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World auction handbag record for a red crocodile Hermes Diamond Birkin handbag

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DALLAS.- This undated photo provided by Heritage Auctions shows a red crocodile Hermes Diamond Birkin handbag that sold for $203,150 in 2011, setting a world auction handbag record, previously held by a black crocodile Birkin sold at Christie’s in 2009 for $82,100.The status handbag market is driven by celebrity trendsetters and now some big auction houses are getting in on the act. They say it’s a new and growing category that’s attracting sellers and buyers from around the world. AP Photo/Heritage Auctions.

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