Hermes Handbag Auctioned for Nearly $205K
The red Birkin bag featuring gold and diamond hardware was in mint condition
Wednesday, Dec 7, 2011 | Updated 2:03 AM CDT
Heritage Auctions
Heritage Auctions says the red alligator Hermes Birkin bag featuring 18K gold and diamond hardware and was "pristine condition."
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 Noah Fleisher said the bag went to a collector who wished to remain anonymous.
Fleisher 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.
Fleisher 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.
More: HA.com
