Well, That Was Quick: New Record Hermès Birkin Auction Rings Up at Over $300k

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If it seems like it was very recently that we brought you news of a brand new world record Hermès Birkin sale, that’s because it was. In April, Privé Porter sold a Birkin in braise red crocodile for $298,000 to a collector in California, but now, according to CNN, that figure has been eclipsed by a Birkin sold by Christie’s in Hong Kong for just over $300,000.

The Birkin, seen above, is a 30cm in Himalayan Niloticus crocodile, finished with diamond-encrusted 18k gold hardware. The final auction price was $300,168, and a representative for Christie’s described the anonymous buyer as a “private Asian collector.” The bag will undoubtedly be the jewel of his or her collection.

In a market where it’s increasingly simple for shoppers across the globe to get their hands on exactly the bag they want at any time, competition for the rarest Birkins among the world’s wealthy elite has escalated quickly. It wasn’t long ago that it was rare to hear that a bag sold for six figures at all, and now Birkins priced above $100,000 pop up for purchase at a click of the button at Moda Operandi from time to time. Now that auction prices have hit the mid-six figures, it’s anyone’s guess as to where the bags’ final values may eventually level out, and if the speed of the auction prices’ increase is any indication, we may not find out for years.

Tag: Hermès Birkin

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Hermès Birkin Himalayan crocodile bag review

Hermes

Today we are going to speak about an outrageous priced handbag, one that costs more than some people spend to buy a new house. This purse is called Hermès Birkin Himalayan crocodile and its price tags says $300,000. We are accustomed with Hermes’ staggering prices and the incredibly long waiting list for buying one of their Birkin bags, but this is just insane. No doubt about it, it is the most expensive Hermes purse so far.

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I have to admit that the handbag is stunning and that it has a couple of very important qualities that kind of justify why someone who is rich would spend that much on a bag. The Himalayan crocodile purse measures 30 cm and it is one of the rarest models on the globe. The product is hand made from Nilo crocodile skin in a discrete color that is reminiscent for the imposing  Himalayan mountains. This shade is obtained through a special dyeing process that takes a lot of work and time. To match the subtle color of the leather, the bag comes with 18 karat white gold hardware decorated with white diamonds. The iconic cadena lock of the Birkin is manufactured from 68 grams of 18 k white gold and studded with 40 white round diamonds. The overall purse has over 200 diamonds on its three different structural elements- the Plaques de Sanglons, the Pontets and the Touret.

hermes birking hamalayan bag

The Hemes Birkin Himalayan crocodile bag was created in a limited number and was offered to a very short list of VIP clients. This very significant detail increased the purse’s value on the resell market so currently to acquire this model that is no longer in production thus not available for purchase you need to pay over $432,000. Hermes is the only handbag manufacturer that can sell on the secondary market at a higher price than its retail price.

People describe this jaw-dropping Hermes as one of the rarest and most desirable handbag in the world. And making one involves extensive work. It took a Hermes artisan about an year to craft the purse and the brand guarantees its sturdiness by vowing to repair it any scratches or damages immediately.  Considering the scandalous price I seriously doubt that anyone would ever wear or handle the bag without extreme care. I, for one, would keep it on a pedestal if I had one.

kim kardashian hermes birkin himalayan bag

Kim Kardashian, Victoria Beckham, Tamara Ecclestone and Marjorie Harvey are just a few of the celebrities that own this much-sought after purse. A couple of very interesting thing about Victorian Beckham and Kim Kardashian who are huge fans of Hermes Birkin bags. Victoria Beckham has a collection of Hermes purses that is estimated at over 2 million dollars while Kim Kardashian has so many Birkin that she uses one for the gym and has another one that has been hand painted by her daughter to look more interesting. For those who are not familiar with the price range for a regular Birkin, the most ‘inexpensive’ version costs about $10,000.

So there you go gals, if you needed something to treat your eyes with then you have certainly found it. The Hermes Birking Himalayan crocodile purse is a spectacular model that is manufactured from rare crocodile skin and is decorated with 18 k white gold and white diamonds. It is a luxurious bag that is available only for Hermes’ elite.

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Gold, S&P 500, or Hermes Birkin

Hermes

What will you do with the money if you win the Powerball tonight? Perhaps you want to know what to do with that end-of-year bonus and tax refund. Purse aficionados considering stashing assets in gold or the S&P 500 might want to think again. It turns out the “safest and least volatile” investment of those three may be in the bag…the Hermes Birkin bag.

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As reported in racked.com, the Baghunter compared investment returns on gold, the S&P 500, and the Birkin over the last 35 years, and the Birkin was the clear winner.  In that time, the Birkin increased in value more than 500% and has never decreased even in times of recession and economic difficulty. Baghunter says the Birkin averaged annual value increases of 14.2%, significantly higher than either gold or S&P 500.

Baghunter founder Evelyn Fox told luxurydaily.com “As a whole, the study findings show how stable the ultra-luxury industry has been over the past 35 years when compared to more traditional investment opportunities.”  According to Fox, “There is a difference between luxury and ultra-luxury. While the luxury market suffers during worse economic times the ultra-luxury market is impervious to economic factors that can affect other industries such as high-street retail and stock markets.”

Fox expects this trend to continue in 2016, pointing to the Birkin’s high retail prices and limited availability along with a strong secondary market from resellers.

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Diamond Exotic Birkin, Hermes Paris

Do you consider your Birkins (or other bags) investments?

Tag: Hermès Birkin

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From Mini to More: Hermes Birkin Sizes

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We have been thoroughly investigating the Hermes mini craze, and the obsession has indoctrined PurseBop into to the Birkin 25 club with her “Kohinoor Diamond”.

The investigation continues today to help us get a sense of just how small H minis can be. Let’s take an in-depth look at the Hermes Birkin Sizes with great comparison pictures!

We have adopted the term “mini Hermes” or “Hermes minis” to lovingly refer to smaller Birkins and Kellys, specifically the B25, K25, K20 and K15 range.

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Mini Review

Let’s recap from the “Irresistible, yet Unattainable: Hermes Mini Bags” article to grasp why H minis have become such a hot topic:

#1 Mini is the Mantra
The handbag industry as a whole has downsized bags, and consumers are applying the mini mindset to Hermes.

#2 Joining the Club
Celebrities and social media forces have put tiny B’s and K’s on the radar in a huge way as of late. There’s more desire and urgency to get your hands on a mini H, even though doing so is more easily said than done.

#3 Preference Wins
A huge part of picking the “right” Birkin used to be based off choosing the right “fit” size wise. With waves of mini and oversized trends, fit is all relative. Mini bags make a unique statement.

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Every Size, Shape, and Color!

To many, the Birkin represents a quintessential, classic bag or even the ultimate Holy Grail Bag. While the Birkin style is iconic and instantly recognizable, the bag itself does not fit one certain look. The Birkin is available in so many different sizes, leathers, colors, and hardware options that each bag is diverse and a rare commodity of its own. Hermes releases Birkins in such limited quantities that some bags are truly one of a kind and never produced again. Exotic leathers and smaller sizes tend to be more rare, and are usually only available to elite clientele. Likewise, VIP clients are sometimes offered Hermes “Special Orders” (SO), and can customize almost every aspect of their Birkin from size, color combos, leather, and hardware.

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Sizes

Birkins come in many different sizes and are referred to by their length. Many aficionados refer to a Birkin’s size in short hand with the letter “B” in conjunction with the length in centimeters (ie; “B35”). Birkin handbags come in 4 different sizes – the Birkin 25 cm (B25),  Birkin 30 cm (B30), Birkin 35 cm (B35), Birkin 40 (B40). Birkin travelling bags come in 2 sizes Birkin 50 cm (B50) and Birkin 55 cm (B55). Of the handbags, the Birkin 25 is the hardest size to find.

While there is no official rule to choosing the “right” size Birkin, traditionally, many people tend to pick sizes that fit well with their stature or storage needs. However, as mini bag and oversized bag trends phase in and out, more and more people are choosing size based simply off of preference or for desired occasion.

Dimensions Smallest to Largest (L X H X W cm):

Birkin Size Dimensions
Birkin 25 25 cm x 20 cm x 13 cm
Birkin 30 30 cm x 22 cm x 16 cm
Birkin 35 35 cm x 25 cm x 18 cm
Birkin 40 40 cm x 30 cm x 21 cm <br />

Size Comparisons

Birkin 35 – Red (aka Lady Vermillion B)
Birkin 30 – Green
Birkin 25 – Pink (aka Kohinoor Diamond)

Length Comparison – Birkin 35, Birkin 30, Birkin 25

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Height Comparison – Birkin 35, Birkin 30, Birkin 25

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Width Comparison – Birkin 35, Birkin 30, Birkin 25

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Handle Comparisons – Birkin 35, Birkin 30, Birkin 25

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Top Length Comparisons – Birkin 35, Birkin 30, Birkin 35

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Size Contrasts

Moving down the line, the bag stature and space decreases significantly despite only a 5 cm length difference. Up close, the contrast between a B30 versus B25 is noticeable. Theoretically, the Birkin 35 is even large enough for the B25 to “nest” within the bag.

Birkin 30 versus Birkin 25

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Birkin 35 versus Birkin 25

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Mini Purposes & Advantages

  1. Smaller Birkins are adorable! As we’ve already established, Hermes minis are irresistible!
  2. Above all, the B25 isn’t impractically mini. Due to its rectangular shape, the Birkin bag can comfortable hold (a reasonable) amount of essentials without feeling “stuffed”.
  3. The Birkin is sophisticated enough that it can be pulled off with a variety of looks. However, the B25 size is mini enough to the point where it could be appropriately dressed up for more formal occasions.
  4. The Birkin 25 has a very ladylike presence, especially since it is more comfortably carried by hand rather than in the crook of the arm like other Birkin sizes. The bag still has a cute factor without looking gimmicky.
  5. The B25 is a great investment for a collector. Due to the scarcity of the size and the demand, the bag will hold its value. More importantly, a Birkin 25 is unique compared to other bags and even other Birkin sizes. The B25 is versatile, but has unparalleled, distinct charm.
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It’s safe to say, I’m simply enamored with my Birkin 25 Koohinor Diamond. She’s my crown jewel pink and a truly exceptional bag. With each H addition to the PurseBop family,  I never fail to appreciate the unique craftsmanship that goes into each bag even of the same style.

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The age old question…whats your favorite Birkin size?

Tag: Hermès Birkin

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