Birkin Bag Sells for Six Figures

Kruse GWS Auctions, the world-record-breaking auction house specializing in entertainment memorabilia, fine jewelry, iconic fashion items and royal artifacts shattered yet another world record during their Luxury Jewelry, Timepieces and Handbags auction which was held Saturday, September 26, 2020 in Los Angeles. Founder and lead auctioneer of Kruse GWS Auctions, Dame Brigitte Kruse presided over the auction.

In a stunning round of fast and furious online bids from around the globe, Kruse GWS Auctions sold a Hermès Shiny Black Porosus Crocodile, 10.70ctw Diamond & White Gold Birkin Bag, never used, in box for a remarkable $287,500. This sale marked yet another world-record garnered by the auction house. Coveted for their rarity and craftsmanship, Birkin bags have also carved out a rare and lesser known niche, paving the way for luxury handbags as investments. Over the past 35 years, Birkins have at times out-performed both the value of Gold and the S&P 500 stocks. Since April of 2020, Dame Brigitte Kruse has sold more than $2,000,000 worth of handbags from the most sought-after luxury brands around the globe, including Hermès, Chanel, Gucci, Judith Leiber, Fendi, Valentino, MCM, Dolce & Gabbana, Christian Dior, Versace, Louis Vuitton, and more. Selling at $287,500, the Hermès Birkin bag secured the world-record for the highest sale every achieved for a Black Hermès Birkin handbag.