A maximum price that collectors are willing to pay for a rare Hermès Birkin surely exists, but based on a Christie’s auction in Hong Kong on Monday, we have yet to find it. One bidder is now the proud owner of the pink crocodile Birkin you see above, to the tune of $221,844.


If you’ve got enough money to buy a well-kept suburban ranch home in my beloved hometown of Atlanta burning a hole in your pocket, you’re in luck: Moda Operandi and Heritage Auctions have teamed up once again for another jaw-dropping pre-owned Hermès trunkshow, and this time around, a diamond-encrusted crocodile Birkin is the star of the show.


It’s rare that the diamond-encrusted version of something costs less than its original version, but Hermès is a rare company indeed. It’s worth noting, of course, that the diamond-encrusted versions of the brand’s popular Birkin, Kelly and Constance bags are meant to be worn around one’s neck and are therefore very small, but still: diamonds.


Fashion can be a lot of things, but when it’s at its very best, it’s about fantasy. We all have bags in the backs of our minds that we’d love to see in our closets, and for many of us, those bags are exotics, special orders or hard-to-find pieces from brands whose wares are extremely scarce to begin with.


If the Hermès resale market seems suddenly more flush in the near future, there might be a very good reason why: At the end of last week, a band of thieves filched 500 Hermès bags from a packaging and logistics facility outside Paris, according to Women’s Wear Daily.


If you’ve made it this far, you probably already agree with us: a new season calls for a new bag, or perhaps several. The Internet offers plenty of options for generalized sartorial pursuits, but when it comes to finding bags that are rare, limited edition or made by brands that don’t sell their wares online, there are only a few places to turn.


There are few sacred things in handbag design, but among them is the Hermès Birkin. When Hermès is feeling creative, the brand generally looks to the Kelly to make tweaks and create new versions–we documented nearly a dozen in our guide to Hermès bag styles, and that doesn’t include limited editions.


Every now and then, our friends at Moda Operandi and Heritage Auctions get together to make some rare, pre-owned Hermès bags and accessories available at a few clicks of a mouse, and now is one of those times.


We’re always in favor of rewarding yourself or someone you love with a fabulous handbag no matter the occasion, and the first-ever Heritage Auctions Valentine’s Day Luxury Handbag & Accessories Auction is your latest opportunity to pick up something rare, exotic or sold out from the world’s best brands.

Image via Moda Operandi

Finding information on Hermès bags is not easy, and that’s by design; keeping its bags mostly shrouded in mystery helps the brand maintain the sense of exclusivity and scarcity that makes them the most coveted–and most expensive–accessories in the world.