Christie s luxury market report
The Most Expensive Handbag Sold at Auction: A Rare, Matte White Himalaya Niloticus Crocodile Retourné Kelly 25 with Palladium Hardware Hermès, 2019 Grade: 1. Price Realized (USD$) 437,555. © Christie s Images Ltd 2020.
NEW YORK
.- There has been an accelerated shift to online sales with a 41% increase in luxury lots sold in online auctions; 82% increase in the number of luxury online sales, and a 205% increase in the value of online luxury sales YoY.
Performance has been strong across all categories with an 87% overall sell-through for the portfolio; 136 records were set and 53 lots achieved over $1million. The year included multiple white-glove sales with 100% sell-throughs including A Wonderful Domaine de la Romanée-Conti Collection (December 5, Hong Kong); and Handbags Online: The London Edition (June 25, London).
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Christie s Handbags & Accessories Online: The New York Edition totals $2.38 million
A highly sought-after limited edition Ébène Faubourg Birkin 20 that sold for $125,000. © Christie s Images Ltd 2020.
NEW YORK, NY
.-Christies New York Handbags & Accessories Online achieved a total $2,380,625 with 94% sold by lot, 100% sold by value, and 140% hammer above low estimate. There was global participation from 31 countries with 39% new registrants.
The top lot of the sale was an extremely rare Hermès Diamond Himalaya Birkin 35 that sold for $212,500.
Other top lots included a highly sought-after limited edition Ébène Faubourg Birkin 20 that sold for $125,000; a limited edition matte black alligator So Black Birkin 35 that realized $68,750; delightful Mini Picnic Kelly 20 II that achieved $52,500.