in value. The record auction of this Birkin has proved that. As well there are waiting lists of up to three years which creates demand.
We don't know who bought this expensive handbag (they were a phone bidder) , but we are aware of the fact that both Kim Kardashian, Heidi Klum and other celebs are the proud owners of similar pink Hermes Birkin bags.
It is rumored that Victoria Beckham owns as many as 100 bags, which together are thought to be worth £1,500,000 (US$2,284,800). It seems Khloe Kardashian owns one in just about every color of the rainbow.
I am not sure that the pink Birkin bag reported in the Daily Mail UK is the most expensive handbag in the world, but according to the Wall Street Journal it is the most expensive handbag which has at auction.
If you want a trendy new bag but just cannot afford a very expensive handbag then check out the great bags on my site at the Large Purse Shop.