Christie’s said Monday that a Hermes designer handbag smashed a world auction record in Hong Kong. The auction house did not identify the buyer of the crocodile skin Birkin Bag in fuschia with 18 karat gold and diamond hardware. It sold for 1.72 million Hong Kong dollars ($277,419 Cdn). The previous record was set at a U.S. auction in 2011 for another Birkin Bag, in red crocodile skin, that sold for $203,150. The Birkin Bag was designed for and named after British actress Jane Birkin. It’s famous for having a price tag in the thousands of dollars and a years-long waiting list. The bag was one of more than 300 that Christie’s put on the block in Hong Kong, which has emerged as a global auction centre thanks to wealthy mainland Chinese. Christie’s said a black Birkin Bag that’s scheduled to go on the block later in the same auction may sell for even more than Monday’s record price.