The original Le Birkin handbag, crafted by Hermès in 1985 for actress and singer Jane Birkin, sold for €8.5 million ($10 million) at Sotheby's Paris on July 10. The bag, which shows visible wear from decades of use, sparked a 10-minute bidding war among nine buyers and was purchased by a private collector from Japan. It broke records as the most valuable handbag ever sold at auction and the highest-selling fashion item in Europe.
Shinsuke Sakimoto, CEO of luxury reseller Valuence Holdings, revealed himself as the buyer of a Hermès Birkin bag that sold at Sotheby’s Paris for €8.6 million ($10 million). The handmade black leather bag, originally commissioned in 1984 for actress Jane Birkin by then-Hermès CEO Jean-Louis Dumas, had been in a private French collection since its last auction in 2000. Sakimoto, previously anonymous, told the Khaleej Times that winning the bag was a personal milestone and a defining moment for his company.