The most expensive handbag record has been broken again

Mia Steiber 2 June 2017 NEWS

hermes birkin himalaya 738

This second-hand bag sold for more than a Sydney house deposit. Yes, really.

Once again, an auction at Christie's Hong Kong was the venue for a record-breaking sale. An ultra-rare Hermès Himalayan crocodile Birkin bag sold for US$379,261. Yep, a price that's probably more than your parents' first home. And this bag is now the most expensive in the world.

The 30-centimetre Birkin bag is diamond encrusted and has white gold hardware. It is one of the limited Himalayan style bags and is characterised by a light cream colour that fades into a smoky charcoal on the edges.

The previous record was also held by a Himalayan Hermès Birkin which sold for US$300,168 in June 2016 at a Christie's auction.

Christie's international director of handbags and accessories Matt Rubinger told WWD: "The most valuable bags are the diamond pieces, and the top collector pieces are the ones from the Himalaya family. This example, with white gold detailing and 245 diamonds, combines the two. It is a Himalaya with diamond hardware, and thus the apex of the market.”

According to Rubinger, there are rumours that Hermès could stop making the Himalaya style, which likely contributed to the record price. Also, at present there is a six-year waitlist to buy a new one. This also inflates the price of second-hand items at auction which have no waitlist at all.

Birkin bags on average have increased in value by 14.2% per year making them a safer investment than gold or even most stocks on the market. So it's only a matter of time before this record is broken again.

For anyone interested in investing in a designer handbag, you can head to our designer bags guide.

Latest fashion news

Get more from finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site