The $222,000 Hermès Birkin Handbag that Started an Auction Frenzy

Originally published in the August 2015 issue of Robb Report Collection as “Money Bags.”

Handbags by Hermès, Chanel, and the like have always been coveted, but only recently have they evolved into an elite auction category. The credit goes to a three-person team at Heritage Auctions in Dallas that included Caitlin Donovan. Over the course of four years, the trio racked up impressive sales and in 2014, Christie’s hired Donovan and her colleagues away (prompting Heritage to file a reportedly $60 million lawsu…

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