Hermes Birkin handbag sells for more than $377,000

Posted at 9:55 AM, May 31, 2017
and last updated 2017-05-31 11:23:46-04

(CNN NEWSOURCE) Someone has paid top dollar for a diamond-encrusted Hermes handbag.
The crocodile diamond Birkin 30 handbag features 18-karat white gold and diamond hardware.

Christie's sold it at auction Wednesday for more than $377,000.

That's a record for handbags.

Christie's estimates just one or two of these bags are made each year, and there's a six-year waiting list to buy a new one.

Christies says the bag was purchased by an unidentified buyer after 15 minutes of "intense" bidding.