Hermes Birkin bag sells for $203K in Dallas auction

Hermes Birkin bag sells for $203K in Dallas auction

Credit: AP / Heritage Auctions

This product image provided by Heritage Auctions shows an Hermès Diamond Birkin handbag that sold for $203,525 in an auction that ended Tuesday, Dec. 6, 2011, in Dallas. Heritage spokesman Noah Fleisher said the bag, made of crocodile hide and featuring 18-karat white gold, diamond-encrusted hardware, went to a collector who wished to remain anonymous.

Print
Email
|

Associated Press

Posted on December 7, 2011 at 10:57 AM

Updated Friday, Dec 9 at 3:31 PM

DALLAS—To the untutored eye, it looks a red alligator handbag. Ah, that is where a Dallas auction house says you missed your mark.

Heritage Auctions announced that it has sold an Hermes Diamond Birkin handbag for $203,150 in bidding that ended Tuesday. Heritage spokesman Matthew Rubinger said the bag went to a collector who wished to remain anonymous.

Rubinger says the bag is made of crocodile hide and features 18-karat white gold, diamond-encrusted hardware. He says a similar bag without the jewels and in lesser condition was sold for $77,000 at auction in England a year ago.

Rubinger says the vivid red color, diamonds and mint condition enhanced the value of the bag auctioned Tuesday.

In all, four Hermes handbags sold at auction Tuesday for a total of $432,938.

Print
Email
|