Record Sale: $300,168 (USD) for a Birkin Bag.

Christie’s sold the most expensive handbag to date:

Fabled as the rarest handbag in the world, this Hermès Himalaya Birkin bag became the most expensive handbag in auction history when it sold for $300,168 / £208,175 on 30 May [2016] at the Convention Hall in Hong Kong.

The post also cited that it takes 48 hours to create a Birkin by hand, which contrasts against Luca Solca’s estimate of 18 hours for a basic Birkin bag. The difference between the two estimates may be in working with different materials (in this case Himalaya Niloticus crocodile skin).

Birkin crocodile fashion economics Hermes
Source: NA (Christie's Feature) | "‘My highlight of 2016’ — A Hermès Himalaya Birkin " | Christie's Website | 12/08/2016 | Visit