The auction, which sold 76 luxury handbags, was the largest ever held by a single owner on Asia's auction market.
“This season, we were privileged to present a singular collection of handbags acquired by Joseph Lau across two decades, within it, telling the history of handbags and fashion itself. Asia has undoubtedly been a major driving force for the luxury market in recent times, with results for handbags, borne out by the strong prices for limited editions establishing multiple new records and benchmarks,” Morgane Halimi, Sotheby’s global head of handbags and accessories, said in a statement.
Lau has been a long-time collector of the iconic handbags and reportedly still has over 1,000 in his collection. Indeed, thetycoon has been known to collect across a range of categories. In 2015, he broke a record when he bought a 12-karat blue diamond for $52.9 million. He also owns a fine art collection highlighted by Pop artists such as Jean Michel Basquiat and Andy Warhol.
As for Hermès, it’s been a good week all around. Not only are its iconic bags proving their grail status in the auction market, yesterdayin its fight against an artist who was selling NFTs of the bags, which he dubbed “MetaBirkins.” A court ruled that the artist, Mason Rothschild, must now pay the brand $133,000 for the violation and cease production of the NFTs.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘I’m Part of the Solution’: Bill Gates Says He’ll Keep Flying on Private Jets Despite Climate ChangeIn a new BBC interview, the billionaire philanthropist fired back at those questioning his carbon footprint. 'I'm part of the solution.'
Read more »
Billionaire Stephen Ross: New Yorkers will keep moving to Fla. over taxes, crime“People are looking from the Northeast and relocating for jobs — not retirement — and companies are looking [for office space],” Stephen Ross said.
Read more »
Billionaire Israel Englander bilked ex-wife out of billions in divorce: suitBillionaire Israel Englander allegedly “terrorized” his estranged wife and her new gallerist girlfriend to bilk her of billions in their divorce settlement.
Read more »
The Atlanta Billionaire Behind Goldman’s Latest Consumer-Lending PushDavid Zalik co-founded lender GreenSky, which Goldman Sachs bought last year and is betting on to shore up its consumer business.
Read more »
Forbes Daily: Billionaire Peltz Calls Off Disney Proxy FightInside this issue of Forbes Daily: - Why Rihanna won't make a dime off the Super Bowl halftime show - What we know about the billionaire Eagles owner - Is there a reliable way to predict a recession by lcs_smythe
Read more »
Forbes Daily: Billionaire Peltz Calls Off Disney Proxy FightInside this issue of Forbes Daily: - Why Rihanna won't make a dime off the Super Bowl halftime show - What we know about the billionaire Eagles owner - Is there a reliable way to predict a recession by lcs_smythe
Read more »