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  • Press release
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  • Hong Kong
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  • For immediate release
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  • 27 November 2020

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

Including The Most Expensive Handbag Sold At Auction

A Hermès HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 25 HK$3,375,000/ US$437,330

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%

TOP LOT OF THE SALEWORLD RECORD FOR ANY HANDBAG SOLD AT AUCTIONA RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉKELLY 25 WITH PALLADIUM HARDWAREHERMÈS, 2019Price Realised: HK$3,375,000/ US$437,330Over 4 times above pre-sale high estimate of HK$800,000/ US$103,663

TOP LOT OF THE SALE

WORLD RECORD FOR ANY HANDBAG SOLD AT AUCTION

A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ

KELLY 25 WITH PALLADIUM HARDWARE

HERMÈS, 2019

Price Realised: HK$3,375,000/ US$437,330

Over 4 times above pre-sale high estimate of HK$800,000/ US$103,663

2nd TOP LOT OF THE SALEA RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILEBIRKIN 25 WITH PALLADIUM HARDWAREHERMÈS, 2016Price Realised: HK$3,000,000/ US$388,738Over 3 times above pre-sale high estimate of HK$800,000/ US$103,663

2nd TOP LOT OF THE SALE

A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE

BIRKIN 25 WITH PALLADIUM HARDWARE

HERMÈS, 2016

Price Realised: HK$3,000,000/ US$388,738

Over 3 times above pre-sale high estimate of HK$800,000/ US$103,663

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).”

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvator Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons’ Rabbit, 2019). Christie's is also recognised as a reference for prestigious single owner collections, having auctioned 8 of the 10 most important collections in history.

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including use of hologram technology to tour life-size 3D objects around the world, and the the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.