This Birkin Bag Sold For $380,000

In 2016, an Hermes Birkin became the most expensive bag bought at an auction for $300,000. In 2017, another Hermes Birkin bag has smashed that record.

At an auction recently held by Christie's in Hong Kong, a buyer who chose to remain anonymous bought the Himalaya Birkin bag for a whopping $380,000. Created in 2014, the bag is made of matte crocodile skin, with handles encrusted with 205 diamonds and 18-karat gold buckles.

Himalaya Birkins get their name from the bag's colour, which fades from smoky grey to pearly white, evoking comparisons with the mountain range. The company says they're exceptionally rare, with only one or two believed to be made each year because of a time-consuming process to dye the crocodile skin.

What do you think of the Himalaya Birkin and its exorbitant price tag?