Most Expensive Handbag Sets World Record In Hong Kong.

A Himalayan Niloticus Crocodile Diamond Birkin Handbag by Hermes became the world's most expensive handbag selling for over 300,000 US dollars at Christies' 30th Asia anniversary auction in Hong Kong.

Christie's senior Asia Vice President of Handbags and Accessories, Matthew Rubinger, said the bag went to a private collector but could not disclose who the buyer was or where they were from.

Rubinger said the piece, boasting solid white gold hardware with 10-carats of diamonds, was a masterpiece.

Rubinger added that only one or two Himalaya diamond pieces are produced by Hermes each year, hence why they are so valuable.

Christie's will hold its spring auction in Hong Kong from may 27 to June 1 and will be selling items from fine wines to contemporary art and ancient ceramics to accessories.