
The news that a rare Himalaya Niloticus crocodile diamond Hermès Birkin sold earlier this week for more than $300,000 astonished the auction market. We don't know anything about the anonymous bidder who won this item--whether he or she bought it purely as an investment (not such a bad idea, as these bags appreciate far more impressively than many other ventures) or if it will actually swing soon from a swanky wrist. But there was another auction in the recent past, one that got far less press: ...
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