Original Hermès Birkin Sells for Staggering $10 Million USD
The ultimate symbol of luxury and an icon born from a serendipitous airplane encounter,Jane Birkin's originalHermèsbag has sold at auction for an astounding $10.1 million (8.6 million euros), including fees. The sale, conducted by Sotheby's in Paris, has shattered previous records, making it the most expensive handbag ever sold at auction and the second most valuable fashion item in auction history.
The prototype, famously sketched out on an air sickness bag by Birkin during a 1981 flight with then-Hermès head Jean-Louis Dumas, was handcrafted for her in 1984 and delivered in 1985. Birkin used the battered black leather bag daily until 1994, even adorning it with stickers from Médecins du Monde and UNICEF, and incorporating practical details like a nail clipper. These personal touches and its unique origins distinguish it from all subsequent commercial Birkin bags, which became a global symbol of exclusivity and high fashion.
The 10-minute bidding war saw nine collectors vying for the piece, with a private collector from Japan ultimately securing the legendary bag. Its sale price eclipses the previous record for a handbag, a diamond and crocodile Kelly bag that sold for $513,040 USD in 2021, and far surpasses a white-diamond Himalaya Birkin that fetched $450,000 USD in 2022. Before the bidding, auctioneer Aurélie Vandevoorde said, 'Today, the Birkin has become a veritable fashion icon,' calling it 'the most famous bag of all time.'
Sotheby's Global Head of Handbags and Fashion, Morgane Halimi, called the sale 'an important milestone,' stating, 'It is incredible to think that a bag initially designed by Hermès as a practical accessory for Jane Birkin, has become the most desirable bag in history.' The staggering price reflects not only the bag's rarity and provenance but also its deep cultural significance as a piece of fashion history intertwined with the life of its muse, Jane Birkin, who passed away in 2023.
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SMIC has also manufactured 7 nm chips for Huawei's Mate 60 is the second-largest importer of semiconductors from is the second-largest importer of electronics, integrated circuits, and memory chips worldwide. This is primarily due to the country's robust electronics sector, digitalization, and the lack of large-scale domestic semiconductor manufacturing. In 2024, imports of electronic integrated circuits from China alone reached USD 6.1 million. These components are essential in the automotive sector for advanced features such as infotainment, ADAS, telematics, and digital instrument clusters, which require significant memory and processing power. The Indian market for advanced automotive features is rapidly growing, driven by rising consumer demand for connectivity, safety, and adoption of EVs and connected cars is accelerating, supported by government initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. Investment in India's electronics and semiconductor ecosystem is also on the rise, with both domestic and international companies expanding production and R&D. The government has launched incentive programs such as the Production-Linked Incentive (PLI) scheme for electronics manufacturing, further increasing demand for imported memory and integrated circuits as local supply struggles to keep pace. Recent examples include automakers like Tata Motors and Mahindra integrating more sophisticated electronics into their latest models, reflecting the broader trend of technology-driven growth in India's automotive and electronics Coverage:The report provides an in-depth analysis of the China semiconductor market for automotive, focusing on various types, including microcontrollers, power semiconductors, sensors & MEMS devices, memory chips, and analog & mixed-signal integrated circuits. It examines export trends, the impact of trade policies and restrictions, and the diversification of the semiconductor industry away from China. The report also explores alternative manufacturing destinations, offering a comparative analysis of these locations, along with the challenges and strategies associated with the the report assesses the effects of the global automotive sector on the semiconductor market and presents a future outlook. It includes detailed information about the major factors driving growth in China's semiconductor market. A thorough analysis of key industry players provides insights into their business overviews, product offerings, key strategies, contracts, partnerships, agreements, new product launches, mergers, and report provides insights into the following points: Analysis of critical drivers (increased domestic investments in semiconductors), restraints (shortage of manufacturing facilities for 12 mm machines), opportunities (substantial investments by < 12-inch wafer manufacturers), and challenges (technological gap) influencing the growth of the China semiconductor market for automotive Product Development/Innovation: Detailed insights into upcoming technologies and new products launched in the China semiconductor market for automotive Market Development: Comprehensive market information - the report analyses the authentication and brand protection market across Chinese countries Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the China semiconductor market for automotive Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as SMIC, GigaDevice Semiconductor Inc., Novosense Microelectronics, Silan Microelectronics, and HiSilicon Key Attributes: Report Attribute Details No. of Pages 104 Forecast Period 2020 - 2024 Estimated Market Value (USD) in 2020 $280.81 Billion Forecasted Market Value (USD) by 2024 $419.15 Billion Compound Annual Growth Rate 8.9% Regions Covered China, Global Key Topics Covered: 1 Introduction1.1 Global Automotive Semiconductor Industry Overview1.2 Historical Development of China Automotive Semiconductor Industry1.3 Key Factors Driving Industry Shift from China1.3.1 Regulatory Factors1.3.1.1 Restrictive Controls by Us Government1.3.1.2 Chips Act and Other Global Legislation1.3.1.3 National Security Concerns1.3.2 Geopolitical Factors1.3.2.1 Taiwan Strait Tensions1.3.2.2 Russia-Ukraine War1.3.2.3 Technology Alliances1.3.2.4 Technology Limitations1.3.3 Economic and Supply Chain Factors1.3.3.1 Rising Manufacturing Costs in China1.3.3.2 Incentives from Alternative Locations1.3.4 Challenges1.3.4.1 Dependency on Foreign Ip & Architecture and Gaps in Certification1.3.4.2 Heavy Reliance on Imported Semiconductor Manufacturing Equipment2 China Automotive Semiconductor Industry2.1 Current State of China's Automotive Semiconductors2.1.1 Microcontrollers2.1.1.1 Key Manufacturers, Core Competencies, and Production Capacities2.1.1.2 Future Roadmap2.1.2 Power Semiconductors2.1.3 Sensors & Mems2.1.4 Memory Chips2.1.5 Analog & Mixed-Signal Integrated Circuits2.2 Market Value Assessment3 Key Players in China Automotive Semiconductor Industry3.1 Domestic Manufacturers3.1.1 SMIC3.1.1.1 Overview3.1.1.2 Recent Financials3.1.1.3 Production Plants and Capacity3.1.1.4 Future Strategy3.1.2 Gigadevice3.1.3 Novosense Microelectronics3.1.4 Silan Microelectronics3.1.5 Hisilicon3.1.6 Hua Hong Semiconductor Limited3.1.7 Byd Semiconductor3.1.8 Nexperia3.1.9 Changxin Memory Technologies3.1.10 Yangtze Memory Technologies Corp3.1.11 Goertek Microelectronics Inc.3.1.12 China Resources Microelectronics Limited3.1.13 Hesai Technology3.2 Global Manufacturers in China3.2.1 Nxp Semiconductors3.2.2 Infineon Technologies3.2.3 Stmicroelectronics3.2.4 Texas Instruments3.2.5 Renesas Electronics Corporation3.3 Joint Ventures and Strategic Partnerships4 Export Analysis of China's Automotive Semiconductors4.1 Key Export Product Categories4.2 Global Semiconductor Exports4.3 Exports from China5 Diversification of China Automotive Semiconductor Industry5.1 Geopolitical Factors5.1.1 US-China Trade Tensions5.1.1.1 US-China Tariffs5.1.1.2 Diversification Strategies5.1.2 Technology Export Controls5.1.2.1 Us & Chinese Technology Export Controls5.1.2.2 Impact of Export Controls5.1.3 National Security Concerns5.2 Supply Chain Resilience Strategies5.2.1 Knowledge Gained from COVID-19 Pandemic5.2.1.1 Realization by China After COVID-195.2.1.2 Impact on Global Players5.2.1.3 Shift from Jit to Strategic Resilience5.3 Economic Factors5.3.1 Rising Manufacturing Costs in China5.3.1.1 Cost Comparison5.3.1.2 Bill of Materials5.3.2 Incentive Programs in Alternative Locations5.4 Impact on Global Automotive Industry5.4.1 Effects on Automotive Production Costs5.4.2 Supply Chain Reliability and Resilience5.4.3 Regional Manufacturing Clusters5.4.4 Technology Development and Innovation Patterns6 Alternative Manufacturing Destinations6.1 Overview6.2 Comparative Analysis of Alternative Manufacturing Locations6.2.1 Ranking as Alternatives to China6.3 Technology Dominance, by Country/Region6.4 Southeast Asia6.4.1 Malaysia6.4.1.1 Government Incentives and Support6.4.1.2 Key Diversifications6.4.1.3 Challenges6.4.2 Vietnam6.4.3 Thailand6.4.4 Singapore6.4.5 South Korea6.4.6 Taiwan6.5 North America6.6 Europe6.7 India7 Future Outlook and Recommendations7.1 Projected Industry Shifts, 2025-20307.2 Technology Roadmap7.3 Strategic Recommendations for Industry Stakeholders7.3.1 Diversification7.3.2 Technology7.3.3 Supply ChainFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Chinese Semiconductor Market for Automotive CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
