Record $243,000 handbag under the hammer

By: FE Online | Updated: Tue May 31 2016, 2:53 pm

A rare diamond-encrusted Himalayan crocodile skin handbag sells for the hammer price of $243,000 in Hong Kong on Monday, setting the record for the world's most expensive handbag ever sold. Reuters' Tara Joseph reports on how luxury auction trends are shifting in this Asian fashion enclave.