CHRISTIE'S HONG KONG JUST SOLD A HERMES HIMALAYA CROCODILE KELLY HANDBAG FOR A STAGGERING RM 1.8 MILLION AND ITS COUSIN A HIMALAYA CRCODILE BIRKIN BAG FOR RM 1.6 MILLION! BOTH ARE ONLY 25 CM LONG AND FOR A COMBINED RM 3.4 MILLION YOU CAN BUY A BIG CROCODILE FARM WITH THOUSANDS OF CROCODILES IN THAILAND, INDONESIA OR EVEN AUSTRALIA! WALAO EH! COME TO THINK ABOUT IT, YOU CAN ACTUALLY BUY AN ENTIRE CROCODILE FARM FOR THE PRICE OF JUST ONE OF THESE 2 BAGS!
DATOKEEHUACHEE@GMAIL.COM
THE CHRISTIE'S HANDBAGS & ACCESSORIES AUTUMN AUCTION ACHIEVED HK$45,863,125 / US$5,942,915
Christie’s Market Leadership in Handbag Auctions Continues with Two Consecutive Records Set INCLUDING THE MOST EXPENSIVE HANDBAG SOLD AT AUCTION
Sale Totals Achieved Over Double The Pre-Sale Low Estimate 81% of Lots Surpassed Pre-Sale High Estimate
25% of Lots Bought by New-to-Christie’s Buyers
Sold by Lot 96% | Sold by Value 98%
TOP LOT OF THE SALE WORLD RECORD FOR ANY HANDBAG SOLD AT AUCTION A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE HERMÈS, 2019
Price Realised: HK$3,375,000/ US$437,330 Over 4 times above pre-sale high estimate of HK$800,000/ US$103,663
2 nd TOP LOT OF THE SALE A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE BIRKIN 25 WITH PALLADIUM HARDWARE HERMÈS, 2016
On 27 November, the Handbags & Accessories auction totalled HK$45,863,125 / US$5,942,915, with sell-through rates of 96% sold by lot and 98% sold by value.
A world auction record was achieved by the top lot: A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE, HERMÈS, 2019, which sold for HK$3,375,000/ US$437,330.
This was complemented by the result of the 2nd top lot of the sale - A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE BIRKIN 25 WITH PALLADIUM HARDWARE, HERMÈS, 2016, which sold for HK$3,000,000/ US$388,738.
Both lots broke the previous world auction record set by Christie’s Hong Kong in Autumn 2017.
Winsy Tsang, Vice President & Head of Sale, Handbags & Accessories, Christie’s Asia Pacific, commented “We are thrilled to kick off the Hong Kong Autumn Auctions season by setting numerous new records during the course of the sale, including both Hermès Himalaya lots selling for HK$3 million and higher.
"These exceptional results and new price benchmarks reaffirm our continued market leadership. The sale drew wide participation and intense bidding by collectors from 15 countries across 4 continents via all sale channels. These phenomenal results are a testament to a robust market and an ever-growing appetite for rare and desirable designs.
"We look forward to continuing this strong buying momentum in the Handbags & Accessories Online: The New York Edition (24 November - 10 December).”
Other top performing lots include:
A RARE, MATTE BLEU MARINE ALLIGATOR, DEEP BLUE MADAM, ORANGE H SWIFT, BLEU INDIGO & BLEU OBSCUR SOMBRERO, CRAIE EPSOM LEATHER FAUBOURG SELLIER BIRKIN 20 WITH PALLADIUM HARDWARE HERMÈS, 2020
HANDBAGS & ACCESSORIES AUTUMN AUCTION
ACHIEVED HK$45,863,125 / US$5,942,915
Christie’s Market Leadership in Handbag Auctions Continues with Two Consecutive Records Set
INCLUDING THE MOST EXPENSIVE HANDBAG SOLD AT AUCTION
A HERMÈS HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 25
HK$3,375,000/ US$437,330
Sale Totals Achieved Over Double The Pre-Sale Low Estimate
81% of Lots Surpassed Pre-Sale High Estimate
25% of Lots Bought by New-to-Christie’s Buyers
Sold by Lot 96% | Sold by Value 98%
On 27 November 2020, the Handbags & Accessories auction totalled HK$45,863,125 / US$5,942,915, with sell-through rates of 96% sold by lot and 98% sold by value.
A world auction record was achieved by the top lot: A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE, HERMÈS, 2019, which sold for HK$3,375,000/ US$437,330.
This was complemented by the result of the 2nd top lot of the sale - A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE BIRKIN 25 WITH PALLADIUM HARDWARE, HERMÈS, 2016, which sold for HK$3,000,000/ US$388,738. Both lots broke the previous world auction record set by Christie’s Hong Kong in Autumn 2017.
Winsy Tsang, Vice President & Head of Sale, Handbags & Accessories, Christie’s Asia Pacific, commented “We are thrilled to kick off the Hong Kong Autumn Auctions season by setting numerous new records during the course of the sale, including both Hermès Himalaya lots selling for HK$3 million and higher.
These exceptional results and new price benchmarks reaffirm our continued market leadership. The sale drew wide participation and intense bidding by collectors from 15 countries across 4 continents via all sale channels.
These phenomenal results are a testament to a robust market and an ever-growing appetite for rare and desirable designs. We look forward to continuing this strong buying momentum in the Handbags & Accessories Online: The New York Edition (24 November - 10 December).”
About Christie’s
Christie’s, the world's leading art business, had auction sales in 2019 that totalled £4.5 billion / $5.8 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise.
Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more.
Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.
Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.
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