![]() In 2020, prices started at US$11,000 for regular leather and have reached up to US$380,000 ( HK$2.94 million) when a bag made of exotic skin and diamond was sold at auction by Christie's in Hong Kong for a record price in May 2017. The bag's value is a matter of its intentionally high price, which has led to its being described as a Veblen good. Birkins are a popular item with handbag collectors, and were once seen as the rarest handbag in the world. The bag quickly became a symbol of wealth and exclusivity due to its high price and assumed long waiting lists. Birkin bags are handmade from leather and are named after the English actress and singer Jane Birkin. ![]() The Birkin bag (or simply, Birkin) is a line of tote bag, introduced in 1984 by the French luxury goods maker Hermès. Birkin bag made from calf leather that has been dyed pink
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