An Hermes Birkin bag that sold for more than $200,000 Monday set the record for the most expensive handbag ever purchased at an auction. But what made it worth so much?
"Because it was fuchsia?" ABC anchor George Stephanopoulos joked.
We appreciate the guess but think it might be the 18K white gold and diamond hardware and its Porosus Crocodile skin material. This purse sold for $222,942.
The bag was bought by an unknown telephone bidder and was sold at Christie's in Hong Kong.
The previous record was set at a U.S. auction in 2011 when a red crocodile-skinned Birkin bag went for $203,150.
But for that most recent record-breaker, $222,942 could buy ... a lot.
You could get about 743 Michael Kors handbags, 260 Louis Vuitton red pumps or roughly 22 Apple Watches with the 18-karat yellow gold case and black sport band. Yeesh.
The Telegraph predicts this fuchsia bag won't hold the record for long, though. Christie's told the outlet a black version of the same bag is up for auction Monday.
And for all of you worried this purse won't make it safely to the buyer, have no fear. Forbes reports it will be delivered by a Brink's truck.
