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Rs 85,75,00,000: This Is How Much A Bag Cost At Paris Auction

Rs 85,75,00,000: This Is How Much A Bag Cost At Paris Auction

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The modern design classic sparked a telephone bidding war up to seven million euros, with the final sale price set at Rs 85.75 crore with commission and fees.

France:

The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58 million euros ($10 million) at a Sotheby's auction in Paris on Thursday, smashing previous price records for a handbag. 

The modern design classic, owned by a Paris-based handbag collector, sparked a telephone bidding war up to seven million euros, with the final sale price set at 8.58 million with commission and fees, the Sotheby's website showed.

"After weeks of anticipation, the bidding opened at 1 million euros — prompting a gasp from the room," Sotheby's said in a statement. 

The final buyer, who eclipsed eight other rivals, was a "private collector from Japan", the auction house added, without giving further details. 

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