RM 1.8 MILLION HERMES CROCODILE KELLY HANDBAG SOLD FOR A SHOCKING RM 1.8 MILLION AT CHRISTIE'S HONG KONG AUCTION ON 27 NOVEMBER 2020! SO IF DATO SRI LIOW SOON HEE BOUGHT THIS BAG, WHO WILL HE GIVE TV TO? LUCKILY ANOTHER HERMES BAG CALLED BIRKIN HIMALAYA CROCODILE BAG SOLD FOR RM 1.6 MILLION! WELL OK, SO THE SECOND HERMES BAG WAS RM 200,000 CHEAPER BUT BOTH KELLY AND BIRKIN BAGS ARE 25 CM EACH. IMAGINE THIS ---- FOR RM 1.8 MILLION YOU COULD HAVE BOUGHT AN ENTIRE CRCOODILE FARM IN THAILAND OR INDONESIA OR EVEN AUSTRALIA! THEN AGAIN, DATO SRI LIOW SOON HEE HAS NOT ONE BUT 2 ROLLS-ROYCES PLUS A BENTL EY AND A DOZEN OTHER SUPER COOL CARS AND SPORTSCARS.

 



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, 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).”

 

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