A Birkin bag broke records and became the most expensive handbag in the world. The rare Himalayan crocodile Birkin is a luxury Hermes handbag which was auctioned for $380,000 in Hong Kong . The handbag which was produced in 2014, has 18 karat gold buckles and strap loops encrusted with 205 diamonds.
It fetched 2.94 million Hong Kong dollars ($380,000), which reports says is a record for any handbag sold at auction.
The price has surpassed the record set a year ago when a similar Birkin bag was autioned for $300,000.
The company says the bag is exceptionally rare, with only one or two believed to be made each year because of a time-consuming process to dye the crocodile skin.
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