Earlier this year, news came out that Birkins are proving to be better investments compared to stocks or gold, because unlike these go-to asset purchases, the ultra-luxury market where the bag belongs to is not influenced by economic factors. These crazy expensive Hermès purses are notoriously hard to come by, and demand for the handbag is always greater than what is readily available for buyers, affecting its value over time. But here's an even more rare kind.
Just recently, a special Birkin set a mind-boggling $300,168 (roughly over 14 million pesos) record making it the most expensive handbag ever to be sold at an auction. What’s so unique about the bag that was produced in 2008 and initially sold in 2009? It’s made of diamonds and gold. Feast your eyes on the Diamond Himalaya Niloticus crocodile diamond 30cm Birkin with white gold and diamond hardware.
According to a press release from Christie’s, “It is believed that only one or two of the Diamond Himalayas are produced each year, globally, making it one of the lowest production runs for handbags." Aside from the rare diamond breed, the croc skin and all that gold contribute to the value of the purse. It just broke the previous record-holder—yes you guessed it, another Birkin—a fuchsia diamond-studded Hermès Birkin that was sold at $222,000.
According to reports, the bag was sold by a private Asian collector. Our two cents say a crazy rich Asian probably bought it. What do you think?