News 13 june — 17:09

Ten-year-old Hermes Birkin handbag sells for £162,500

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A second-hand Hermes Birkin bag has sold for £162,500 ($217,144) in London, a new European record for the most expensive handbag sold at auction, BBC reports.

The 2008 Himalaya Birkin, with an 18-carat white gold diamond encrusted lock, exceeded its list price of £100,000 - £150,000 on Tuesday.

The record for a bag sold at auction - also a Hermes Birkin - is £253,700 ($380,000), set in Hong Kong in 2017.

It is the "undisputed most valuable bag in the world," Christie's said.

It was first time the bag had been offered in a European auction, said Matthew Rubinger, international director at the auctioneers.

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