A Handbag? For $380k, It’s Yours

May 31, 2017 by

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 US$380,000 at a Hong Kong sale. The rare Himalaya Niloticus Crocodile Diamond Birkin 30 went to an unknown phone bidder Wednesday for HK$2.94 million after intense bidding, a spokeswoman for auction … Read more

Hermes Reports Record Annual Profits

March 22, 2017 by

Luxury goods group Hermes has reported record profits for 2016, boosted by sales of its handbags. The French company, best known for its £8,000 Birkin bags and £300 silk scarves, posted a 13% rise in profits to 1.1bn euros (£952m). Chief executive Axel Dumas said Hermes did “better than expected” last year and was entering … Read more