Greenwich Luxury Auctions to host $10M sale of 200 Hermes handbags

Luxury purses will be more than a fashion statement on March 5 when Greenwich Luxury Auctions welcomes fashionista investors to a $10 million sale of more than 200 Hermes handbags.

The auction, to be held at The J House at 1114 E. Putnam Ave. in Greenwich, is being billed as “the largest, most important sale of Hermes handbags ever seen.” Greenwich Luxury Auctions”™ promotion of the event also promised that “the vast majority of the items are store-fresh and offered with the original sales receipt.”

The product lineup includes the Hermes lines of Birkin, Kelly and Constance bags, which the auction company insisted “are top-tier investments, with even pre-owned examples offering better returns than gold or the stock market.” Among the items on the auction block are the Sterling Silver Mini Kelly bag and the Himalayan White Crocodile 35 Birkin, which are both being presented with estimated prices between $200,000 and $300,000.

For those who are unable to make it for the auction, bidding will be available by telephone and online.