RESULTS | Handbags & Accessories Autumn Auction Sale Total: HK$43,127,500/US$5,537,401
Hong Kong – On 28 November 2018 Christie’s Handbags & Accessories auction totaled HK$43,127,500/US$5,537,401 with a very robust sell-through rate of 92% by lot and 95% by value. Almost 50% of the lots were sold beyond high estimates. The dynamic saleroom attracted animated bidding from 20 countries across 5 continents via all sale channels.
Top lot of the sale was A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 28 WITH PALLADIUM HARDWARE, HERMÈS, 2015 (shown above), achieved HK$1,625,000/US$208,644, more than doubling its low estimate of HK$600,000/US$77,038.
Lots that were sold more than tripling their low estimates included A LIMITED EDITION MULTICOLOR SWIFT LEATHER ONE TWO THREE & AWAY WE GO BIRKIN 25 WITH PALLADIUM HARDWARE, HERMÈS, 2018 (shown left), sold HK$350,000/US$44,939 against its low estimate of HK$100,000/US$12,840; A RARE ROSE SAKURA SWIFT LEATHER QUELLE IDOLE WITH PALLADIUM HARDWARE, SOGO HONG KONG 2010 LIMITED EDITION, HERMÈS, 2010 (shown right), realized HK$375,000/US$48,149 against its low estimate of HK$70,000/US$8,988.
Other notable results included A RARE, SHINY OMBRÉ SALVATOR LIZARD BIRKIN 25 WITH GOLD HARDWARE, HERMÈS, 2007 (shown left), fetched HK$475,000/US$60,988, soaring beyond its low estimate of HK$180,000/US$23,111; A SHINY BLACK POROSUS CROCODILE SELLIER MINI KELLY 20 WITH GOLD HARDWARE, HERMÈS, 1994 (shown right), realized HK$437,500/US$56,173, more than doubling its low estimate of HK$150,000/US$19,259.
Lots that were sold doubling their low estimates included A LIMITED EDITION MULTICOLOR ROOSTER FEATHER, SHINY BLEU IZMIR ALLIGATOR & STERLING SILVER STROMBOLI Á PLUMES, HERMÈS, 2016 (shown left), achieved HK$200,000/US$25,679 against its low estimate of HK$100,000/US$12,840; A LIMITED EDITION MULTICOLOR SWIFT LEATHER ON A SUMMER DAY CONSTANCE 24 WITH PALLADIUM HARDWARE BY NIGEL PEAKE, HERMÈS, 2017 (shown right), sold HK$ 125,000/US$16,050 against its low estimate of HK$60,000/US$7,704.
Winsy Tsang, Head of Sale, Handbags & Accessories, Asia, commented, “We are pleased to see very intense global competition this season not only for the holy-grail Himalaya Kelly but also for limited edition and vintage bags, with half of the lots sold above their high estimates. These remarkable results demonstrate the strong knowledge of the market and the diverse appetite for collectible handbags, particularly in Asia. We look forward to continuing this great momentum with our online sale happening now and also at the live auction in London next month.”
