Latest news with #OGBirkin
Mint
11-07-2025
- Business
- Mint
Gone in 10 minutes! OG Birkin bag sold for $10 million — Who bought it?
The first ever Birkin bag, the prototype for fashion's must-have accessory, was put up for auction on July 10 and was sold for a staggering 8.6 million euros ($10.1 million), including fees. The iconic handbag from the French luxury label Hermes gold sold at Sotheby's auction as part of the Paris Fashion Icon's sale, becoming the most expensive handbag ever sold at an auction. Now, the original Birkin bag, named after the actor, singer and fashion icon that Hermès created it for — the late Jane Birkin — is in a new league of its own. While Sotheby's didn't identify the buyer of the original Birkin bag, it did say that the Hermes bag went to an unidentified 'private collector' from Japan. As per Sotheby's, the buyer from Japan made the bid over phone. Since the OG Birkin was sold for $10 million dollars, the social media has gone into a detective mode trying to find out who this 'private collector' from Japan is. Some people said that the Japanese buyer of the Birkin bag 'has over 80 pieces - 30 of which are rare or exotic leather'. According to a report by Japan Times, the Birkin bag buyer is Valuence Japan, a luxury goods reseller based out of Tokyo. Valuence Japan, which specialises in the reuse business, is a key subsidiary of Valuence Holdings Inc. Established in 2011, the luxury reseller primarily buys, auctions and sells premium goods, precious metals, watches, bags, jewelry, antiques, art objects, and other valuable items both within Japan and internationally. Paris fashion house Hermès exclusively commissioned the bag for the London-born Birkin in 1984 — branding it with her initials J.B. on the front flap, below the lock — and delivered the finished one-of-a-kind bag to her the following year, Sotheby's said. As the auction for the original Birkin started, tension brewed in the room. The auction room buzzed with anticipation as the sale got underway, with the auctioneer reminding the crowd that the bag was 'totally unique' and 'the most famous bag of all time.' What came after was a 10-minute long intense session of bids, which started at 1 million euros, increasing as quickly as possible. From the starting price, bids rocketed past 2 million euros, then 3 million, 4 million and 5 million, to astonished gasps. When the price jumped from 5.5 million to 6 million euros in one swoop, there were whistles and applause. The final bids were 6.2 million euros, then 6.5 million, then 6.8 million before the Japanese buyer's last winning bid: 7 million euros. The bidding war was between nine collectors, with telephone bidders fighting it out at the end. The buyer from Japan got the ultimate bid, and the Birkin bag was sold for $10 million.
NDTV
11-07-2025
- Business
- NDTV
Who Bought 'The' Birkin For 10 Million Dollars?
The OG Birkin bag from the French luxury label Hermes was put up for auction on July 10. The luxury handbag was sold for $10.1 million at Sotheby's auction as part of the Paris Fashion Icon's sale. The Birkin has now become the most expensive handbag ever sold at an auction. Who Bought 'The' Birkin The first-ever Hermes bag went to an unidentified Japanese "private collector" after an intense bidding by nine candidates vying for the exclusive piece. According to Sotheby's, the "private collector" bid for the Birkin on the phone from Japan. Jane Birkin's original Birkin just sold at auction for €7M (€8.5M after fees) — millie (@milldealss) July 10, 2025 Since the Birkin sold for 10 million dollars, Social Media has gone into a meltdown trying to find out who the 'anonymous buyer' from Japan is. Some pointed out that the buyer apparently "has over 80 pieces - 30 of which are rare or exotic leather". A report on Japan Times said that Valuence Japan, a Tokyo-based luxury goods reseller, confirmed that it was the buyer. Valuence Japan is a key subsidiary of Valuence Holdings Inc., and was established in 2011 that specialises in the reuse business. The company primarily buys, auctions, and sells luxury brand goods, precious metals, watches, bags, jewelry, antiques, art objects, and other valuable items both within Japan and internationally. It also operates multiple retail stores in Japan, offering rare and one-of-a-kind pre-owned luxury items. It also runs online and offline auction platforms, including 'STAR BUYERS AUCTION,' which allows international participation. The original Birkin bag was made for British and French actress, singer and designer Jane Birkin. The Most Expensive Bag Ever Sold At An Auction As per Forbes, the Hermes handbag became the most expensive handbag ever sold at an auction. It went for $8.2 million before fees. Previously, the record for the most expensive handbag sold at an auction was set by a diamond-encrusted crocodile skin Hermes Kelly 28. It fetched $513,000 million at Christie's in Hong Kong in 2021. Two Auctions Before This Sotheby's official website claims that the original Hermes bag had been sold twice since Jane Birkin first auctioned it in 1994, with the proceeds going to an AIDS charity. The first-ever Birkin bag is saddle-stitched and comes in a jet black shade. It is made entirely of leather and consists of gold hardware, contributing to its extra dose of regal charm. The Story Of The First Birkin The OG Birkin, stuff of legends for four decades, was made as a pure 'utility' bag for actress Jane Birkin. About four decades ago, Jane Birkin and the then-head of Hermes, Jean-Louis Dumas, had a chance meeting on a Paris-London flight. Jane told Jean that she was unable to find a bag suited to the needs of a young mother, like her. The Birkin was sketched on an air-sickness bag, and the Dumas took it home to create the world's most famous handbag. That's how the Hermes bag was born in 1984, with enough room to keep even baby bottles. The Birkin Isn't For Everyone The Hermes bag, produced in limited numbers, has maintained an aura of exclusivity. The accessory is loved by celebrities such as Victoria Beckham, Jennifer Lopez and the Kardashians. Sotheby's global head of handbags, Morgane Halimi, explained what the Birkin bag means in the fashion universe. She said, "There are rare moments in the world of fashion when an object transcends trends and becomes a legend. Jane Birkin's Original Birkin bag is such a moment."
