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The 10 million dollar bag: Original Birkin smashes records at Paris auction

The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58 million euros (10 million dollars) at a Sotheby's auction in Paris on Thursday, smashing previous price records for a handbag. The modern design classic, owned by a well-known Paris-based handbag collector, sparked a telephone bidding war up...

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Original Birkin bag up for auction at Sotheby's

The original Birkin bag, created in 1985 after Jane Birkin's encounter with Jean-Louis Dumas, is now at auction. This historic piece, representing the origin of the iconic Birkin, is featured in the Fashion Icons including The Original Birkin auction at Sotheby's Paris on July 10.

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Video: Why Birkin Bags are so expensive

Birkin bags have become the ultimate status symbol, commanding resale prices as high as 500,000 USD for a single bag. Unless you have been chosen by Hermès, resale is likely the only option for obtaining a bag. Luxury resellers like The Real Real in New York have many options available online if you have several thousand dollars lying around....

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