Last updateTue, 24 Apr 2018 8pm

Diamond encrusted Hermes handbag sells for $377,000

Luxury buyers definitely have a thing for diamond-encrusted Hermes bags. 

A matte white Himalaya Niloticus crocodile diamond Birkin 30 handbag was sold last Wednesday in Hong Kong for over $377,000, making it the most expensive handbag ever sold at auction.

Christie's said the Hermes bag, which boasts 18 karat white gold and diamond hardware, was purchased by an unidentified buyer after 15 minutes of "intense" bidding.

Diamond encrusted Hermes handbag

It's not the first Birkin 30 to command an eye-popping price. Christie's last year auctioned a similar bag in Hong Kong for $300,000 -- a record at the time.

Read the full article at http://money.cnn.com/2017/05/31/news/birkin-hermes-handbag/