World's most expensive handbag sells for jaw-dropping price at auction

A Hermès handbag broke a world record when it sold for a jaw-dropping $380,000 at a Hong Kong auction on Wednesday, according to the Associated Press.

The purse in question, a matte white "Himalaya" crocodile skin Hermès Birkin bag with 18-karat-gold buckles and strap loops encrusted with 205 diamonds, sold for the highest price of any handbag ever sold at auction, according to Christie's.

Pictured: A similar Himalayan crocodile Birkin bag / Photo: Reuters

So, who'd this fancy hangbag steal its new title from?

Well ... itself, kind of.

Naturally, the previous record holder was another Birkin.

In 2016, a Birkin bag having almost identical specifications as the one just sold was auctioned off for a cool $300,000.

If that price tag makes your head spin, keep in mind that the luxury purses are rumored a better long-term investment than gold.

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