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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

Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting Private Sales for clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.