Jailed Vietnamese tycoon's Birkin bags sells for more than $550K
Two Hermès Birkin bags confiscated from jailed Vietnamese businesswoman Truong My Lan have sold for over $535,000 in a government auction. The bags were auctioned off within 30 minutes, with one fetching $440,144 and the other $94,858. Truong My Lan is currently serving a life sentence for embezzlement and had hoped to keep the bags as family keepsakes.
- ▪The auction of the Birkin bags took place at the Ho Chi Minh City Asset Auction Service Center.
- ▪Truong My Lan was sentenced to life in prison for embezzling from a major Vietnamese bank.
- ▪The more expensive bag sold for nearly seven times its starting bid.
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Jailed Vietnamese tycoon's Birkin bags sells for more than $550KJust nowShareSaveAdd as preferred on GoogleAngus ThompsonHo Chi Minh City Asset Auction Service CenterHermès's exclusive Birkin bags can be worth hundreds of thousands of dollarsTwo 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.
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