Exceptional Birkin Bests Previous Auction Records

Posted In: Handbags

Crocodile leather, diamonds and 18-karat gold. Do these materials not scream luxury? What about a coveted Hermès bag with all three?

One lucky buyer made history this May, winning one such Hermès Birkin – with yes, “Himalaya” crocodile leather, more than 200 diamonds and 18-karat gold hardware – after a very intense bidding war. The extraordinary handbag was estimated to sell between $193,000 and $258,000, but hammered at a record $380,000. The sale marks a new record for the most expensive handbag ever sold. The title was previously held by similar Birkin sold for $300,000 at Christie’s in 2016.

The “Rarest Handbag in the World” is made of an incomparable Nilo crocodile hide, with a smoky grey-white ombré color that resembles the “majestic, snow-capped Himalayas.” The bag is believed to be so rare that, according to sources, only two bags are created each year.

With a starting retail price of around $11,900 (rising every year), the Birkin is the queen of handbags and often carried by celebrity and royalty alike. Victoria Beckham, Kim Kardashian and Kate Moss are just a few to carry different iterations of the exclusive bag that can boast a multi-year waiting list.

Please contact The Loan Companies at any one of our three locations should you wish to inquire about more information regarding a collateral loan on an Hermès Birkin bag or if you are looking to buy or sell gold and diamond jewelry, fine watches or fine art.