If anything, Dubai is the zenith of luxury. The most expensive this and that can be found in the emirate where Ferraris and Lamborghinis are a dime a dozen. It is now also home to one of the most expensive handbags in the world.
Dubai store, The Luxury Closet is now carrying the Hermes Red Porosus Crocodile 18K white gold and diamond encrusted Birkin 35 bag. This handbag is part of the most exclusive and expensive bag collections in the world.
Custom made with diamonds, this Birkin model is the most expensive version in the Birkin range. It is usually sold to top Hermes clients and then resold in auctions only; however, the seller has decided to give it to The Luxury Closet rather than, for example, to Christies Auctions.
It is unique in the region.
Its 18K white gold and diamond clasp and magnificent crocodile skin make an extraordinary combination of these most opulent materials. The cadena lock alone is comprised of 68.4 grams of 18-karat white gold and encrusted with 40 white round brilliant diamonds, totaling 1.64 carats.
This piece is definitely a collectible to invest in! It takes about 18 hours to craft this beauty. The Luxury Closet is retailing this handbag for 500,000 AED.
Birkin are the only bags today to have increased in value by 500% in the past 35 years. The Luxury Closet experts estimate Birkin bags appreciate every year at a similar rate to that of gold! This is not only a collector’s piece, but also an amazing investment.