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Who would pay 10 million dollars for a handbag?
TED PRESSMore
PARIS (AP) — Sketched out on an air sickness bag, the first Birkin handbag — the prototype for fashion's must-have accessory — sold for a staggering 8.6 million euros ($10.1 million), including fees, on Thursday in Paris to become the second most valuable fashion item ever sold at auction.
The winning bid of 7 million euros drew gasps and applause from the audience. The price crushed the previous auction record for a handbag — $513,040 paid in 2021 for a Hermès White Himalaya Niloticus Crocodile Diamond Retourne Kelly 28.
Now, the original Birkin bag, named after the actor, singer and fashion icon that Hermès created it for — the late Jane Birkin — is in a new league of its own. Only one fashion item has sold at auction for more: a pair of ruby red slippers from “The Wizard of Oz”, which sold for $32.5 million in 2024, Sotheby's said.
Whistles in the auction room
The Paris auction room buzzed with anticipation as the sale got underway, with the auctioneer reminding the crowd that the bag was “totally unique” and “the most famous bag of all time.”
The bidding started at 1 million euros but quickly increased, with telephone bidders fighting it out at the end. With Sotheby's fees included, the total price for the winning bidder from Japan was a cool 8.6 million euros, the auction house said.
From the starting price, bids rocketed past 2 million euros, then 3 million, 4 million and 5 million, to astonished gasps. When the price jumped from 5.5 million to 6 million euros in one swoop, there were whistles and applause.
The final bids were 6.2 million euros, then 6.5 million, then 6.8 million before the Japanese buyer’s last winning bid: 7 million euros.
Sotheby’s didn’t identify the buyer. Nine collectors bidding by telephone, online, and in the room competed in the 10-minute auction battle, with the private collector from Japan beating a last remaining other bidder at the end.
‘One of a kind’
Paris fashion house Hermès exclusively commissioned the bag for the London-born Birkin in 1984 — branding it with her initials J.B. on the front flap, below the lock — and delivered the finished one-of-a-kind bag to her the following year, Sotheby's said. The subsequent commercialized version of Birkin’s bag went on to become one of the world’s most exclusive luxury items, extravagantly priced and with a yearslong waiting list.
The bag was born of a fortuitous encounter on a London-bound flight in the 1980s with the then-head of Hermès, Jean-Louis Dumas. Birkin recounted in subsequent interviews that the pair got talking after she spilled some of her things on the cabin floor.
Birkin asked Dumas why Hermès didn’t make a bigger handbag and sketched out on an airplane vomit bag the sort of hold-all that she would like. He then had an example made for her and, flattered, she agreed when Hermès asked whether it could commercialize the bag in her name.
“There is no doubt that the Original Birkin bag is a true one-of-a-kind — a singular piece of fashion history that has grown into a pop culture phenomenon that signals luxury in the most refined way possible. It is incredible to think that a bag initially designed by Hermès as a practical accessory for Jane Birkin has become the most desirable bag in history," said Morgane Halimi, Sotheby’s head of handbags and fashion.
The bag became so famous that Birkin once mused before her death in 2023 at age 76 that her obituaries would likely “say, ‘Like the bag’ or something.”
The bag became so famous that Birkin once mused before her death in 2023 at age 76 that her obituaries would likely “say, ‘Like the bag’ or something.”
https://www.yahoo.com/entertainment/articles/jane-birkin-original-herm-bag-102704269.html
TED PRESSMore
PARIS (AP) — Sketched out on an air sickness bag, the first Birkin handbag — the prototype for fashion's must-have accessory — sold for a staggering 8.6 million euros ($10.1 million), including fees, on Thursday in Paris to become the second most valuable fashion item ever sold at auction.
The winning bid of 7 million euros drew gasps and applause from the audience. The price crushed the previous auction record for a handbag — $513,040 paid in 2021 for a Hermès White Himalaya Niloticus Crocodile Diamond Retourne Kelly 28.
Now, the original Birkin bag, named after the actor, singer and fashion icon that Hermès created it for — the late Jane Birkin — is in a new league of its own. Only one fashion item has sold at auction for more: a pair of ruby red slippers from “The Wizard of Oz”, which sold for $32.5 million in 2024, Sotheby's said.
Whistles in the auction room
The Paris auction room buzzed with anticipation as the sale got underway, with the auctioneer reminding the crowd that the bag was “totally unique” and “the most famous bag of all time.”
The bidding started at 1 million euros but quickly increased, with telephone bidders fighting it out at the end. With Sotheby's fees included, the total price for the winning bidder from Japan was a cool 8.6 million euros, the auction house said.
From the starting price, bids rocketed past 2 million euros, then 3 million, 4 million and 5 million, to astonished gasps. When the price jumped from 5.5 million to 6 million euros in one swoop, there were whistles and applause.
The final bids were 6.2 million euros, then 6.5 million, then 6.8 million before the Japanese buyer’s last winning bid: 7 million euros.
Sotheby’s didn’t identify the buyer. Nine collectors bidding by telephone, online, and in the room competed in the 10-minute auction battle, with the private collector from Japan beating a last remaining other bidder at the end.
‘One of a kind’
Paris fashion house Hermès exclusively commissioned the bag for the London-born Birkin in 1984 — branding it with her initials J.B. on the front flap, below the lock — and delivered the finished one-of-a-kind bag to her the following year, Sotheby's said. The subsequent commercialized version of Birkin’s bag went on to become one of the world’s most exclusive luxury items, extravagantly priced and with a yearslong waiting list.
The bag was born of a fortuitous encounter on a London-bound flight in the 1980s with the then-head of Hermès, Jean-Louis Dumas. Birkin recounted in subsequent interviews that the pair got talking after she spilled some of her things on the cabin floor.
Birkin asked Dumas why Hermès didn’t make a bigger handbag and sketched out on an airplane vomit bag the sort of hold-all that she would like. He then had an example made for her and, flattered, she agreed when Hermès asked whether it could commercialize the bag in her name.
“There is no doubt that the Original Birkin bag is a true one-of-a-kind — a singular piece of fashion history that has grown into a pop culture phenomenon that signals luxury in the most refined way possible. It is incredible to think that a bag initially designed by Hermès as a practical accessory for Jane Birkin has become the most desirable bag in history," said Morgane Halimi, Sotheby’s head of handbags and fashion.
The bag became so famous that Birkin once mused before her death in 2023 at age 76 that her obituaries would likely “say, ‘Like the bag’ or something.”
The bag became so famous that Birkin once mused before her death in 2023 at age 76 that her obituaries would likely “say, ‘Like the bag’ or something.”
https://www.yahoo.com/entertainment/articles/jane-birkin-original-herm-bag-102704269.html
