A Hermès Himalayan Birkin is expected to break all previous auction records for handbags when it goes on sale at Christie’s Hong Kong on May 30.
Called “the most desirable handbag in the world,” the 30-centimeter Himalayan Birkin is rarely manufactured since it requires a type of rare Niloticus crocodile hide that is unblemished and almost albino in color—supposedly recalling the snows of the Himalayas. Findings are white gold, set with 245 diamonds adding up to about 10 carats.
Brand new, it probably sold for about $300,000.
The previous auction record was set last year by another Hermès handbag sold at Christie’s Hong Kong, when a fuchsia Porosus crocodile Birkin bag with a diamond-studded gold clasp went to an anonymous bidder for HK$1.72 million (roughly $221,800 at 2015 exchange rates).
Prior to that, the record was—you guessed it!—a crocodile Birkin with a diamond-studded clasp, which sold in 2011 for $203,150.