Jailed tycoon's Birkin bags sell for over half a million dollars
The luxury handbags sold in a government auction in Ho Chi Minh.


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The luxury handbags sold in a government auction in Ho Chi Minh.

Luxury experts say aspirational luxury consumers are facing new pressures from inflation and a slowing job market, meaning fewer Birkin buyers at auction.

The ultra-rare Hermès Birkin, inspired by the 1960s-era French sex symbol Jane Birkin, could fetch twice its sticker price within five years.

Hermès artistic director Pierre-Alexis Dumas takes 60 Minutes into the fashion house's workshops and shares what it takes to make their coveted handbags.

The winning bid for the original Birkin bag set a record for the most valuable handbag ever sold at auction, Sotheby's said.

The original Birkin bag created by Hermès for Jane Birkin in 1984 is up for auction in Paris
Jane Birkin's original handbag, conceived after a chance encounter, has become one of the world's most coveted fashion accessories.

The original Hermès prototype for Jane Birkin's iconic bag will be sold at auction this summer. There is no estimate for how high the bidding may go.

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