Hermès Birkin bag sells for £162,500 in London auction — theguardian.com

A Hermès Birkin bag sold for £162,500 at Christie’s, in London, on Tuesday, shattering its predicted sales price of £70-90,000. The 2015 Himalaya niloticus crocodile Birkin 35 was not the only bag to exceed expectations, with a 2007 Hermès shiny ficelle porosus crocodile Birkin selling for £118,750, following estimates of £50,000-70,000. The Birkin bag is named after the actor and singer Jane Birkin, who was seated next to the Hermès chief executive, Jean-Louis Dumas, on a flight from Paris to London in 1983. Since then, the design has become hugely popular with celebrities and collectors – Victoria Beckham’s collection of more than 100 Birkins, for example, is thought to be worth more than £1.5m.

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