international
Jailed Vietnamese tycoon's Birkin bags sells for more than $550K
Key takeaways
- Both found new owners in just 30 minutes of bidding - one of the white Hermès Birkin bags alone fetched $440,144, with other selling for $94,858.
- Hermès's exclusive Birkin bags can be worth hundreds of thousands of dollars.
- The disgraced tycoon is serving a life sentence for embezzling from a major Vietnamese bank and has been ordered to return $27bn in reparations.
Why this matters: an international story with cross-border implications worth tracking.
Angus Thompson Ho Chi Minh City Asset Auction Service Center Hermès's exclusive Birkin bags can be worth hundreds of thousands of dollars Two luxury handbags confiscated from jailed Vietnamese businesswoman Truong My Lan have sold for than $535,000 (£399,000) in a government auction.
Both found new owners in just 30 minutes of bidding - one of the white Hermès Birkin bags alone fetched $440,144, with other selling for $94,858.
Hermès's exclusive Birkin bags can be worth hundreds of thousands of dollars.
Article preview — originally published by BBC World. Full story at the source.
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