World most expensive hand bag been sold in Hong Kong

A diamond-encrusted crocodile-skin Hermes handbag with white gold details has broken the record for the world’s most expensive ever sold at auction, fetching nearly USD380,000 at a Hong Kong sale.

The rare Himalaya Niloticus Crocodile Diamond Birkin 30 went to an unknown phone bidder Wednesday for HKD2.94 million after intense bidding, a spokeswoman for auction house Christie’s told AFP.

Only one or two Diamond Himalayas are created each year globally, making it one of the rarest production runs for handbags, according to Christie’s.