A luxury Hermes handbag shattered the world auction record in Hong Kong on Wednesday, fetching $380,000, Straits Times reported quoting Christie’s.

The auction house didn't identify the buyer of the matte white “Himalaya” crocodile skin Hermes Birkin bag.

The handbag was produced in 2014 and has 18 karat gold buckles and strap loops encrusted with 205 diamonds.