(Hermes Birkin) sold World's most expensive bag for over $300,000

A Hermès Birkin handbag, described as the "rarest, most sought-after, most valuable" of its kind, by Christie's auction house broke records at a May 30 auction at its Hong Kong location.

The matte white Himalaya Niloticus Crocodile Diamond Birkin was sold for $300,108 which now makes it the most expensive handbag to sell at auction, topping last year's sale of a $220,000 bright pink crocodile skin handbag by Hermès, which also sold at Christie's in Hong Kong.