The handbag that costs as much as a house— Colin Hulyer (@ColinHulyer) March 4, 2018
All that is wrong with this world in one article ????? https://t.co/RmwsEhieA6
British auction house Christie's reportedly sold one of the most expensive and sought-after secondhand Hermes bags to a buyer in Hong Kong.
As absurd as it may seem, the Hermes bag broke the record for the world’s most expensive handbag ever sold at an auction, fetching $380,000 — which is several times the amount an average person working in the United States makes annually.
The rare handbag, which was made in 2008, is from Hermes' iconic "Birkin" series named after English-French actress and singer Jane Birkin.
The costly bag, known as the Himalaya Birkin, was sold last year to an unknown phone bidder at a Christie’s auction.
"It was the world record price for any handbag sold at auction," said Bingle Lee, a spokesperson for Christie's.
Detailed with 18-carat white gold as well as diamonds, the bag is definitely a collector’s item. However, this particular piece appears even more famous because of the material used in its crafting: the Nilo crocodile hide, described by the London-based auctioneers as the "rarest, most sought-after."
The skin came from albino crocodiles that endured the horrors of skinning process. These crocodiles are explicitly bred for the high-end French brand — highlighting animal cruelty in fashion industry.
Though more animal rights organizations have started fighting for their legal rights, interest in animal skin accessories has grown rapidly over the years.
The idea of spending such a ridiculous sum of money on a secondhand bag may seem silly to some.
However, for the sellers, it’s a dream come true.
According to Rachel Koffsky, a specialist in handbags and accessories at Christie's, rare handbags make good investments — even better than gold.
"For a positive return on investment, numbered and limited edition pieces will stand out as they are only created in a very limited run," Koffsky said. "The less pieces exist on the secondary market, the more that a collector will spend to get a hold of it."
There was a time when women had pockets sewn in to their dresses for safe-keeping, but minimalism has long gone. Since then, handbags have taken over as one of the most functional and diligent accessories that went from necessity to a fashion statement in no time.
There is a bewildering amount of choice out there on what kind of handbag to buy — and what is worth the money. But buying one that is not only heavy on the pockets but also made out of an animal's skin is just horrific.
Here is what the social media had to say about the most expensive bag sold at an auction.
Spend £279000 on a handbag and have nothing to put in it.— deka (@derekmk60) March 4, 2018
Or spend £1000 on a handbag and fill it with £278000.
Something wrong when capitalism has swung so far into the hands of so few— PAM WATTS (@pamewatts) March 4, 2018
No handbag in the world should cost that much. Any buyers are just over rich suckers.— bluey49 (@bluey49) March 4, 2018
Should put an immediate 50% purchase tax on ' em for a start.
Every person who buys this should have their wealth surgically removed— Mika Monkey Mike (@MikaMonkeyMike) March 4, 2018
What would you dare to put in it? Imagine if the top came off your lipstick or pen. Immediate 100 grand reduction in value!— Beryl J Watson (@bezaway) March 4, 2018
Shelter's figures show that as of April 2017 281,000 people were living in temporary accommodation in Britain. A further 21,300 were in single homeless hostels or social services housing, while 4,500 were rough sleeping. Oh, and this handbag cost £279,000. https://t.co/oaknot8qlB— Kingsley Beat (@KingsleyBeat) March 4, 2018
Stupid human with too much money pays as much as a house for an ugly bag made from the skin of a murdered animal.— Dawn of the Vegan ? (@DawnoftheVegan) March 4, 2018
Here's an idea. Let the crocodile live it's life. And buy someone a house who can't afford one. Then use one of your other bags instead...https://t.co/QPQZExhWU4
Consumerism gone mad: BBC News - The handbag that costs as much as a house. What about our environmental, ecological, moral footprint. 'Walk lightly on the Earth for you will surely return to it". The croc will have its day ... https://t.co/F6G5mYO0xC— Abdul Razaq (@AbdulRazaq_DPH) March 4, 2018
Thumbnail/Banner Credit: Reuters