NEW YORK – Christie’s is thrilled to announce the outstanding results of Handbags Online: The New York Edit, totalling $4,114,782, the highest value realized for a handbag sale in the Americas. The auction was 94% sold by lot and 140% by low estimate, nine lots sold for more than 100,000, an all-time high for an online auction.

“The success of our latest auction speaks to the enduring status of exceptionally well-crafted handbags as both extremely valuable assets and ultra-desirable personal luxuries. Our record-breaking result is fresh proof that these collectible handbags are worthwhile assets to invest in, and that our overall market, which continues to see expansive growth, is strong. In a time when so many fashion forecasters have stressed the growing trend of quiet luxury, our bidders have demonstrated a renewed appetite for luxury with a capital L. From diamond-encrusted Birkins to colorful leather Marquetry to eye-catching white Alligator skin, our collectors sought out handbags as exuberant as they were exquisite, in iconic styles whose values have stood the test of time.” -Paige Rubin, Head of Sale, Handbags, Americas

The sale featured a selection of handbags curated by Rebag, including the top lot of the sale—an Hermès Barenia Leather Perspective Cavalière Kellywood With Palladium Hardware, which realized $176,400. This sale marked the model’s first appearance in the American auction market and a world-record price for this model at auction. The sale also featured both of the newest and rarest examples of Hermès Faubourg Birkins: A Neige Faubourg Birkin 20 and a Minuit Faubourg Birkin 20, both of which realized $151,200. Another favourite of serious collectors and a highlight of the sale was a stunning and rare Matte White Niloticus Crocodile Himalaya Birkin 30 with Palladium Hardware, which realized $151,200.

Many lots sold for well over their low estimates, including a Limited Edition Toile & Black Swift Leather Cargo Hac Birkin 40 With Palladium Hardware, which realized $40,320, and a Couture Maroquinerie White Niloticus Crocodile Himalaya Lady Dior Bag With Silver & Crystal Hardware, which realized $21,420. Both sold for more than 400% of their low estimates.