Another day, another Birkin sold for an astronomical price. This time it’s a 35cm 2008 bag in cherry red “Braise” crocodile skin with 18-karat white gold and hardware that’s embellished with diamonds that sold for the princely sum of $298,000. This bag has already changed hands twice with each owner probably making a hefty profit since it was purchased from Hermes for just $160,000.
This time, it was sold by Privé Porter to an anonymous buyer (for a named price) from Los Angeles. Effectively smashing the previous record held by a very similar bag.
“Even with the sheer volume of Birkins we’re offered daily, we are very careful about the bags we actually buy. Is the color special? When was it produced? How rare is it? But we knew that when we had the opportunity to acquire this Braise Croc, we’d stumbled upon one of the special Birkins, the way a horse trainer may see a newborn and know that’s a Triple Crown winner someday. We hoped to sell it to someone who appreciated the bag as much as we do, and from what we understand, the buyer is a very sophisticated collector who genuinely understands how special and rare this bag is. Which is reflected in their willingness to pay the record price,” Privé Porter co-found and Managing Director Jeffrey Berk told PurseBlog.
Thinking of investing in a handbag yourself? Here’s some Birkin trivia for you: According to PurseBlog’s Amanda Mull, Birkins in red and pink shades are more popular with collectors so seek out these colors and if you’re lucky you may sell your bag for twice the purchase price someday.
[ Via : Purseblog ]