A rare Hermès Birkin bag sold at auction at Christie’s in Hong Kong for a whopping $382,000 USD, setting a record for the priciest handbag ever sold at an auction.
A similar style was scooped up at Christie’s for around $377,000 in 2016.
The coveted purse, whose cost is equivalent to a studio apartment on the Upper East Side is the Niloticus Crocodile Himalaya Birkin 30.
It features diamond-encrusted hardware and has been dubbed the “Himalaya” because the delicate gradation of colour from smoky grey to pearly white resembles the snow-capped mountain range.
One might have a better chance of climbing to the top of the Mount Everest than scoring one of its namesake bags; they are considered to be the rarest of Birkins. The French luxury goods company reportedly only makes one or two each year.
Matthew Rubinger, the international head of handbags and accessories at Christie’s, said that the “extreme rarity, iconic status and craftsmanship” has continued to send Himalaya Birkin prices into another stratosphere.