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World’s most expensive handbag: Hermès crocodile diamond bag sells at auction house Christie’s for HK$4 million today, hitting a world record

Christie’s auctioneer announces the final price of the Hermès handbag that sold for HK$4 million today.

A rare Himalaya Kelly bag from French luxury brand Hermès sold at a Christie’s auction in Hong Kong for HK$4 million, breaking the world record of the most expensive bag ever sold at auction.

Made of crocodile hide and decorated with diamonds, “it is one that collectors are always looking for,” Jerry Zhang Yi-jie, handbag expert at Christie’s said.

An image of the world’s most expensive handbag flashes across the auction screen at Christie’s in Hong Kong today. It is made of gradient crocodile hide.

“It is not the first time this model breaks the world record,” Zhang said.

The same model bag was sold in 2019 for HK$3.375 million, breaking a previous record from 2017.

“The price is becoming crazy these years,” Steven Hao Shi-wen,  a handbag collector and seller who attended the auction today, said.

Christie's auction week starts from Nov. 26 in Hong Kong, showcasing collectibles including handbags, accessories and artworks worldwide.


《The Young Reporter》

The Young Reporter (TYR) started as a newspaper in 1969. Today, it is published across multiple media platforms and updated constantly to bring the latest news and analyses to its readers.


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