The most expensive handbag in the world

Hermes Birkin Handbag Hammers for $380,000 at Christie’s HK

The most expensive handbag in the world

Luxury buyers definitely have a thing for diamond-encrusted Hermes bags.

An Hermès Birkin bag just sold for $380,000 in Hong Kong, thus becoming the world's most expensive bag ever to sell at auction.

The luxury handbag features matte white crocodile skin and diamond-encrusted, 18-karat gold buckles and strap loops, according to the Associated Press.

The price flew past the presale estimate of HK 1.5 million to 2 million ($193,000-$258,000) during 10 to 15 minutes of intense bidding in the auction room and from phone and online buyers, Christie's spokeswoman Gigi Ho said. Yep, a price that's probably more than your parents' first home.

The picture at top shows a Birkin at a Christie's Hong Kong preview in 2016 and similar pieces have sold at auction for a variety of six-digit prices. The unique color scheme also contributes to the high demand of the bag, with the company reportedly only making one or two Himalaya bags per year because of how long it takes to dye the crocodile skin.

The jaw-dropping Hermès Birkin bag was auctioned off by Christie's.

The original bag in the line was designed for singer and actress Jane Birkin, after a chance 1984 meeting with the then president of Hermès, Jean-Louis Dumas. Only time will tell what bag will topple this epic sale, but our money is on yet another diamond Himalaya Birkin.

Even if you have the money, buying one is hard: The auction house said there is a six-year waiting list to buy a new one.

In 2015, Birkin asked Hermes to remove her name from the bags, because she was troubled by the "cruel practices" used to kill the crocodiles for the bags.

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