Hermès' Handbag Could Break Record Price For Diamond Birkin

BEVERLY HILLS (CBSLA.com) — A Hermès handbag could break the world's record price for a diamond Birkin when it goes up for sale during a public auction next week.

That's according to the auction house, Heritage Auctions.

Current online bidding for the Himalayan Nilo Crocodile Birkin bag, which is adorned with 18-karat white gold hardware, is already at $137,000, Heritage Auctions said in a news release.

The bag will be sold at an auction next Tuesday in Beverly Hills along with hundreds of other handbags from top designers.

"This bag is so rare and sought-after that there's a very good chance it could meet or exceed the world record price we saw three years ago," said Kathleen Guzman, a Managing Director at Heritage Auctions.

She added, "This is the only time that a bag of this caliber has appeared on the luxury re-sale market. This is a dream piece for the collection of true Hermes aficionados."

Auctioneers believe the bag's price could surpass the 2011 sale of a diamond Birkin for $203,150.