Hermes

A $203,150 purse was recently sold at the Dallas auction house, Heritage Auctions. It was a red crocodile Hermès Birkin bag with 18 carat white gold and diamond hardware. The selling price set a world record. Auctioneers expected the crocodile bag to sell for $80,000, so the fact that it went for more than two times that amount was astonishing. At the same auctions, two other bags sold for $113,525 and $95,600.