(Bloomberg) -- Christie's set the record auction price for a handbag, selling a Birkin adorned with 18 karat gold and 10 carats of diamonds for HK$2.94 million ($380,000).
The white crocodile-skin Birkin bag.
The matte white crocodile-skin purse, made by Hermes International SCA in 2014, was sold to an unidentified bidder in a sale in Hong Kong, Christie's said in a statement Wednesday. The price exceeded the top estimate of $258,000.
Auctioneers have been making a slew of new records as prices for rare items increase. Sotheby's set the record auction price for a pair of earrings earlier this month, selling a duo of blue and pink diamond jewels for $57 million in Geneva. Phillips also recently set the record for a Rolex.
To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.net.
To contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Paul Jarvis
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
