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Handbag sells for record €203k

Christie's said yesterday that a Hermes designer handbag smashed a world auction record in Hong Kong.

The auction house did not identify the buyer of the crocodile skin Birkin Bag in fuschia with 18-carat gold and diamond hardware. It sold for 1.72 million Hong Kong dollars (€203,000).

The previous record was set at a US auction in 2011 for another Birkin Bag, in red crocodile skin, that sold for $203,150 (€185,000).

The Birkin Bag was designed for and named after British actress Jane Birkin.