RESULTS | Handbags & Accessories Autumn Auction Achieved HK$45,863,125 / US$5,942,915
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%
Hong Kong – 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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