This extremely rare 30-centimeter Hermès Birkin bag made from white crocodile recently sold to an undisclosed bidder for an insane $377,000 USD, breaking the record for the world's most expensive handbag.

According to South China Morning Post, the bidding war for the luxurious handbag was an intense one that carried on for 15 minutes via phone, Internet and in-room hopefuls. Pre-action, experts expected the bag to go for between $192,500 USD and $256,700 USD.

Last June, a similar style Himalayan crocodile and diamond-encrusted white gold hardware-featuring Hermès Birkin was auctioned for $300,168 USD, which at the time held the world record.

It's also worthy of note that standard Birkins start at $12,000 USD.

For more world records, take a look at the Jean-Michel Basquiat painting that just sold for a whopping $110.5 million USD.

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