Red Hermes Handbag Auctioned For $203,150

handbag Red Hermes Handbag Auctioned For $203,150

This red Hermes handbag was auctioned for $203,150 in Dallas. (credit: Heritage Auctions)

DALLAS (AP) – To the untutored eye, it looks a red alligator handbag. Ah, that is where a Dallas auction house says you missed your mark.

Heritage Auctions announced that it has sold an Hermes Diamond Birkin handbag for $203,150 in bidding that ended Tuesday. Heritage spokesman Matthew Rubinger said the bag went to a collector who wished to remain anonymous.

Rubinger says the bag is made of crocodile hide and features 18-karat white gold, diamond-encrusted hardware. He says a similar bag without the jewels and in lesser condition was sold for $77,000 at auction in England a year ago.

Rubinger says the vivid red color, diamonds and mint condition enhanced the value of the bag auctioned Tuesday.

In all, four Hermes handbags sold at auction Tuesday for a total of $432,938.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


One Comment

  1. NiteNurse says:

    I can’t imagine spending that much money on a hand bag and not think I could make a donation to a charity.

  2. chicago48 says:

    I had to have it! It matched my shoes. Hermes, will you please make a duplicate to match these shoes? I already have plain Birkins for casual wear @ $10,000.00 a pop. There is a waiting list however. PSST I know someone …. or just go down to Canal St in China Town. No one will know the difference.

  3. Rick McDaniel says:

    People wonder why the economy is so bad? Consumer excess is one reason.

Comments are closed.

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