HGK23555 Specialists' Guide to Handbags & Accessories

SPE CI A L ISTS ’ GU I DE TO

H A N DBAGS & ACCE S SOR I E S SPR I NG E DI T ION

HON G KON G | 2 6 M AY 2 02 5 香港 | 2 02 5 年 5 月 2 6 日

162

~≈59

HERMÈS, 2010

HERMÈS, 2018

GRADE: 1.5 15 w x 12 h x 6 d cm

GRADE: 1.5 15 w x 12 h x 6 d cm

HK$180,000-260,000 US$24,000-34,000

HK$500,000-1,000,000 US$65,000-130,000

A LIMITED EDITION ORANGE & SOLEIL SWIFT LEATHER QUELLE IDOLE WITH PALLADIUM HARDWARE, SOGO HONG KONG 2010

A RARE, CUSTOM MATTE BOUGAINVILLIER ALLIGATOR & MALACHITE SWIFT LEATHER QUELLE IDOLE WITH PALLADIUM HARDWARE

Dear Friends,

各位朋友：

In this era of rapidly changing information, we are surrounded by endless

在這個資訊快速更迭的時代，我們被無數訊息包圍，卻也轉瞬即 忘。然而人類對美的追求，始終如一。當我們靜下心來，欣賞、收藏、 把玩這些美麗物件時，便能在繁忙生活中找到屬於自己的寧靜時 刻。

messages that are just as quickly forgotten. Yet humanity's pursuit of beauty remains constant. When we pause to appreciate, collect, and cherish these exquisite objects, we find a moment of tranquility amidst the chaos of modern life.

We are dedicated to curating handbags with stories, pieces that embody the spark where fashion craftsmanship and aesthetics come together.

我們致力於蒐集具有故事的典藏手袋，見證時尚工藝與美學碰撞 的火花。無論是以愛馬仕傳奇店舖為靈感的FAUBOURG柏金包， 被譽為「收藏界聖杯」的喜馬拉雅鱷魚皮手袋，還是歷久彌新的經 典粉色系，都在訴說著獨特的美學故事。

Whether it's the FAUBOURG Birkin, inspired by Hermès' legendary flagship, the Himalaya crocodile bag hailed as the "holy grail", or the enduring charm of classic pink hues, each tells a unique tale of artistry.

In an age of mass production, the privilege to touch a piece stitched by skilled hands, feel the meticulous leatherwork, and witness how its texture evolves over time becomes truly precious. We wish to share this

在這個大量生產的時代，親觸匠人一針一線縫製的溫度，感受皮革 工藝的細膩，以及其隨時間變化的質感，顯得格外珍貴。我們希望 能將這份感動傳遞給您，無論您偏愛何種風格，都能在這裡找到與 之共鳴的珍品。 期待與您相遇，共同探索風格的千變萬化。

profound appreciation with you. Whichever style resonates with you, you will find a treasure that speaks to your soul.

衷心感謝，

We look forward to meeting you and exploring the endless possibilities of style together.

With my deepest gratitude,

Winsy Tsang Head of Handbags & Accessories, Asia Pacific

曾慧思 亞太地區手袋及配飾部主管

For enquiries, please contact Winsy Tsang Head of Department wtsang@christies.com Tel: +852 2978 6841 Jerry Chang Specialist Head of Sale ycchang@christies.com Tel: +852 2978 6704 Vanessa Kui Associate Specialist vkui@christies.com Tel: +852 2978 6701

CONTENTS A Note From The Head of Handbags & Accessories, Asia Pacific

2

Auction Details

5

Model By Size

8

Features Girl Crush

28

Blokette

30

Preppy Style

32

Mocha Mousse

34

Madeleine

36

High-Intellectual Aesthetic

38

The Alpha

40

Cottagecore

42

International Specialists' Picks

44

Important Notices

47

I NT ER NAT IONA L HANDBAGS & AC C ESSOR IES DEPARTM ENT HONG KONG

NEW YORK

EUROPE

WINSY TSANG Head of Department wtsang@christies.com +852 2978 6841

RACHEL KOFFSKY International Head of Department rkoffsky@christies.com +1 212 636 2331

LUCILE ANDREANI Head of Department landreani@christies.com +33 1 40 76 72 49

JERRY CHANG Specialist Head of Sale ycchang@christies.com +852 2978 6704

MAX BROWNAWELL Head of Department, Specialist mbrownawell@christies.com +1 2126362073

EVA-YOKO GAULT Associate Specialist egault@christies.com +33 1 40 76 84 25

VANESSA KUI Associate Specialist vkui@christies.com +852 2978 6701

KIARA COOPER Associate Specialist kcooper@christies.com +1 929 332 6645

Global Managing Director Emmanuel Danan edanan@christies.com Tel: +33 1 4076 8350

Regional Managing Director Asia Pacific Michelle Kim michellekim@christies.com Tel:+852 2978 5342 Americas Kimberly Miller kimberlymiller@christies.com Tel: +1 212 636 2306

London Anoushka Mohamed amohamed@christies.com Tel: +44 20 7104 5761 Geneva Isabel Coutier icoutier@christies.com Tel: +41 22 319 1704

SERVICES Written and Telephone Bids & Christie’s Live Tel: +852 2978 9910 Email: bidsasia@christies.com Paddle Registration Tel: +852 2760 1766 Email: registrationasia@christies.com

Auction Results HK: +852 2760 1766 UK: +44 (0)20 7627 2707 US: +1 212 703 8080 Internet: www.christies.com

Catalogues Online Lotfinder® Internet: www.christies.com

Post-Sale Services Tel: +852 2760 1766 Email: postsaleasia@christies.com

Client Services Tel: +852 2760 1766 Email: infoasia@christies.com

www.christies.com Email For general enquiries about this auction, emails should be addressed to the Sale Co-ordinator(s).

HANDBAGS & ACCESSORIES 典雅傳承：手袋及配飾

M O N DAY 26 M AY 202 5 AUCTION

星 期 一 2025 年 5 月 26 日 VIEWING

拍賣

預展

Monday 26 May 2025． 2025年 5月 26日（星期一） 2.00pm ( Sale 23555, Lots 1–201) 下午 2時（拍賣編號 23555，拍賣品編號 1–201）

HONG KONG, 6th Floor, The Henderson, 2 Murray Road, Central 香港，中環美利道 2號 The Henderson 6 樓

Location: HONG KONG, 6th Floor, The Henderson, 2 Murray Road, Central 地點：香港，中環美利道 2號 The Henderson 6 樓

Thursday – Sunday, 22–25 May． 5月 22至 25日（星期四至日） 10.30am – 5.30pm Monday, 26 May． 5月 26日（星期一） 10.30am – 1.00pm

Tel 電話：+ 852 2760 1766 Fax 傳真：+ 852 2760 1767

SPECIALISTS 專家

REGIONAL MANAGING DIRECTOR 業務總監

Winsy Tsang Jerry Chang Vanessa Kui

BUSINESS MANAGER 業務經理

SALE COORDINATOR

Tracy Yan +852 2978 5349

Kelly Kwok + 852 2978 9929

Michelle Kim +852 2978 5342

AUCTIONEERS

拍賣統籌

拍賣官

Emmanuelle Chan • Nicola Chan • Liang-Lin Chen • Jacky Ho AUCTION CODE AND NUMBER

拍賣名稱及編號

In sending Written and Telephone bids or making enquiries, this sale should be referred to as BAGS-23555. 在遞交書面和電話競投表格或查詢拍賣詳情時，請註明拍賣名稱及編號為 BAGS-23555。 CONDITIONS OF SALE – BUYING AT CHRISTIE’S

業務規定 – 買家須知

The sale for each lot is subject to the Condition of Sale, Important Notices and Explanation of Cataloguing Practice, which are set out on christies.com. Please note that the symbols and cataloguing for some lots may change before the auction. For the most up to date sale information for a lot, please see the full lot description, whied through the sale landing page on christies.com. 每件拍賣品的銷售均受 christies.com 上列出的業務規定、重要通知及目錄編列方法之說明的約束。請注意，某些拍賣品的符號和目錄 可能會在拍賣前發生變化。有關拍賣品的最新拍賣信息，請參閱 christies.com 上的拍賣登陸頁面中的完整拍賣品描述。

FRONT COVER 封面 : Lot 110, 142, 168 INSIDE FRONT COVER 封面內頁 : Lot 162, 59 BACK COVER 封底 : Lot 50, 142

Scan to view auction details 掃瞄以瀏覽拍賣詳情

Scan QR to access Christie’s WeChat mini program 掃描二維碼或微信 搜索“佳士得”小程序， 查閱全球拍賣資訊

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關注佳士得亞洲 Instagram賬戶 @christiesasia

HANDBAGS & ACCESSORIES INTERNATIONAL CONDITION GRADING SYSTEM

We provide a general, numeric condition Grade: to help with overall condition guidance. Please review the specific condition report and extra images for each lot before bidding.

Grade: 1

This item exhibits no signs of use or wear and could be considered as new. There are no flaws. Original packaging and protective plastic are likely intact as noted in the lot description.

Grade: 2

This item exhibits minor flaws and could be considered nearly brand new. It may never have been used, or may have been used a few times. There are only minor condition notes, which can be found in the specific condition report.

Grade: 3

This item exhibits visible signs of use. Any signs of use or wear are minor. This item is in good condition.

Grade: 4

This item exhibits normal signs of wear from frequent use. This item either has light overall wear or small areas of heavy wear. The item is considered to be in fair condition.

Grade: 5

This item exhibits wear and tear from regular or heavy use. The item is in usable condition but it does have condition notes.

BUYING CITES LOTS

Please be aware that there are CITES lots in this auction, noted with a ~ symbol next to the lot number. Due to CITES export/ import restrictions, the lots noted additionally with ≈ can only be sent to an address within Hong Kong or collected from our Hong Kong saleroom, and the lots noted with ≡ will require export / import permits to be shipped outside Hong Kong post sale. Please read the “Conditions of Sale • Buying at Christie’s” and in particular “Symbols used in this Catalogue” at the back of this catalogue.

If you have further questions on this topic, please contact the department.

Please note that lots noted with • are offered without reserve.

Any reference to condition in a catalogue entry will not amount to a full description of condition, and images may not show the condition of a lot clearly. Colours and shades may look different in print or on screen to how they look in real life. It is your responsibility to ensure that you have received and considered any condition report and grading. We recommend you examine the lot in person or take your own professional advice.

手袋及 配飾 國際狀況評級準則 我們提供概況性、數字階梯式狀況等級以對物品的總體性狀況提供指引。另外，請在競投前閱讀每個拍賣品的狀況報告及附加圖像。 第1級 該物品未呈現使用或磨損的跡象，可被視為如新，沒有瑕疵。原裝包裝及保護膠膜可能完整無缺，請參考拍賣品描述。 第2級 該物品呈現細微的瑕疵，可被視為幾乎全新。該物品可能從未被使用過，或可能被使用過幾次。該物品上僅有在狀況報告中所述的細 微的狀況備註。 第3級 該物品呈現可察覺的被使用過的痕跡。任何使用或磨損的跡象都很輕微。狀況良好。 第4級 該物品呈現頻繁使用后一般的磨損跡象。該物品存在輕度總體性磨損或小範圍內的重大磨損。狀況不錯。 第5級 該物品呈現出因經常或重度使用所造成的損耗。此物品處於可被使用的狀況，請參照狀況記錄。

購買含有野生動物料的拍賣品 請注意此次拍賣的拍賣品可能由瀕臨絕種及其他受保護野生動植物製造或組成。該拍賣品在本簡介註有 ~ 號。由於拍賣品受制於瀕 危野生動物種國際貿易公約（CITES）出入口限制，標有 ≈ 的拍賣品只可運送至香港境內的地址或從香港佳士得拍賣場提取，標有≡ 的拍賣品須事先獲取 CITES 出口許可證方可將其於拍賣後運送至香港境外。請詳閱目錄內的業務規定•買方須知和本目錄中使用的 各類標識。如您對此有進一步的疑問，請聯繫專家部門。 請注意標有•的拍賣品不設底價。 對於拍賣品狀況，由於目錄版面所限未能提供對拍賣品的全面描述，而所載圖像亦可能無法清楚顯示拍賣品狀況。拍賣品實物與透過 印刷及顯示屏展示的圖像色彩和色調或會存在色差。閣下有責任確保閣下已收到並已考慮到任何狀況報告及評級。我們建議閣下親 身檢驗拍賣品或自行就拍賣品尋求專業意見。

~≈154

A MATTE BÉTON ALLIGATOR RETOURNÉ KELLY 25 WITH GOLD HARDWARE HERMÈS, 2023 GRADE: 1 25 w x 19 h x 9 d cm HK$350,000-450,000 US$46,000-58,000

KELLY IDOLE ~≈59

162

79

131

GRADE: 1.5

GRADE: 1.5

GRADE: 1

GRADE: 1

HK$500,000-1,000,000 US$65,000-130,000

HK$180,000-260,000 US$24,000-34,000

HK$300,000-400,000 US$39,000-52,000

HK$300,000-400,000 US$39,000-52,000

18

68

~≈33

42

GRADE: 1

GRADE: 1

GRADE: 1.5

GRADE: 1

HK$240,000-320,000 US$32,000-41,000

HK$240,000-320,000 US$32,000-41,000

HK$260,000-340,000 US$34,000-44,000

HK$120,000-180,000 US$16,000-23,000

~≈77

~≈88

~≈92

102

GRADE: 1

GRADE: 1

GRADE: 1.5

GRADE: 1

HK$420,000-500,000 US$55,000-65,000

HK$400,000-500,000 US$52,000-65,000

HK$380,000-480,000 US$50,000-62,000

HK$140,000-200,000 US$19,000-26,000

A RARE, CUSTOM MATTE BOUGAINVILLIER ALLIGATOR & MALACHITE SWIFT LEATHER QUELLE IDOLE WITH PALLADIUM HARDWARE

A LIMITED EDITION ORANGE & SOLEIL SWIFT LEATHER QUELLE IDOLE WITH PALLADIUM HARDWARE, SOGO HONG KONG 2010

A LIMITED EDITION CHAI, MAUVE SYLVESTRE, TERRE BATTUE & CÉLESTE EPSOM LEATHER KELLYDOLE PICTO WITH PALLADIUM HARDWARE

A LIMITED EDITION NATA, MAUVE SYLVESTRE, LIME & CHAI EPSOM LEATHER KELLYDOLE PICTO WITH PALLADIUM HARDWARE

MINI A LIMITED EDITION VERT VERTIGO SWIFT LEATHER & OSIER MINI PICNIC KELLY WITH PALLADIUM HARDWARE

A MATTE GOLD ALLIGATOR MINI KELLY 20 II WITH GOLD HARDWARE

8

A LIMITED EDITION NATUREL BARÉNIA LEATHER & OSIER MINI PICNIC KELLY WITH PALLADIUM HARDWARE

A CUSTOM MATTE KRAFT & GRIS PERLE ALLIGATOR MINI KELLY 20 II WITH GOLD HARDWARE

A SHINY BLEU SAPHIR ALLIGATOR MINI KELLY 20 II WITH PALLADIUM HARDWARE

A MATTE GRIS NÉVÉ ALLIGATOR MINI KELLY 20 II WITH PALLADIUM HARDWARE

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

A BLEU ORAGE EPSOM LEATHER MINI KELLY 20 II WITH PALLADIUM HARDWARE

A LIMITED EDITION ÉTOUPE, ÉCORCE & BLACK EPSOM LEATHER TRICOLOR MINI KELLY 20 II WITH PALLADIUM HARDWARE

MINI 105

107

136

144

GRADE: 2

GRADE: 1

GRADE: 1.5

GRADE: 1

HK$80,000-120,000 US$11,000-16,000

HK$180,000-260,000 US$24,000-34,000

HK$100,000-180,000 US$13,000-23,000

HK$140,000-200,000 US$19,000-26,000

145

151

~≈161

~≈167

A MATTE MIMOSA ALLIGATOR MINI KELLY 20 II WITH PALLADIUM HARDWARE

A SHINY BLACK NILOTICUS LIZARD MINI KELLY 20 II WITH PALLADIUM HARDWARE

GRADE: 1

GRADE: 1

GRADE: 1

GRADE: 1

HK$140,000-200,000 US$19,000-26,000

HK$160,000-240,000 US$21,000-31,000

HK$300,000-400,000 US$39,000-52,000

HK$200,000-280,000 US$26,000-36,000

169

~≈172

AN ÉTAIN EPSOM LEATHER MINI KELLY 20 II WITH GOLD HARDWARE

A CUSTOM CRAIE & GRIS MEYER EPSOM LEATHER MINI KELLY 20 II WITH GOLD HARDWARE

A CUSTOM BÉTON & GRIS PERLE OSTRICH MINI KELLY 20 II WITH PALLADIUM HARDWARE

A CUSTOM WHITE & BLEU DU NORD EPSOM LEATHER MINI KELLY 20 II WITH PERMABRASS HARDWARE

KELLYMORPHOSE

A BLACK EPSOM LEATHER MINI KELLY 20 II WITH GOLD HARDWARE

A GRAPHITE OSTRICH MINI KELLY 20 II WITH GOLD HARDWARE

A MATTE BLACK ALLIGATOR MINI KELLY 20 II WITH GOLD HARDWARE

A CUSTOM CRAIE & BLACK EPSOM LEATHER MINI KELLY 20 II WITH PERMABRASS HARDWARE

14

A RARE, STERLING SILVER KELLYMORPHOSE SAC BIJOU KELLY

GRADE: 1 HK$200,000-300,000 US$26,000-39,000

POCHETTE

GRADE: 2

GRADE: 2

HK$80,000-120,000 US$11,000-16,000

HK$300,000-400,000 US$39,000-52,000

16

~≈20

25

~≈57

GRADE: 1

GRADE: 1

GRADE: 2

GRADE: 2

HK$60,000-100,000 US$7,800-13,000

HK$240,000-300,000 US$32,000-39,000

HK$40,000-60,000 US$5,200-7,800

HK$120,000-180,000 US$16,000-23,000

A GRANNY SWIFT LEATHER KELLY POCHETTE WITH PALLADIUM HARDWARE

A SHINY VERT JADE ALLIGATOR KELLY POCHETTE WITH PALLADIUM HARDWARE

A BLEU JEAN SWIFT LEATHER KELLY POCHETTE WITH PALLADIUM HARDWARE

A SHINY GÉRANIUM ALLIGATOR KELLY POCHETTE WITH PALLADIUM HARDWARE

• NO RESERVE 2025 HONG KONG SPRING EDITION

9

76

80

95

•99

GRADE: 1

GRADE: 1

GRADE: 1

GRADE: 1

HK$60,000-100,000 US$7,800-13,000

HK$60,000-100,000 US$7,800-13,000

HK$80,000-120,000 US$11,000-16,000

HK$60,000-100,000 US$7,800-13,000

120

147

150

~≈156

GRADE: 1.5

GRADE: 1.5

GRADE: 1

GRADE: 1

HK$60,000-100,000 US$7,800-13,000

HK$60,000-100,000 US$7,800-13,000

HK$80,000-120,000 US$11,000-16,000

HK$240,000-320,000 US$32,000-41,000

~≈170

~≈171

A GOLD SWIFT LEATHER KELLY POCHETTE WITH PALLADIUM HARDWARE

A ROSE AZALÉE SWIFT LEATHER KELLY POCHETTE WITH PALLADIUM HARDWARE

A CRAIE SWIFT LEATHER KELLY POCHETTE WITH PALLADIUM HARDWARE

A CUSTOM GRIS ASPHALTE & NATA SWIFT LEATHER KELLY POCHETTE WITH ROSE GOLD HARDWARE

A CUSTOM BÉTON & CABAN SWIFT LEATHER KELLY POCHETTE WITH ROSE GOLD HARDWARE

A SHINY BLACK ALLIGATOR KELLY POCHETTE WITH PALLADIUM HARDWARE

GRADE: 2

GRADE: 1

HK$80,000-120,000 US$11,000-16,000

HK$240,000-320,000 US$32,000-41,000

AN ÉTOUPE SWIFT LEATHER KELLY POCHETTE WITH GOLD HARDWARE

A MATTE VANILLE ALLIGATOR KELLY POCHETTE WITH GOLD HARDWARE

DESORDRE

A SHINY BLACK NILOTICUS LIZARD KELLY POCHETTE WITH GOLD HARDWARE

A CHAI SWIFT LEATHER KELLY POCHETTE WITH GOLD HARDWARE

146

166

GRADE: 1

GRADE: 1

HK$160,000-240,000 US$21,000-31,000

HK$160,000-240,000 US$21,000-31,000

A LIMITED EDITION CRAIE EPSOM LEATHER MINI DESORDRE KELLY 20 WITH GOLD HARDWARE

A LIMITED EDITION BLACK EPSOM LEATHER SELLIER DESORDRE KELLY 20 WITH GOLD HARDWARE

DANSE 75

78

123

134

GRADE: 1

GRADE: 1

GRADE: 1

GRADE: 1

HK$70,000-110,000 US$9,100-14,000

HK$160,000-240,000 US$21,000-31,000

HK$70,000-110,000 US$9,100-14,000

HK$70,000-110,000 US$9,100-14,000

A GOLD EVERCOLOR LEATHER KELLY DANSE WITH GOLD HARDWARE

10

A CHAI OSTRICH KELLY DANSE WITH GOLD HARDWARE

A LIMITED EDITION ROSE D'ÉTÉ & VERT TITIEN EVERCOLOR LEATHER VERSO KELLY DANSE WITH PALLADIUM HARDWARE

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

A LIMITED EDITION WHITE & KRAFT EVERCOLOR LEATHER VERSO KELLY DANSE WITH GOLD HARDWARE

KELLYWOOD

ELAN

CUT ~≈22

17

A MATTE VERT FONCÉ NILOTICUS CROCODILE KELLY CUT WITH PALLADIUM HARDWARE

A BAMBOU CHAMKILA CHÈVRE LEATHER KELLY ÉLAN WITH GOLD HARDWARE

GRADE: 2

GRADE: 1

HK$100,000-160,000 US$13,000-21,000

HK$60,000-100,000 US$7,800-13,000

70

A RARE, FAUVE BARÉNIA LEATHER & BOG OAK KELLYWOOD 22 WITH PALLADIUM HARDWARE GRADE: 2 HK$300,000-400,000 US$39,000-52,000

71

A RARE, FAUVE BARÉNIA LEATHER & BEECHWOOD PERSPECTIVE CAVALIÈRE KELLYWOOD 22 WITH PALLADIUM HARDWARE GRADE: 1 HK$350,000-450,000 US$46,000-58,000

25

37

43

~≈54

62

GRADE: 1.5

GRADE: 1

GRADE: 1

GRADE: 1

HK$140,000-200,000 US$19,000-26,000

HK$160,000-240,000 US$21,000-31,000

HK$300,000-400,000 US$39,000-52,000

HK$160,000-240,000 US$21,000-31,000

67

74

84

90

A BLEU INDIGO OSTRICH SELLIER KELLY 25 WITH PALLADIUM HARDWARE

A LIMITED EDITION FAUVE BARÉNIA LEATHER SELLIER PADDED KELLY 25 WITH GOLD HARDWARE

A LIMITED EDITION BLEU NUIT, BLACK, CHAI, ÉTOUPE & GOLD SWIFT LEATHER COLORMATIC RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE

A GOLD TOGO LEATHER RETOURNÉ KELLY 25 WITH GOLD HARDWARE

A SHINY ROSE POURPRE NILOTICUS CROCODILE SELLIER KELLY 25 WITH PALLADIUM HARDWARE

A BISCUIT EPSOM LEATHER SELLIER KELLY 25 WITH GOLD HARDWARE

A LIMITED EDITION ROUGE SELLIER EPSOM LEATHER, BLACK TADELAKT LEATHER & ROSE DARLING CHÈVRE LEATHER CASAQUE ETOILEE SELLIER KELLY 25 WITH PALLADIUM HARDWARE

A GRIS PERLE SWIFT LEATHER RETOURNÉ KELLY 25 WITH GOLD HARDWARE

GRADE: 1.5

GRADE: 1

GRADE: 1.5

GRADE: 1.5

HK$100,000-160,000 US$13,000-21,000

HK$120,000-180,000 US$16,000-23,000

HK$80,000-120,000 US$11,000-16,000

HK$80,000-120,000 US$11,000-16,000

• NO RESERVE 2025 HONG KONG SPRING EDITION

11

25

96

~≈103

106

108

GRADE: 1.5

GRADE: 2

GRADE: 1

GRADE: 1

HK$80,000-120,000 US$11,000-16,000

HK$320,000-400,000 US$42,000-52,000

HK$100,000-160,000 US$13,000-21,000

HK$120,000-180,000 US$16,000-23,000

~≡113

~≈116

127

132

GRADE: 1

GRADE: 1

GRADE: 1.5

GRADE: 1

HK$800,000-1,200,000 US$110,000-160,000

HK$350,000-550,000 US$46,000-71,000

HK$140,000-200,000 US$19,000-26,000

HK$160,000-240,000 US$21,000-31,000

~≈154

160

174

175

GRADE: 1

GRADE: 2

GRADE: 1

GRADE: 1

HK$350,000-450,000 US$46,000-58,000

HK$60,000-100,000 US$7,800-13,000

HK$150,000-220,000 US$20,000-28,000

HK$120,000-180,000 US$16,000-23,000

A CUSTOM GRIS ASPHALTE & GRIS ÉTAIN EPSOM LEATHER SELLIER KELLY 25 WITH GOLD HARDWARE

A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE

A MATTE BÉTON ALLIGATOR RETOURNÉ KELLY 25 WITH GOLD HARDWARE

12

A CUSTOM SHINY GRIS TOURTERELLE & GRAPHITE ALLIGATOR SELLIER KELLY 25 WITH BRUSHED GOLD HARDWARE

A CUSTOM MATTE PINK 5P & GRIS PERLE ALLIGATOR RETOURNÉ KELLY 25 WITH BRUSHED PALLADIUM HARDWARE

A JAUNE POUSSIN SWIFT LEATHER RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE

AN ÉTAIN EPSOM LEATHER SELLIER KELLY 25 WITH GOLD HARDWARE

A ROSE TYRIEN OSTRICH SELLIER KELLY 25 WITH PALLADIUM HARDWARE

A BLACK OSTRICH SELLIER KELLY 25 WITH PALLADIUM HARDWARE

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

A LIMITED EDITION ÉCORCE, ÉTOUPE & BLACK EPSOM LEATHER TRICOLOR SELLIER KELLY 25 WITH GOLD HARDWARE

A LIMITED EDITION NATA SWIFT LEATHER IN & OUT RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE

A BLACK CALF BOX LEATHER SELLIER KELLY 25 WITH GOLD HARDWARE

28

27

30

38

GRADE: 1.5

GRADE: 1

GRADE: 2

HK$100,000-160,000 US$13,000-21,000

HK$100,000-160,000 US$13,000-21,000

HK$70,000-110,000 US$9,100-14,000

~≈49

~≈63

89

GRADE: 1

GRADE: 2

GRADE: 1

HK$400,000-600,000 US$52,000-78,000

HK$240,000-320,000 US$32,000-41,000

HK$80,000-120,000 US$11,000-16,000

~≈112

119

121

GRADE: 1

GRADE: 1.5

GRADE: 2

HK$260,000-340,000 US$34,000-44,000

HK$70,000-110,000 US$9,100-14,000

HK$60,000-100,000 US$7,800-13,000

A BLEU COBALT OSTRICH SELLIER KELLY 28 WITH PALLADIUM HARDWARE

A RARE, MATTE AIZOME TOMEKON POROSUS CROCODILE SELLIER KELLY 28 WITH PALLADIUM HARDWARE

A RARE, SHINY OMBRÉ SALVATOR LIZARD SELLIER KELLY 28 WITH PALLADIUM HARDWARE

A CUSTOM BLEU ÉLECTRIQUE & GRIS PERLE CHÈVRE LEATHER SELLIER KELLY 28 WITH PALLADIUM HARDWARE

A LIMITED EDITION SHINY MACASSAR, MIEL, ROSE EXTRÊME & MATTE ÉBÈNE ALLIGATOR SELLIER KELLY 28 WITH PALLADIUM HARDWARE

A CUSTOM ROSE AZALÉE & JAUNE D'OR EPSOM LEATHER SELLIER KELLY 28 WITH BRUSHED GOLD HARDWARE

2025 HONG KONG SPRING EDITION

A LIMITED EDITION BLEU INDIGO TOGO, BLEU BRIGHTON TOGO & CAPUCINE SOMBRERO LEATHER KELLYGRAPHIE LETTRE R SELLIER KELLY 28 WITH PALLADIUM HARDWARE

A CUSTOM GRIS PERLE & BISCUIT TOGO LEATHER RETOURNÉ KELLY 28 WITH BRUSHED PALLADIUM HARDWARE

A ROSE CONFETTI EPSOM LEATHER SELLIER KELLY 28 WITH PALLADIUM HARDWARE

13

28

~≈155

~≈158

183

GRADE: 1.5

GRADE: 1

GRADE: 2

HK$700,000-1,100,000 US$91,000-140,000

HK$200,000-280,000 US$26,000-36,000

HK$60,000-100,000 US$7,800-13,000

A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 28 WITH PALLADIUM HARDWARE

A LIMITED EDITION MATTE VANILLE ALLIGATOR & NATUREL SABLE BUTLER LEATHER TOUCH SELLIER KELLY 28 WITH PALLADIUM HARDWARE

A LIMITED EDITION LETTRES AU CARRÉ TOILE DE CAMP & BLACK SWIFT LEATHER RETOURNÉ KELLY 28 WITH PALLADIUM HARDWARE

32

29

~≈35

39

GRADE: 1

GRADE: 2.5

GRADE: 2

HK$80,000-120,000 US$11,000-16,000

HK$160,000-240,000 US$21,000-31,000

HK$40,000-60,000 US$5,200-7,800

A LIMITED EDITION SHINY BLEU SAPHIR, BLEU INDIGO & BLEU TEMPÊTE TRICOLOR POROSUS CROCODILE SELLIER KELLY 32 WITH GOLD HARDWARE

A CUSTOM BLEU ÉLECTRIQUE, TURQUOISE & GRIS PERLE TRICOLOR TOGO LEATHER SELLIER KELLY 28 WITH GOLD HARDWARE & A BLEU IZMIR TADELAKT LEATHER KELLY DOLL CHARM

163

176

182

GRADE: 2

GRADE: 1.5

GRADE: 2

HK$50,000-80,000 US$6,500-10,000

HK$70,000-110,000 US$9,100-14,000

HK$60,000-100,000 US$7,800-13,000

A LIMITED EDITION ORANGE SWIFT LEATHER VIBRATO RETOURNÉ KELLY 32 WITH GOLD HARDWARE

14

A LIMITED EDTION BLEU INDIGO TOGO LEATHER RETOURNÉ VIBRATO KELLY 32 WITH PALLADIUM HARDWARE

A CUSTOM BLACK & ROSE EXTRÊME EPSOM LEATHER SELLIER KELLY 32 WITH BRUSHED GOLD HARDWARE

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

A LIMITED EDITION TOILE DE CAMP CAVALCADOUR & BLACK SWIFT LEATHER SELLIER KELLY 32 WITH PALLADIUM HARDWARE

JUMP

SHOULDER

35

69

41

185

GRADE: 2

GRADE: 2

GRADE: 1

HK$150,000-220,000 US$20,000-28,000

HK$50,000-80,000 US$6,500-10,000

HK$60,000-100,000 US$7,800-13,000

A LIMITED EDITION NATUREL BARÉNIA LEATHER & OSIER PICNIC KELLY 35 WITH PALLADIUM HARDWARE

A BLEU DE MALTE CLÉMENCE LEATHER FRINGE SHOULDER KELLY WITH PALLADIUM HARDWARE

A BLACK SWIFT LEATHER KELLY JUMP WITH PALLADIUM HARDWARE

BIRKIN 20

~≈50

~≈110

~≈142

~≈168

GRADE: 1

GRADE: 1

GRADE: 1

GRADE: 1

HK$900,000-1,400,000 US$120,000-180,000

HK$1,000,000-2,000,000 US$130,000-260,000

HK$1,200,000-2,200,000 US$160,000-280,000

HK$450,000-550,000 US$59,000-71,000

~≈23

26

~≈34

45

GRADE: 2.5

GRADE: 1.5

GRADE: 2

GRADE: 1

HK$180,000-260,000 US$24,000-34,000

HK$70,000-110,000 US$9,100-14,000

HK$160,000-240,000 US$21,000-31,000

HK$180,000-260,000 US$24,000-34,000

A RARE, MATTE BLEU MARINE ALLIGATOR, DEEP BLUE MADAME, ORANGE H SWIFT, BLEU INDIGO & BLEU OBSCUR SOMBRERO, CRAIE EPSOM LEATHER FAUBOURG SELLIER BIRKIN 20 WITH PALLADIUM HARDWARE

A RARE, MATTE GRIS CIMENT ALLIGATOR, GRIS MISTY & CRAIE EPSOM LEATHER, ORANGE H & BLACK SWIFT LEATHER RAINY DAYS FAUBOURG SELLIER BIRKIN 20 WITH PERMABRASS HARDWARE

A RARE, MATTE BÉTON ALLIGATOR, WHITE TOGO, SWIFT & SOMBRERO, ORANGE H & CRAIE SWIFT & BLEU BRUME CHÈVRE LEATHER SNOW FAUBOURG SELLIER BIRKIN 20 WITH PALLADIUM HARDWARE

A RARE, SHINY BLACK NILOTICUS LIZARD SELLIER BIRKIN 20 WITH PALLADIUM HARDWARE

25

A SHINY VERT FONCÉ NILOTICUS CROCODILE BIRKIN 25 WITH PALLADIUM HARDWARE

A BLEU ZANZIBAR TOGO LEATHER BIRKIN 25 WITH PALLADIUM HARDWARE

A LIMITED EDITION MATTE BLEU MARINE ALLIGATOR & BLEU SAPHIR NOVILLO LEATHER TOUCH BIRKIN 25 WITH ROSE GOLD HARDWARE

2025 HONG KONG SPRING EDITION

A LIMITED EDITION CABAN, BLEU NUIT SWIFT LEATHER & FEUTRE, NEW WHITE MILO LAMBSKIN GO TEAM BIRKIN 25 WITH PALLADIUM HARDWARE

15

25

~≈48

~≈58

66

72

GRADE: 1

GRADE: 2

GRADE: 1

GRADE: 1

HK$450,000-650,000 US$59,000-84,000

HK$200,000-280,000 US$26,000-36,000

HK$100,000-160,000 US$13,000-21,000

HK$350,000-450,000 US$46,000-58,000

•73

82

97

109

GRADE: 1

GRADE: 1

GRADE: 1

GRADE: 1

HK$100,000-160,000 US$13,000-21,000

HK$100,000-160,000 US$13,000-21,000

HK$170,000-240,000 US$23,000-31,000

HK$100,000-160,000 US$13,000-21,000

~≈111

114

•115

133

GRADE: 1

GRADE: 2

GRADE: 1

GRADE: 1

HK$260,000-340,000 US$34,000-44,000

HK$80,000-120,000 US$11,000-16,000

HK$120,000-180,000 US$16,000-23,000

HK$180,000-260,000 US$24,000-34,000

A RARE, MATTE AIZOME TOMEKON POROSUS CROCODILE SELLIER BIRKIN 25 WITH PALLADIUM HARDWARE

A GOLD TOGO LEATHER BIRKIN 25 WITH GOLD HARDWARE

A SHINY OMBRÉ SALVATOR LIZARD BIRKIN 25 WITH PALLADIUM HARDWARE

16

A SHINY BOUGAINVILLIER POROSUS CROCODILE BIRKIN 25 WITH GOLD HARDWARE

A LIMITED EDITION BISCUIT SWIFT LEATHER IN & OUT BIRKIN 25 WITH PALLADIUM HARDWARE

A ROSE SAKURA SWIFT LEATHER BIRKIN 25 WITH PALLADIUM HARDWARE

A LIMITED EDITION ALEZAN & BEIGE MARFA SWIFT LEATHER BIRKIN 25 WITH PALLADIUM HARDWARE

A LIMITED EDITION GRIS MEYER SWIFT LEATHER SHADOW BIRKIN 25 WITH PALLADIUM HARDWARE

A ROSE SAKURA & NATA CHÈVRE LEATHER BIRKIN 25 WITH BRUSHED PALLADIUM HARDWARE

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

A LIMITED EDITION GOLD SWIFT LEATHER & OSIER STRIPE PICNIC BIRKIN 25 WITH PALLADIUM HARDWARE

A GRIS MISTY TOGO LEATHER BIRKIN 25 WITH PERMABRASS HARDWARE

A LIMITED EDITION NATA CANVAS & SWIFT LEATHER CARGO BIRKIN 25 WITH PALLADIUM HARDWARE

25

137

139

140

•141

GRADE: 1

GRADE: 1

GRADE: 1

GRADE: 1

HK$120,000-180,000 US$16,000-23,000

HK$350,000-450,000 US$46,000-58,000

HK$100,000-160,000 US$13,000-21,000

HK$120,000-180,000 US$16,000-23,000

~≈143

149

~≈153

~≈157

GRADE: 1

GRADE: 1

GRADE: 1

GRADE: 1

HK$1,000,000-1,800,000 US$130,000-230,000

HK$100,000-160,000 US$13,000-21,000

HK$400,000-500,000 US$52,000-65,000

HK$400,000-500,000 US$52,000-65,000

A CUSTOM CRAIE & JAUNE POUSSIN EPSOM LEATHER SELLIER BIRKIN 25 WITH PERMABRASS HARDWARE

A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE BIRKIN 25 WITH PALLADIUM HARDWARE

A LIMITED EDITION CRAIE SWIFT LEATHER & OSIER PICNIC BIRKIN 25 WITH PALLADIUM HARDWARE

A BÉTON TOGO LEATHER BIRKIN 25 WITH GOLD HARDWARE

A CRAIE EPSOM LEATHER SELLIER BIRKIN 25 WITH PALLADIUM HARDWARE

A MATTE BÉTON ALLIGATOR BIRKIN 25 WITH PALLADIUM HARDWARE

A CUSTOM CRAIE & BLEU GLACIER EPSOM LEATHER SELLIER BIRKIN 25 WITH BRUSHED PALLADIUM HARDWARE

A MATTE VANILLE ALLIGATOR BIRKIN 25 WITH GOLD HARDWARE

30

~≈173

177

181

24

GRADE: 2

GRADE: 1

GRADE: 1

GRADE: 1

HK$180,000-260,000 US$24,000-34,000

HK$120,000-180,000 US$16,000-23,000

HK$140,000-200,000 US$19,000-26,000

HK$70,000-110,000 US$9,100-14,000

A SHINY BLACK NILOTICUS LIZARD BIRKIN 25 WITH PALLADIUM HARDWARE

A BLACK CALF BOX LEATHER SELLIER BIRKIN 25 WITH PALLADIUM HARDWAR

A LIMITED EDITION TOILE QUADRILLE & BLACK SWIFT LEATHER BIRKIN 25 WITH PALLADIUM HARDWARE

A BLEU ATOLL EPSOM LEATHER BIRKIN 30 WITH GOLD HARDWARE

• NO RESERVE 2025 HONG KONG SPRING EDITION

17

30

28

~≈40

~≈44

60

GRADE: 1

GRADE: 2

GRADE: 2

GRADE: 2

HK$100,000-160,000 US$13,000-21,000

HK$260,000-340,000 US$34,000-44,000

HK$260,000-340,000 US$34,000-44,000

HK$120,000-180,000 US$16,000-23,000

~≈64

81

83

85

GRADE: 1

GRADE: 1

GRADE: 1

GRADE: 2.5

HK$260,000-340,000 US$34,000-44,000

HK$140,000-200,000 US$19,000-26,000

HK$100,000-160,000 US$13,000-21,000

HK$140,000-200,000 US$19,000-26,000

A BLEU COBALT OSTRICH BIRKIN 30 WITH GOLD HARDWARE

A LIMITED EDITION MATTE GRIS ÉLÉPHANT ALLIGATOR, FICELLE LIZARD & MARRON FONCÉ OSTRICH GRAND MARIAGE GHILLIES BIRKIN 30 WITH PERMABRASS HARDWARE

A MATTE BLEU INDIGO NILOTICUS CROCODILE BIRKIN 30 WITH PALLADIUM HARDWARE

A LIMITED EDITION CHAI, LIME, MAUVE SYLVESTRE, BLEU BRUME, CASSIS & NATA SWIFT LEATHER COLORMATIC BIRKIN 30 WITH PALLADIUM HARDWARE

A SHINY BLEU TEMPÊTE POROSUS CROCODILE BIRKIN 30 WITH PALLADIUM HARDWARE

A LIMITED EDITION BISCUIT TOGO & SWIFT LEATHER 3 IN 1 BIRKIN 30 WITH GOLD HARDWARE

A RARE, CUSTOM ROUGE CASAQUE TOGO LEATHER FRINGES BIRKIN 30 WITH PALLADIUM HARDWARE

A CUSTOM ARGILE & ALEZAN SWIFT LEATHER & HORSE CAMOUFLAGE TOILE BIRKIN 30 WITH PALLADIUM HARDWARE

35

93

A GRIS NÉVÉ TOGO LEATHER BIRKIN 30 WITH GOLD HARDWARE

18

122

A ROSE CONFETTI EPSOM LEATHER BIRKIN 30 WITH PALLADIUM HARDWARE

GRADE: 1

GRADE: 1

HK$80,000-120,000 US$11,000-16,000

HK$70,000-110,000 US$9,100-14,000

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

~≈31

A SHINY BLEU ÉLECTRIQUE POROSUS CROCODILE BIRKIN 35 WITH GOLD HARDWARE GRADE: 2.5 HK$140,000-200,000 US$19,000-26,000

35

~≈51

~≈53

~≈61

GRADE: 2

GRADE: 2

GRADE: 2

HK$160,000-240,000 US$21,000-31,000

HK$160,000-240,000 US$21,000-31,000

HK$200,000-280,000 US$26,000-36,000

~≈65

~≈126

138

GRADE: 2

GRADE: 2.5

GRADE: 1

HK$160,000-240,000 US$21,000-31,000

HK$140,000-200,000 US$19,000-26,000

HK$200,000-300,000 US$26,000-39,000

178

~≈179

180

GRADE: 1

GRADE: 1

GRADE: 1

HK$80,000-120,000 US$11,000-16,000

HK$220,000-300,000 US$29,000-39,000

HK$200,000-280,000 US$26,000-36,000

A SHINY AMÉTHYSTE POROSUS CROCODILE BIRKIN 35 WITH PALLADIUM HARDWARE

A MATTE CACAO NILOTICUS CROCODILE BIRKIN 35 WITH PALLADIUM HARDWARE

A LIMITED EDITION BLACK CALF BOX LEATHER BIRKIN 35 WITH GUILLOCHÉ PALLADIUM HARDWARE

A CUSTOM SHINY COLVERT, ROSE SCHÉHÉRAZADE & GRIS FONCÉ POROSUS CROCODILE BIRKIN 35 WITH GOLD HARDWARE

A SHINY ROSE TYRIEN POROSUS CROCODILE BIRKIN 35 WITH PALLADIUM HARDWARE

A SHINY BLACK POROSUS CROCODILE BIRKIN 35 WITH PALLADIUM HARDWARE

2025 HONG KONG SPRING EDITION

A LIMITED EDITION MATTE SANGUINE ALLIGATOR, LIZARD & OSTRICH GRAND MARIAGE BIRKIN 35 WITH PERMABRASS HARDWARE

A LIMITED EDITION WHITE SWIFT LEATHER & EMBROIDERED CANVAS FAUBOURG TROPICAL BIRKIN 35 WITH PALLADIUM HARDWARE

A LIMITED EDITION BLACK CANVAS & BLACK SWIFT LEATHER CARGO BIRKIN 35 WITH PALLADIUM HARDWARE

19

HAC

40

~≈47

101

AN ÉTOUPE TOGO LEATHER HAC BIRKIN 40 WITH PALLADIUM HARDWARE

184

AN EXCEPTIONAL, SHINY BLACK POROSUS CROCODILE BIRKIN 40 WITH 18K WHITE GOLD & DIAMOND HARDWARE GRADE: 2

GRADE: 2

GRADE: 2

HK$500,000-1,000,000 US$65,000-130,000

HK$70,000-110,000 US$9,100-14,000

HK$160,000-240,000 US$21,000-31,000

A LIMITED EDITION VERT OLIVE CANVAS & BLACK EVERCALF LEATHER CARGO HAC BIRKIN 40 WITH PALLADIUM HARDWARE

HAC A DOS

46

A LIMITED EDITION CABAN TOGO LEATHER MULTIPOCKETS HAC BIRKIN 50 WITH PALLADIUM HARDWARE GRADE: 1 HK$260,000-340,000 US$34,000-44,000

100

AN ÉTOUPE TOGO LEATHER HAC A DOS PM WITH PALLADIUM HARDWARE GRADE: 1 HK$40,000-60,000 US$5,200-7,800

BOLIDE ON WHEELS

MINI ~≈36

~≈91

GRADE: 1.5

GRADE: 1

HK$120,000-180,000 US$16,000-23,000

HK$160,000-240,000 US$21,000-31,000

A MATTE BLUE INDIGO ALLIGATOR MINI BOLIDE 1923 WITH GOLD HARDWARE

20

A MATTE GRIS CIMENT ALLIGATOR MINI BOLIDE 1923 WITH GOLD HARDWARE

15

A LIMITED EDITION VERT FIZZ & WHITE EPSOM LEATHER BOLIDE ON WHEELS WITH PALLADIUM HARDWARE GRADE: 1 HK$80,000-120,000 US$11,000-16,000

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

CONSTANCE MICRO MINI

18

~≈32

•118

~≈52

55

GRADE: 1

GRADE: 2

GRADE: 1.5

GRADE: 1

HK$100,000-160,000 US$13,000-21,000

HK$50,000-80,000 US$6,500-10,000

HK$80,000-120,000 US$11,000-16,000

HK$70,000-110,000 US$9,100-14,000

A SHINY BLEU SAPHIR NILOTICUS LIZARD MICRO MINI CONSTANCE WITH GOLD HARDWRAE

A PINK 5P EPSOM LEATHER MICRO MINI CONSTANCE WITH PALLADIUM HARDWARE

A LIMITED EDITION CASSIS EVERCOLOR LEATHER MINI CONSTANCE WITH SHINY BLEU SAPHIR ALLIGATOR & PALLADIUM HARDWARE

A ROUGE VIF OSTRICH MINI CONSTANCE WITH GOLD HARDWARE

18

87

104

AN ÉTAIN EPSOM LEATHER MINI CONSTANCE WITH PALLADIUM HARDWARE

117

124

A NATURAL BUTLER LEATHER MINI CONSTANCE WITH PALLADIUM HARDWARE

GRADE: 1.5

GRADE: 1

GRADE: 1

GRADE: 1

HK$60,000-100,000 US$7,800-13,000

HK$60,000-100,000 US$7,800-13,000

HK$80,000-120,000 US$11,000-16,000

HK$70,000-110,000 US$9,100-14,000

128

~≈129

130

135

GRADE: 1.5

GRADE: 1.5

GRADE: 1

GRADE: 1.5

HK$60,000-100,000 US$7,800-13,000

HK$80,000-120,000 US$11,000-16,000

HK$60,000-100,000 US$7,800-13,000

HK$60,000-100,000 US$7,800-13,000

148

~≈152

165

~≈187

GRADE: 1

GRADE: 1.5

GRADE: 1

GRADE: 1

HK$60,000-100,000 US$7,800-13,000

HK$160,000-240,000 US$21,000-31,000

HK$70,000-110,000 US$9,100-14,000

HK$160,000-240,000 US$21,000-31,000

A ROSE TYRIEN OSTRICH MINI CONSTANCE WITH PALLADIUM HARDWARE

A CRAIE EPSOM LEATHER MINI CONSTANCE MIRROR WITH PERMABRASS HARDWARE

A LIMITED EDITION FRAMBOISE EVERCOLOR LEATHER MINI CONSTANCE WITH SHINY BEIGE SABLE ALLIGATOR & PALLADIUM HARDWARE

A MATTE BÉTON ALLIGATOR MINI CONSTANCE WITH GOLD HARDWARE

A ROSE BUBBLEGUM OSTRICH MINI CONSTANCE MIRROR WITH PALLADIUM HARDWARE

A MAUVE SYLVESTRE CHÈVRE LEATHER MINI CONSTANCE WITH PALLADIUM HARDWARE

A LIMITED EDITION BLACK SOMBRERO LEATHER ON A SUMMER NIGHT MINI CONSTANCE WITH BLACK ENAMEL & PALLADIUM HARDWARE BY NIGEL PEAKE

A LIMITED EDITION ROSE MEXICO SWIFT LEATHER & MARBLE SILK MINI CONSTANCE WITH PALLADIUM HARDWARE

A WHITE EPSOM LEATHER MINI CONSTANCE WITH PALLADIUM HARDWARE

A SHINY BLACK SALVATOR LIZARD MINI CONSTANCE MIRROR WITH PALLADIUM HARDWARE

• NO RESERVE 2025 HONG KONG SPRING EDITION

21

18

24

86

AN ALEZAN EPSOM LEATHER CONSTANCE 1-24 WITH BRUSHED GOLD HARDWARE GRADE: 1

~≈188

Δ190

GRADE: 2

GRADE: 1.5

HK$160,000-240,000 US$21,000-31,000

HK$70,000-110,000 US$9,100-14,000

A MATTE BLACK ALLIGATOR MINI CONSTANCE WITH GOLD HARDWARE

HK$50,000-80,000 US$6,500-10,000

A BLACK CALF BOX LEATHER MINI CONSTANCE WITH GOLD HARDWARE

ELAN

WALLET ~≈56

98

189

GRADE: 1.5

GRADE: 1

GRADE: 1

HK$60,000-100,000 US$7,800-13,000

HK$60,000-100,000 US$7,800-13,000

HK$60,000-100,000 US$7,800-13,000

A SHINY BRAISE ALLIGATOR CONSTANCE WALLET WITH PALLADIUM HARDWARE

AN ÉTOUPE EPSOM LEATHER CONSTANCE ÉLAN MIRROR WITH PALLADIUM HARDWARE

A BLACK EPSOM LEATHER CONSTANCE ÉLAN MIRROR WITH PALLADIUM HARDWARE

LINDY MINI

~≈21

•94

159

GRADE: 1.5

GRADE: 1

GRADE: 1

HK$50,000-80,000 US$6,500-10,000

HK$50,000-80,000 US$6,500-10,000

HK$50,000-80,000 US$6,500-10,000

A LIMITED EDITION MATTE VERT ROUSSEAU ALLIGATOR & VERT BOSPHORE SWIFT LEATHER TOUCH MINI LINDY WITH GOLD HARDWARE

A LIMITED EDITION GRIS CAILLOU VEAU GRIZZLY & ÉTOUPE SWIFT LEATHER MINI LINDY WITH PALLADIUM HARDWARE

SAC À MALICES HERBAG

164

186

GRADE: 1

GRADE: 1

HK$80,000-120,000 US$11,000-16,000

HK$35,000-45,000 US$4,600-5,800

A LIMITED EDITION BLACK & MULTICOLOR TADELAKT, CHÈVRE & EPSOM LEATHER SAC À MALICES FOLIES DU CIEL WITH PALLADIUM HARDWARE

22

A JAUNE MILTON CLÉMENCE LEATHER MINI LINDY II WITH PALLADIUM HARDWARE

LUGGAGE

A BLACK TOILE MILITAIRE & VACHE HUNTER LEATHER MINI HERBAG 20 WITH GOLD HARDWARE & A BLACK SWIFT LEATHER BOLIDE SHARK CHARM

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

•191

A BLACK RÉGATE LEATHER & CANVAS R.M.S CABIN SUITCASE

GRADE: 2 HK$40,000-60,000 US$5,200-7,800

CHANEL 192

A RUNWAY BLACK LUCITE & CRYSTAL ROCKET SHIP EVENING BAG GRADE: 2 HK$50,000-80,000 US$6,500-10,000

193

~≈194

GRADE: 2

GRADE: 1.5

HK$40,000-60,000 US$5,200-7,800

HK$60,000-100,000 US$7,800-13,000

A MATTE GREEN ALLIGATOR MEDIUM CLASSIC DOUBLE FLAP BAG WITH SILVER HARDWARE

A RUNWAY DATA CENTER BLACK LUCITE ROBOT EVENING BAG WITH SILVER HARDWARE

LOUIS VUITTON 3

7

GRADE: 1

GRADE: 1

HK$40,000-60,000 US$5,200-7,800

HK$30,000-40,000 US$3,900-5,200

A LIMITED EDITION PALE BLUE TAURILLON LEATHER FLOWERS MINI CAPUCINES WITH SILVER HARDWARE

BY YAYOI KUSAMA

5

A LIMITED EDITION SILVER MONOGRAM PUMPKIN BAG WITH SILVER HARDWARE

BY YAYOI KUSAMA

A LIMITED EDITION MULTICOLOR MONOGRAM CANVAS KORO KORO CLUTCH BY TAKASHI MURAKAMI

6 GRADE: 1 HK$80,000-120,000 US$11,000-16,000

A LIMITED EDITION YELLOW MONOGRAM PUMPKIN BAG WITH SILVER HARDWARE BY YAYOI KUSAMA

GRADE: 1 HK$70,000-110,000 US$9,100-14,000

• NO RESERVE 2025 HONG KONG SPRING EDITION

23

Δ1

A LIMITED EDITION CLASSIC MONOGRAM AND MULTICOLOR DOTS MALLE PYRAMID SET OF FOUR NESTING TRUNKS WITH BRASS HARDWARE BY YAYOI KUSAMA GRADE: 1 HK$80,000-120,000 US$11,000-16,000

2

A LIMITED EDITION PAINTED PUMPKIN MONOGRAM WATCH BOX WITH BRASS HARDWARE

BY YAYOI KUSAMA

GRADE: 1 HK$100,000-160,000 US$13,000-21,000

•4

A SET OF TWO: LIMITED EDITION MONOGRAMOUFLAGE CANVAS SPEEDY 35 & CARRY ON SUITCASE BY TAKASHI MURAKAMI GRADE: 1 & 2 HK$40,000-60,000 US$5,200-7,800

FURNITURE & LIFESTYLE 195

A SET OF ONE HUNDRED & TEN: SOLEIL D'HERMÈS PORCELAIN SET GRADE: 1 HK$100,000-160,000 US$13,000-21,000

24

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

Presentation plate x 8: Diameter 32 cm Dinner plate x 12: Diameter 27 cm Pasta plate x 6: Diameter 24 x 6 h cm Dessert plate x 22: Diameter 21 cm Soup plate x 2: Diameter 21 cm Bread & butter plate x 12: Diameter 14 cm Large salad bowl x 1: Diameter 27 x 11.5 h cm Small salad bowl x 1: Diameter 24 x 9 h cm Large bowl x 4: Diameter: 16.5 x 8 h cm Medium oval plate x 1: 36 w x 26 h cm Small tray x 1: 16 w x 12 h cm Medium bowl x 18: Diameter 12 x 6 h cm Tart platter x 1: Diameter 32 cm Teapot x 1: Capacity 105 cl Teacup x 8 & saucer x 8: Capacity 20 cl Sugar bowl x 1: Capacity 35 cl Creamer x 1: Capacity 13 cl Tea box x 2: Diameter 10 x 14 h cm

198

A FAUVE TAURILLON H LEATHER & WALNUT WOOD LES NÉCESSAIRES D'HERMÈS CABRIOLET CHAIR GRADE: 1 HK$60,000-100,000 US$7,800-13,000 70 w x 74 h x 63 d cm

199

AN ÉRABLE NATUREL MAPLE WOOD FOLDABLE PIPPA HIGH CONSOLE

GRADE: 1 HK$40,000-60,000 US$5,200-7,800 123 w x 75 h x 34 d cm

200

197

GRADE: 1

GRADE: 1

HK$60,000-100,000 US$7,800-13,000

HK$60,000-100,000 US$7,800-13,000

198 d x 74.5 h x 91 d cm

69-101 w x 118-189 h x 30 d cm

AN ÉTOUPE CLÉMENCE MOBILIER LEATHER & GREY OAK WOOD MATIERES RECEPTION SOFA

A GOLD TAURILLON H LEATHER PANTOGRAPHE FLOOR READING LAMP WITH LED RING

196

A FAUVE TAURILLON H LEATHER & WALNUT WOOD LES NÉCESSAIRES D'HERMÈS SIMPLE TABLE GRADE: 1 HK$20,000-28,000 US$2,600-3,600 Diam 51 x 48 h cm 201

A JEAN-MICHEL FRANK RE-EDITION ÉBÈNE CALFSKIN INVERTED U LONG COFFEE TABLE

GRADE: 1 HK$40,000-60,000 US$5,200-7,800 125 d x 26 h x 50 d cm

2025 HONG KONG SPRING EDITION

25

JEWELS & WATCHES

•8

A SET OF TWO JEWELLERY: 18K ROSE GOLD & DIAMOND KELLY BRACELET & KELLY GOURMETTE BRACELET

•9 GRADE: 1 HK$60,000-100,000 US$7,800-13,000

A SET OF THREE JEWELLERY: 18K ROSE GOLD & DIAMOND BIRKIN PENDANT, KELLY PENDANT & CONSTANCE PENDANT NECKLACES

GRADE: 1 HK$60,000-100,000 US$7,800-13,000

•10

A SET OF TWO JEWELLERY: 18K ROSE GOLD & DIAMOND FINESSE EARRINGS & AN 18K WHITE GOLD & DIAMOND FINESSE BRACELET GRADE: 1 HK$70,000-110,000 US$9,100-14,000

•11

A SET OF TWO 18K ROSE GOLD & DIAMOND JEWELLERY: KELLY CHAÎNE BRACELET & KELLY CADENAS PENDANT

GRADE: 1 HK$30,000-40,000 US$3,900-5,200

12

•~≈13

GRADE: 1

GRADE: 1

HK$120,000-200,000 US$16,000-26,000

HK$40,000-60,000 US$5,200-7,800

A SET OF TWO 18K ROSE GOLD & DIAMOND JEWELLERY: A CLOU D'H BRACELET & A MINI MÉDOR JOAILLERIE WATCH

A DIAMOND SET ARCEAU LE TEMPS VOYAGEUR WATCH WITH MATTE GRIS PERLE ALLIGATOR STRAP

• NO RESERVE 26

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

~≈167

A SHINY BLACK NILOTICUS LIZARD MINI KELLY 20 II WITH PALLADIUM HARDWARE HERMÈS, 2024 GRADE: 1 20 w x 14 h x 6 d cm HK$200,000-280,000 US$26,000-36,000

107

A GRAPHITE OSTRICH MINI KELLY 20 II WITH GOLD HARDWARE HERMÈS, 2020 GRADE: 1 20 w x 14 h x 6 d cm HK$180,000-260,000 US$24,000-34,000

~≈92

~≈33

HERMÈS, 2023

HERMÈS, 2018

GRADE: 1.5 20 w x 14 h x 6 d cm

GRADE: 1.5 20 w x 14 h x 6 d cm

HK$380,000-480,000 US$50,000-62,000

HK$260,000-340,000 US$34,000-44,000

A MATTE GRIS NÉVÉ ALLIGATOR MINI KELLY 20 II WITH PALLADIUM HARDWARE

2025 HONG KONG SPRING EDITION

A SHINY BLEU SAPHIR ALLIGATOR MINI KELLY 20 II WITH PALLADIUM HARDWARE

27

When it comes to the perfect blend of sweetness and charisma, nothing embodies this dual charm better than the Girl Crush style. As a trending concept in music, fashion, and entertainment, the most distinctive appeal of Girl Crush lies in its ability to evoke admiration and appreciation among women.

Breaking free from the traditional image of femininity, which is often associated with delicacy and softness, this style redefines female allure with confidence, boldness, and a powerful presence, making a profound impact on global pop culture.

Unlike purely innocent cuteness or overt sensuality, the essence of Girl Crush centers on projecting a strong, self-assured aura.

It masterfully blends refreshing sweetness with androgynous boldness, infusing softness with an undercurrent of strength and a rebellious spirit. This unique harmony of contrasts, tender yet fierce, is precisely what makes Girl Crush so captivating, embodying a fashion attitude that balances strength and grace.

若論及甜美與帥氣並存的雙重魅力，非 Girl Crush風格莫屬。作為風

靡音樂、時尚與娛樂圈的流行概念，Girl Crush最獨特的魅力在於能 引發女性 之間的仰慕與欣賞。這種 風 格跳 脫傳統女性甜美柔弱的框

架，以自信灑脫、帥氣強勢的姿態重新定義女性魅力，在全球流行文 化中深具影響力。

有別於單純的清純可愛或性感嫵媚，Gi rl Cr ush 風格的核心在於展

現 女性自信強 大的氣場。它巧妙融合清爽甜美的特質與中性霸氣的 元素，在柔美中注入力量感，更蘊含著不羈的反叛精神。這種柔中帶 剛的獨特氣質，正是 Girl Crush風格令人著迷的關鍵所在，可謂是一 種剛柔並濟的時尚態度 。

~≈116

A CUSTOM MATTE PINK 5P & GRIS PERLE ALLIGATOR RETOURNÉ KELLY 25 WITH BRUSHED PALLADIUM HARDWARE HERMÈS, 2021 GRADE: 1 25 w x 19 h x 9 d cm HK$350,000-550,000 US$46,000-71,000

28

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

~≈50

~≈54

~≈171

~≈48

A RARE, MATTE BLEU MARINE ALLIGATOR, DEEP BLUE MADAME, ORANGE H SWIFT, BLEU INDIGO & BLEU OBSCUR SOMBRERO, CRAIE EPSOM LEATHER FAUBOURG SELLIER BIRKIN 20 WITH PALLADIUM HARDWARE

A SHINY ROSE POURPRE NILOTICUS CROCODILE SELLIER KELLY 25 WITH PALLADIUM HARDWARE

A SHINY BLACK ALLIGATOR KELLY POCHETTE WITH PALLADIUM HARDWARE

HERMÈS, 2020

GRADE: 1 22 w x 13 h x 6 d cm

A RARE, MATTE AIZOME TOMEKON POROSUS CROCODILE SELLIER BIRKIN 25 WITH PALLADIUM HARDWARE

HERMÈS, 2013 GRADE: 1 20 w x 16 h x 11 d cm

GRADE: 1 25 w x 19 h x 9 d cm HK$300,000-400,000 US$39,000-52,000

HERMÈS, 2024

HK$240,000-320,000 US$32,000-41,000

HERMÈS, 2024 GRADE: 1 25 w x 19 h x 14 d cm HK$450,000-650,000 US$59,000-84,000

HK$900,000-1,400,000 US$120,000-180,000

~≈59

~≈57

~≈172

~≈33

A RARE, CUSTOM MATTE BOUGAINVILLIER ALLIGATOR & MALACHITE SWIFT LEATHER QUELLE IDOLE WITH PALLADIUM HARDWARE

A SHINY GÉRANIUM ALLIGATOR KELLY POCHETTE WITH PALLADIUM HARDWARE

A MATTE BLACK ALLIGATOR MINI KELLY 20 II WITH GOLD HARDWARE

A SHINY BLEU SAPHIR ALLIGATOR MINI KELLY 20 II WITH PALLADIUM HARDWARE

HERMÈS, 2013

GRADE: 1 20 w x 14 h x 6 d cm

HERMÈS, 2018 GRADE: 1.5 15 w x 12 h x 6 d cm HK$500,000-1,000,000 US$65,000-130,000

GRADE: 2 22 w x 13 h x 6 d cm HK$120,000-180,000 US$16,000-23,000

HERMÈS, 2019

HK$300,000-400,000 US$39,000-52,000

2025 HONG KONG SPRING EDITION

HERMÈS, 2018 GRADE: 1.5 20 w x 14 h x 6 d cm HK$260,000-340,000 US$34,000-44,000

29

BLOKETTE

30

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

Blokette is the perfect fusion of Blokecore (street sportswear) and Coquette (romantic femininity), seamlessly blending two seemingly opposing aesthetics: bold athletic elements with delicate, feminine details to create a distinctive style that is both effortlessly cool and sweetly charming.

Blokette 是 Blokecore (街頭運動風) 與 Coquette（浪漫 唯美風) 的完美融合，將兩種看似對立的風格 : 陽剛的運 動元素與柔美的女性化細節巧妙結合，創造出一種既瀟 灑率性又不失甜美的獨特美學。Blokette的核心魅力，在 於它打破了傳統性別的刻板框架，讓剛毅與柔媚在同一 造型中和諧共生，展現出「甜酷風」的時尚態度。

The essence of Blokette lies in its defiance of traditional gender norms, harmonizing strength and softness within a single look to embody a "Sweet meets Edgy" in fashion.

83

178

HERMÈS, 2021

HERMÈS, 2014

GRADE: 1 30 w x 22 h x 15 d cm

GRADE: 1 35 w x 25 h x 18 d cm

HK$100,000-160,000 US$13,000-21,000

HK$80,000-120,000 US$11,000-16,000

133

60

HERMÈS, 2021

HERMÈS, 2010

GRADE: 1 25 w x 19 h x 14 d cm

GRADE: 2 30 w x 22 h x 15 d cm

HK$180,000-260,000 US$24,000-34,000

HK$120,000-180,000 US$16,000-23,000

A LIMITED EDITION BISCUIT TOGO & SWIFT LEATHER 3 IN 1 BIRKIN 30 WITH GOLD HARDWARE

A LIMITED EDITION NATA CANVAS & SWIFT LEATHER CARGO BIRKIN 25 WITH PALLADIUM HARDWARE

A LIMITED EDITION BLACK CALF BOX LEATHER BIRKIN 35 WITH GUILLOCHÉ PALLADIUM HARDWARE

A RARE, CUSTOM ROUGE CASAQUE TOGO LEATHER FRINGES BIRKIN 30 WITH PALLADIUM HARDWARE

2025 HONG KONG SPRING EDITION

31

PREPPY STYLE 43

A LIMITED EDITION BLEU NUIT, BLACK, CHAI, ÉTOUPE & GOLD SWIFT LEATHER COLORMATIC RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE HERMÈS, 2022 GRADE: 1 25 w x 19 h x 9 d cm

Colormatic Ke

HK$160,000-240,000 US$21,000-31,000

lly 25 62

A LIMITED EDITION ROUGE SELLIER EPSOM LEATHER, BLACK TADELAKT LEATHER & ROSE DARLING CHÈVRE LEATHER CASAQUE ETOILEE SELLIER KELLY 25 WITH PALLADIUM HARDWARE HERMÈS, 2024 GRADE: 1 25 w x 19 h x 9 d cm HK$160,000-240,000 US$21,000-31,000

Horse Camoufla ge

Birkin 30

85

A CUSTOM ARGILE & ALEZAN SWIFT LEATHER & HORSE CAMOUFLAGE TOILE BIRKIN 30 WITH PALLADIUM HARDWARE HERMÈS, 2014 GRADE: 2.5 30 w x 22 h x 15 d cm HK$140,000-200,000 US$19,000-26,000

32

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

165

A LIMITED EDITION BLACK SOMBRERO LEATHER ON A SUMMER NIGHT MINI CONSTANCE 18 WITH BLACK ENAMEL AND PALLADIUM HARDWARE BY NIGEL PEAK HERMÈS, 2017 GRADE: 1 HK$70,000-110,000 US$9,100-14,000

Night M Summer

ance ini Const

Preppy Style (also known as Ivy League style) originated from the elite preparatory schools and Ivy League universities along America's East Coast in the early 20th century. Students at these institutions cultivated a refined yet understated dress code that reflected both their privileged upbringing and commitment to traditional values.

What makes Preppy Style endure isn't merely its fashion appeal, but its embodiment of a lifestyle philosophy - one that values meticulous attention to detail, respect for tradition, while maintaining effortless ease. At its core lies the artful combination of timeless wardrobe staples that are both practical and thoughtfully detailed.

This versatile aesthetic transitions seamlessly from formal occasions to everyday wear, perfectly capturing the essence of "Casual Elegance".

Preppy Style（貴族學院風）起源於20世紀初的美國東

岸。當時，私立預備學校（Preparatory schools）和常 春藤盟校的學生們，以低調卻精緻的穿搭展現良好的教 養與對傳統價值的堅持。

71

A RARE, FAUVE BARÉNIA LEATHER & BEECHWOOD PERSPECTIVE CAVALIÈRE KELLYWOOD 22 WITH PALLADIUM HARDWARE

Preppy Style之所以歷久不衰，不僅因為它是一種穿搭

方式，更是 生活態度的體現，講究 細節、尊重傳統，卻 又不失輕鬆自在。其核心在於「經典單品的巧妙組合」

HERMÈS, 2024 GRADE: 1 22 w x 19 h x 8.5 d cm HK$350,000-450,000 US$46,000-58,000

Kelly wo o

，既實用又充滿細節。這種風格既適合正式場合，又能

d

輕鬆融入日常生活，完美展現了「休閒優雅」（Casual

Elegance）的精神。

181

A LIMITED EDITION TOILE QUADRILLE & BLACK SWIFT LEATHER BIRKIN 25 WITH PALLADIUM HARDWARE HERMÈS, 2023 GRADE: 1 25 w x 19 h x 14 d cm HK$140,000-200,000 US$19,000-26,000

Birkin 25 Go Team

45

A LIMITED EDITION CABAN, BLEU NUIT SWIFT LEATHER & FEUTRE, NEW WHITE MILO LAMBSKIN GO TEAM BIRKIN 25 WITH PALLADIUM HARDWARE HERMÈS, 2023 GRADE: 1 25 w x 19 h x 14 d cm HK$180,000-260,000 US$24,000-34,000

Quadrille Can vas Birkin 25

81

A LIMITED EDITION CHAI, LIME, MAUVE SYLVESTRE, BLEU BRUME, CASSIS & NATA SWIFT LEATHER COLORMATIC BIRKIN 30 WITH PALLADIUM HARDWARE HERMÈS, 2023 GRADE: 1 30 w x 22 h x 15 d cm HK$140,000-200,000 US$19,000-26,000

2025 HONG KONG SPRING EDITION

30 tic Birkin Colorma

33

MOCHA MOUSSE "Mocha Mousse", Pantone’s 2025 Color of the Year, is a warm and subtle brown tone that evokes the perfect blend of rich coffee and velvety chocolate. Its name combines the depth of "mocha" with the airy lightness of "mousse", reminiscent of the sweet delight brought by an exquisite dessert.

The popularity of this hue reflects modern desires for "daily comfort" and "natural sophistication". It retains the understated elegance of a classic brown while infusing the senses with cozy warmth. Unpretentious and organic, its soft, mousselike texture soothes the soul and brings a touch of balance and tranquility to our hectic lives, and this is precisely the essence of Mocha Mousse’s appeal.

Pantone 2025年度代表色「摩卡慕斯」，是一款溫暖柔和的棕色调 ， 彷彿將濃郁的咖啡與絲滑的巧克力完美融合。其名稱結合了「摩卡」的 醇厚與「慕斯」的輕盈，讓人聯想到精緻甜點帶來的甜蜜幸福感。

這一 色系的流行，正呼應了當代 人 對「日常 療癒 」與「自然 質感 」的

追求。它既保有經 典 棕 調的低調優 雅，又 能 為感官注 入溫暖 舒適 的 氛圍。沒有過度修飾的自然色澤，如同幕斯般輕柔，不僅撫慰人心， 更為繁忙的生活帶來一絲平 衡與寧靜，這 正是摩卡慕斯風 靡全 球的 關鍵魅力。

79

~≈77

A LIMITED EDITION CHAI, MAUVE SYLVESTRE, TERRE BATTUE & CÉLESTE EPSOM LEATHER KELLYDOLE PICTO WITH PALLADIUM HARDWARE

A MATTE GOLD ALLIGATOR MINI KELLY 20 II WITH GOLD HARDWARE HERMÈS, 2023 GRADE: 1 20 w x 14 h x 6 d cm

HERMÈS, 2022

HK$420,000-500,000 US$55,000-65,000

GRADE: 1 16.5 w x 11.5 h x 7 d cm HK$300,000-400,000 US$39,000-52,000

78

A CHAI OSTRICH KELLY DANSE WITH GOLD HARDWARE HERMÈS, 2022 GRADE: 1 21 w x 17 h x 7 d cm HK$160,000-240,000 US$21,000-31,000

67

86

76

A LIMITED EDITION FAUVE BARÉNIA LEATHER SELLIER PADDED KELLY 25 WITH GOLD HARDWARE

AN ALEZAN EPSOM LEATHER CONSTANCE 1-24 WITH BRUSHED GOLD HARDWARE

A GOLD SWIFT LEATHER KELLY POCHETTE WITH PALLADIUM HARDWARE

HERMÈS, 2024

HERMÈS, 2021

GRADE: 1 24 w x 18 h x 6 d cm

GRADE: 1 22 w x 13 h x 6 d cm

GRADE: 1.5 25 w x 19 h x 9 d cm HK$100,000-160,000 US$13,000-21,000

34

HK$50,000-80,000 US$6,500-10,000

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

HERMÈS, 2024

HK$60,000-100,000 US$7,800-13,000

82

~≈88

A LIMITED EDITION BISCUIT SWIFT LEATHER IN & OUT BIRKIN 25 WITH PALLADIUM HARDWARE

A CUSTOM MATTE KRAFT & GRIS PERLE ALLIGATOR MINI KELLY 20 II WITH GOLD HARDWARE

HERMÈS, 2021

HERMÈS, 2022

GRADE: 1 25 w x 19 h x 14 d cm

GRADE: 1 20 w x 14 h x 6 d cm

HK$100,000-160,000 US$13,000-21,000

HK$400,000-500,000 US$52,000-65,000

•73

80

A GOLD TOGO LEATHER BIRIN 25 WITH GOLD HARDWARE

A CHAI SWIFT LEATHER KELLY POCHETTE WITH GOLD HARDWARE

HERMÈS, 2022

HERMÈS, 2022

GRADE: 1 25 w x 19 h x 14 d cm

GRADE: 1 22 w x 13 h x 6 d cm

HK$100,000-160,000 US$13,000-21,000

HK$60,000-100,000 US$7,800-13,000

66

A LIMITED EDITION ALEZAN & BEIGE MARFA SWIFT LEATHER BIRKIN 25 WITH PALLADIUM HARDWARE HERMÈS, 2024 GRADE: 1 25 w x 19 h x 14 d cm HK$100,000-160,000 US$13,000-21,000

2025 HONG KONG SPRING EDITION

35

MADELEINE The "Madeleine" style draws inspiration from the classic French dessert, the Madeleine cake, perfectly embodying the elegant essence of "sweet but not cloying". This style artfully blends the refined sophistication of high-society nobility with the effortless chic of French nonchalance.

「瑪德蓮千金風」從法式經典甜點瑪德蓮蛋糕（ Madeleine）中汲取

In terms of color palette, it features soft, low-saturation cream tones including delicate pink, lavender, buttery yellow, and baby blue, woven together to create a sweet yet elevated visual language. This unique aesthetic transforms pastry-inspired beauty into fashion expression, retaining the DNA of French romance while exuding aristocratic grace. It is particularly suited for the modern woman who seeks refined elegance while balancing youthful vibrancy and subtle maturity.

種將甜點美學轉化為時尚表達的獨特風格，既保留了法式浪漫的基因，

36

靈感，完美詮釋了「甜而不膩」的優雅精髓。這一風格巧妙糅合了名媛 貴族的精致氣質與法式特有的慵懶率性。 在色彩運用上，以低飽和度的奶油色系為主調，柔嫩粉、淺紫、奶油黃 與嬰兒藍等溫柔色調，共同編織出甜美而不失高級感的視覺語言。這 又兼具名媛氣質，特別適合追求精緻，同時平衡少女靈動與輕熟韻味 的現代女性。

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

132

A LIMITED EDITION NATA SWIFT LEATHER IN & OUT RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE

•115

A ROSE SAKURA & NATA CHÈVRE LEATHER BIRKIN 25 WITH BRUSHED PALLADIUM HARDWARE

24

A BLEU ATOLL EPSOM LEATHER BIRKIN 30 WITH GOLD HARDWARE HERMÈS, 2020

HERMÈS, 2021

HERMÈS, 2022

GRADE: 1 30 w x 22 h x 15 d cm

GRADE: 1 25 w x 19 h x 9 d cm

GRADE: 1 25 w x 19 h x 14 d cm

HK$70,000-110,000 US$9,100-14,000

HK$160,000-240,000 US$21,000-31,000

HK$120,000-180,000 US$16,000-23,000

15

160

A LIMITED EDITION VERT FIZZ & WHITE EPSOM LEATHER BOLIDE ON WHEELS WITH PALLADIUM HARDWARE HERMÈS, 2024 GRADE: 1 20 w x 14.5 h x 8 d cm HK$80,000-120,000 US$11,000-16,000

A JAUNE POUSSIN SWIFT LEATHER RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE HERMÈS, 2015 GRADE: 2 25 w x 19 h x 9 d cm HK$60,000-100,000 US$7,800-13,000

117

A ROSE BUBBLEGUM OSTRICH MINI CONSTANCE MIRROR WITH PALLADIUM HARDWARE HERMÈS, 2024 GRADE: 1 18 w x 15 h x 5 d cm HK$80,000-120,000 US$11,000-16,000

2025 HONG KONG SPRING EDITION

120

A ROSE AZALÉE SWIFT LEATHER KELLY POCHETTE WITH PALLADIUM HARDWARE HERMÈS, 2019 GRADE: 1.5 22 w x 13 h x 6 d cm HK$60,000-100,000 US$7,800-13,000

137

A CUSTOM CRAIE & JAUNE POUSSIN EPSOM LEATHER SELLIER BIRKIN 25 WITH PERMABRASS HARDWARE HERMÈS, 2022 GRADE: 1 25 w x 19 h x 14 d cm HK$120,000-180,000 US$16,000-23,000

37

~≈171

A SHINY BLACK ALLIGATOR KELLY POCHETTE WITH PALLADIUM HARDWARE HERMÈS, 2024 GRADE: 1 22 w x 13 h x 6 d cm HK$240,000 - 320,000 US$32,000-41,000

38

~≈49

~≈168

A RARE, SHINY BLACK NILOTICUS LIZARD SELLIER BIRKIN 20 WITH PALLADIUM HARDWARE HERMÈS, 2024 GRADE: 1 20 w x 16 h x 11 d cm HK$450,000-550,000 US$ 59,000 - 71,000

A RARE, MATTE AIZOME TOMEKON POROSUS CROCODILE SELLIER KELLY 28 WITH PALLADIUM HARDWARE HERMÈS, 2021 GRADE: 1 28 w x 20 h x 10 d cm HK$400,000-600,000 US$52,000-78,000

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

~≈112

A RARE, SHINY OMBRÉ SALVATOR LIZARD SELLIER KELLY 28 WITH PALLADIUM HARDWARE HERMÈS, 2021 GRADE: 1 28 w x 20 h x 10 d cm HK$260, 000 - 340,000 US$34,000 - 44,000

HIGH-INTELLECTUAL AESTHETIC ~≈155

A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 28 WITH PALLADIUM HARDWARE

In its color palette, it favors the understated refinement of neutral tones – classic combinations of black, white, gray, earth tones and navy blue serving as its foundation. Through meticulous details like premium materials and refined design, it conveys cultivated taste and intellectual depth.

HERMÈS, 2021 GRADE: 1.5 28 w x 20 h x 10 d cm HK$700,000-1,100,000 US$91,000-140,000

~≈143

A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE BIRKIN 25 WITH PALLADIUM HARDWARE HERMÈS, 2021 GRADE: 1 25 w x 19 h x 14 d cm HK$1,000,000-1,800,000 US$130,000-230,000

A RARE, MATTE WHITE HIMALAYA NILOTICUS CROCODILE RETOURNÉ KELLY 25 WITH PALLADIUM HARDWARE HERMÈS, 2021

GRADE: 1.5 20 w x 14 h x 6 d cm HK$380,000-480,000 US$50,000-62,000

而深邃的氣質。在色彩運用上，偏好中性色調的沉穩質感，以黑白灰、

大地色系與深藍等經典配色為主軸，透過精緻細節，如高質量的材質、

考究的設計，來傳遞內在的學養與品味。其靈感源自科學的嚴謹與藝術 的感性，在極簡的外表下蘊含著豐富的知識內涵。在快速變遷的數位時 度建構個人風格的美學範式。

HK$800,000-1,200,000 US$110,000-160,000

HERMÈS, 2023

此風格以「智性魅力」 （intellectual charm）為核心，展現出一種內斂

代，它為追求內外兼備的現代人，提供了一種不盲從潮流、以成熟自信態

GRADE: 1 25 w x 19 h x 9 d cm

A MATTE GRIS NÉVÉ ALLIGATOR MINI KELLY 20 II WITH PALLADIUM HARDWARE

Drawing inspiration from the precision of science and the sensibility of art, this approach conceals rich intellectual substance beneath its minimalist surface. In our rapidly evolving digital age, it offers those seeking both substance and style an aesthetic paradigm – a way to cultivate personal style with confident maturity rather than blind trend-following. 高智商/知識分子風格」是一種巧妙融合學術底蘊與極簡主義的美學。

~≡113

~≈92

The "high-intellectual style" is an aesthetic that artfully blends scholarly sophistication with minimalist principles. Centered around the concept of "intellectual charm," this style exudes a restrained yet profound elegance.

~≈142

~≈157

~≈153

A RARE, MATTE BÉTON ALLIGATOR, WHITE TOGO, SWIFT & SOMBRERO, ORANGE H & CRAIE SWIFT & BLEU BRUME CHÈVRE LEATHER SNOW FAUBOURG SELLIER BIRKIN 20 WITH PALLADIUM HARDWARE

A MATTE VANILLE ALLIGATOR BIRKIN 25 WITH GOLD HARDWARE

A MATTE BÉTON ALLIGATOR BIRKIN 25 WITH PALLADIUM HARDWARE

HERMÈS, 2024

HERMÈS, 2021

GRADE: 1 25 w x 19 h x 14 d cm

GRADE: 1 25 w x 19 h x 14 d cm

HK$400,000-500,000 US$52,000-65,000

HK$400,000-500,000 US$52,000-65,000

HERMÈS, 2021 GRADE: 1 20 w x 16 h x 11 d cm HK$1,200,000-2,200,000 US$160,000-280,000

2025 HONG KONG SPRING EDITION

39

THE ALPHA

The Alpha "Domineering CEO" style blends an imposing presence with unshakable confidence, perfectly combining power intimidation, charisma, and subtle contradictions.

This style embodies innate leadership qualities, further enhanced through meticulously chosen colors that convey undeniable authority.

Visually dominated by cool tones like black and navy blue, each hue carries profound symbolism: black represents absolute authority, while navy blue signifies composed control.

This is the ultimate expression of power and allure. From attire to demeanor, every detail proclaims: "Here, I reign supreme".

T he A lpha「霸道總裁」風格融合強勢 氣場與絕對自信，完美結 合權力震懾、 人格魅力與微妙反差。這種風格展現天 生領袖氣質，更透過精心挑選的色彩傳 遞強大存在感。視覺上以黑、深藍等冷色 調為主，每種顏色都蘊含深意：黑色象征 絕對權威，深藍代表冷靜掌控。這是權力 與魅力的極致 演 繹。從衣著到神態，每 個細節都在宣告：「這裡，由我主宰。」

~≈47

AN EXCEPTIONAL, SHINY BLACK POROSUS CROCODILE BIRKIN 40 WITH 18K WHITE GOLD & DIAMOND HARDWARE HERMÈS, 2012 GRADE: 2 40 w x 36 h x 24 d cm HK$500,000-1,000,000 US$65,000-130,000

40

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

2025 HONG KONG SPRING EDITION

41

COTTAGECORE Cottagecore is a term formed by combining "cottage" and "core", translating to "the essence of rural aesthetics". At its heart, this style is a romantic interpretation of pastoral life, emphasizing three key principles: harmonious coexistence with nature, the revival of traditional crafts, and the promotion of a slow-paced lifestyle.

This lifestyle aesthetic reconnects people with nature through everyday activities. Whether it's feeling the sunlight during a picnic, wandering through the forest, or tending to a garden. These simple yet poetic moments allow city dwellers to fulfill their longing for rural living. The true charm of Cottagecore lies in transforming an abstract yearning for the countryside into tangible, lived experiences.

138

3

A LIMITED EDITION WHITE SWIFT LEATHER & EMBROIDERED CANVAS FAUBOURG TROPICAL BIRKIN 35 WITH PALLADIUM HARDWARE

A LIMITED EDITION PALE BLUE TAURILLON LEATHER FLOWERS MINI CAPUCINES WITH SILVER HARDWARE

BY YAYOI KUSAMA

HERMÈS, 2021

GRADE: 1 21 w x 14 h x 8 d cm

GRADE: 1 35 w x 25 h x 18 d cm HK$200,000-300,000 US$26,000-39,000

LOUIS VUITTON, 2023

HK$40,000-60,000 US$5,200-7,800

139

72

A LIMITED EDITION CRAIE SWIFT LEATHER & OSIER PICNIC BIRKIN 25 WITH PALLADIUM HARDWARE

A LIMITED EDITION GOLD SWIFT LEATHER & OSIER STRIPE PICNIC BIRKIN 25 WITH PALLADIUM HARDWARE

HERMÈS, 2023 GRADE: 1 25 w x 19 h x 14 d cm HK$350,000-450,000 US$46,000-58,000

HERMÈS, 2024 GRADE: 1 25 w x 19 h x 14 d cm HK$350,000-450,000 US$46,000-58,000

18

68

A LIMITED EDITION VERT VERTIGO SWIFT LEATHER & OSIER MINI PICNIC KELLY WITH PALLADIUM HARDWARE

A LIMITED EDITION NATUREL BARÉNIA LEATHER & OSIER MINI PICNIC KELLY WITH PALLADIUM HARDWARE

HERMÈS, 2023

HERMÈS, 2022

GRADE: 1 18.5 w x 13.5 h x 7 d cm

GRADE: 1 18.5 w x 13.5 h x 7 d cm

HK$240,000-320,000 US$32,000-41,000

HK$240,000-320,000 US$32,000-41,000

C ot t a ge c ore 一 詞由 " C ot t a ge"（ 鄉 間 小屋 ）和 "c ore" （核心精神）組合而成，直譯為"鄉村生活的美學精髓"。這

種風格本質上是對田園生活的浪漫詮釋，它強調三個核心

理念：與自然和諧共處、覆興傳統手工藝、以及倡導慢節奏 的生活方式。

這種生活美學通過日常活動重建人與自然的連結。比如在

野餐中感受陽光，在森林漫步，或是園藝勞作—這些簡單卻 充滿詩意的時刻，讓 都市人得以實踐內心對鄉村生活的嚮 往。Cottagecore 的魅力，正是將這種抽象的田園憧憬，轉 化為真實可感的生活體驗。 42

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

70

A RARE FAUVE BARÉNIA LEATHER & BOG OAK KELLYWOOD 22 WITH PALLADIUM HARDWARE HERMÈS, 2021 GRADE: 2 22 w x 19 h x 8.5 d cm HK$300,000-400,000 US$39,000-52,000v

71

A RARE, FAUVE BARÉNIA LEATHER & BEECHWOOD PERSPECTIVE CAVALIÈRE KELLYWOOD 22 WITH PALLADIUM HARDWARE HERMÈS, 2024 GRADE: 1 22 w x 19 h x 8.5 d cm HK$350,000-450,000 US$46,000-58,000

INTERNATIONAL SPECIALISTS’ PICKS

44

192

~≈49

A RUNWAY BLACK LUCITE & CRYSTAL ROCKET SHIP EVENING BAG

A RARE, MATTE AIZOME TOMEKON POROSUS CROCODILE SELLIER KELLY 28 WITH PALLADIUM HARDWARE

CHANEL, FALL-WINTER, 2017

HERMÈS, 2021

GRADE: 2 11 w x 24 h x 11 d cm

GRADE: 1 28 w x 20 h x 10 d cm

HK$50,000-80,000 US$6,500-10,000

HK$400,000-600,000 US$52,000-78,000

The rocket bag launched by Chanel in its Fall/Winter 2017 fashion show features a sleek, space-inspired design modeled after a real rocket. Practical yet stylish, its 'capsule' body opens up for storage and comes with an exquisite chain strap. Karl Lagerfeld used this bag to reflect humanity’s romantic fascination with space exploration, once again proving his genius for merging fantasy with wearable art.

A visionary until the end, Lagerfeld’s daring creativity cemented Chanel’s legacy as a house where imagination knows no bounds. Today, it has become one of Chanel’s most iconic runway bags—a true collector’s piece.

Aizome is the Japan's traditional indigo dyeing technique. Hermès employs this ancient method to craft distinctive leather goods with exceptional depth of color. Unlike conventional dyes, Aizome develops its rich hue gradually through multiple dyeing cycles. The result makes the precious skin shift beautifully in different lights, offering both visual depth and a uniquely tactile quality.

Winsy Tsang Head of Department, Hong Kong

Jerry Chang Head of Sale, Hong Kong

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

國際專家精選

7

71

A LIMITED EDITION MULTICOLOR MONOGRAM CANVAS KORO KORO CLUTCH BY TAKASHI MURAKAMI

A RARE, FAUVE BARÉNIA LEATHER & BEECHWOOD PERSPECTIVE CAVALIÈRE KELLYWOOD 22 WITH PALLADIUM HARDWARE

LOUIS VUITTON, 2025

HERMÈS, 2024

GRADE: 1 14.5 w x 14.5 h x 14.5 d cm

GRADE: 1 22 w x 19 h x 8.5 d cm

HK$30,000-40,000 US$3,900-5,200

HK$350,000-450,000 US$46,000-58,000

Following the huge success of the first launch in 2003, the Louis Vuitton x Murakami collection is making a triumphant return after more than 20 years! This iconic collaboration beautifully merges Murakami's vibrant artistry with Louis Vuitton's luxury craftsmanship, promising to captivate both new fans and longtime enthusiasts.

I am thrilled that we are offering a chic piece in this new collection, featuring a removable natural cowhide-leather strap that allows it to be carried by hand or elegantly looped over the arm. Don't miss this piece if you're looking for a playful collectible that adds a touch of artistry to your wardrobe!

This fantastic piece combines the collectible Fauve Barénia leather trim with a Beechwood frame, featuring intricate marquetry composed of six different types of leather, in eleven colors, totaling 60 individual pieces. From the intricately arranged pieces of leather emerges the Bauhaus-inspried "Perspective Cavalière" pattern, designed by the art collective Anamorphée and first seen represented in an Hermès silk scarf. It is a marriage of craftsmanship, design and art – and together forms one of the rarest Kelly Bags ever created.

Vanessa Kui Associate Specialist, Hong Kong

Rachel Koffsky International Head of Department, New York

2025 HONG KONG SPRING EDITION

45

INTERNATIONAL SPECIALISTS’ PICKS

~≈112

97

A RARE, SHINY OMBRÉ SALVATOR LIZARD SELLIER KELLY 28 WITH PALLADIUM HARDWARE

A LIMITED EDITION GRIS MEYER SWIFT LEATHER SHADOW BIRKIN 25 WITH PALLADIUM HARDWARE

HERMÈS, 2021

HERMÈS, 2024

GRADE: 1 28 w x 20 h x 10 d cm

GRADE: 1 25 w x 19 h x 14 d cm

HK$260,000-340,000 US$34,000-44,000

HK$170,000-240,000 US$22,000-31,000

Ombré Lizard bags over 25cm are nearly unheard of! It is so exciting to have the first Ombré Lizard Kelly 28 to come to auction, and I don't expect to see another anytime soon.

Max Brownawell Head of Department, Americas

46

I have always had a deep appreciation for runway pieces, and the Shadow Birkin perfectly embodies Jean Paul Gaultier’s bold creative vision during his time at Hermès. The relaunch of this design in a mini version was a particularly exciting moment, reigniting interest in what has become an iconic reinterpretation. I admire how it challenges the classic Birkin silhouette while showcasing exceptional craftsmanship. The trompe-l’œil detailing is both clever and sculptural—a tribute to the daring elegance of the JPG era, which remains one of my personal favorites in the house’s history.

Lucile Andreani Head of Department, EMEA

SPECIALISTS’ GUIDE TO HANDBAGS & ACCESSORIES

國際專家精選

~≈168

79

A RARE, SHINY BLACK NILOTICUS LIZARD SELLIER BIRKIN 20 WITH PALLADIUM HARDWARE

A LIMITED EDITION CHAI, MAUVE SYLVESTRE, TERREBATTUE & CÉLESTE EPSOM LEATHER KELLYDOLE PICTO WITH PALLADIUM HARDWARE

HERMÈS, 2024

HERMÈS, 2022

GRADE: 1 20 w x 16 h x 11 d cm

GRADE: 1 16.5 w x 11.5 h x 7 d cm

HK$450,000-550,000 US$59,000-71,000

HK$300,000-400,000 US$39,000-52,000

This ultra rare Birkin 20 is exceptionally sleek in Shiny Black Niloticus Lizard. The color and hardware combination make the piece feel subtle while also being the ultimate statement.

A playful fusion of heritage and modernity, the Mini Kelly Picto reimagines an icon through a pixelated lens. It's a piece that feels both futuristic and timeless, capturing attention with its unexpected form and effortless sophistication. A true collector's piece !

Kiara Cooper Associate Specialist, New York

Eva-Yoko Gault Associate Specialist, Paris

2025 HONG KONG SPRING EDITION

47

IMPORTANT NOTICE THIS IS NOT A CATALOGUE This Guide is provided as a courtesy to you only, and is not a catalogue for the auction.

Condition reports are available on christies. com. Please refer online at www.christies.com for the catalogue, full lot descriptions, Conditions of Sale and important sale information regarding the auction. The sale of each lot is subject to our Conditions of Sale.

重要通告 - 這不是目錄 本指南僅供您參考，並不是拍賣目錄。狀況報告可以在 christies.com 上找到。請於 http://www.christies. com 線上查閱目錄，完整的拍品描述，業務規定及有關拍 賣的重要銷售資訊。每件拍品的銷售均受我們的業務規定

REGISTRATION REQUIREMENTS, HIGH VALUE PADDLE & DEPOSIT Please note that Christie’s does not accept payment from third parties, including agents, and that invoice details cannot be changed after the sale.

If you have not previously bid or consigned with Christie’s, please attach copies of the following documents.

Individuals: Government-issued photo identification (such as a photo driving license, national identity card, or passport) and, if not shown on the ID document, proof of current address, for example a utility bill or bank statement.

Corporate clients: Certificate of incorporation, proof of company address, photo ID copy of the authorized bidder, letter of authorization duly signed by the director or the legal representative and, where applicable, chopped with company stamp and official document listing directors and beneficial owners.

約束。

Other business structures such as trusts, offshore companies or partnerships: Please contact the Credit Department at +852 2978 6870 for advice on the information you should supply.

ESTIMATES AND RESERVES

If you are registering to bid on behalf of someone who has not previously bid or consigned with Christie’s, please attach identification documents for yourself as well as the party on whose behalf you are bidding, together with a signed letter of authorisation from that party.

Estimates are based on the condition, rarity, quality and provenance of the lots and on prices recently paid at the auction for similar property.

Estimates can change. No bidder or other person may rely on any estimates as a prediction or guarantee of the actual selling price of a lot or its value for any other purpose. Estimates do not include the buyer’s premium or any applicable taxes. Each lot is subject to a reserve unless marked with the no reserve symbol.

估價及底價 估價基於拍品的狀況、稀有性、品質和來源以及最近就類 似物品在拍賣中賣出的價格。估價可能會改變。投標者或 其他人不可以出於任何其他目的依賴任何估價以預測或 保證拍品的實際售價或其價值。估價不包含買方酬金或任 何適用稅費。 每件拍品均受底價約束,標有無底價符號除 外。

New clients, clients who have not made a purchase from any Christie’s office within the last 24 months, and those wishing to spend more than on previous occasions will be asked to supply a bank reference and/or a recent bank statement and we may also require a deposit as we deem appropriate as a condition of allowing you to bid. If you are asked to provide a deposit, it may be made by calling at +852 2978 5371.

Your bidder registration will not be considered complete until we receive payment of the deposit in full and cleared funds.

The bidding form must be received at least 24 hours before the auction begins. We will accept bids by telephone for lots only if our staff are available to take the bids. Christie’s will confirm all bids received by e-mail by return e-mail. If you have not received confirmation within one business day, please resubmit your bid(s) or contact Bids Department.

To apply for a high value lot (“HVL”) paddle, you will need to pay a HVL deposit, which we will calculate for you. Generally it will be the higher of: (i) HK$1,600,000 or (ii) 20% of the aggregate low estimates of the HVLs you intend to bid on; or (iii) such other amount as we may determine from time to time. The HVL registration procedure applies even if you have already registered to bid in our sales on other lots. We reserve the right to change our HVL registration procedure and requirements from time to time without notice.

The auctioneer will usually only accept bids for High Value Lots if a deposit has been arranged prior to the day of sale and the High Value Lot pre-registration application has been completed. High Value Lot Deposit Forms should be sent to the Bids Department by email to bidsasia@christies.com. I understand that if I have not completed the High Value Lot pre-registration before sale I will not be permitted to bid for High Value Lots.

If you are not successful in any bid and do not owe any Christie’s group company any money, the deposit will be refunded to you by way of wire transfer or such other method as determined by Christie’s. Please make sure that you provide your bank details in the High Value Lot Deposit Forms.

BIDDING INCREMENTS Bidding generally starts below the low estimate and increases in steps (bid increments) of up to 10 per cent. The auctioneer will decide where the bidding should start and the bid increments. Written bids that do not conform to the increments set below may be lowered to the next bidding interval.

HK$1,000 to HK$2,000 by HK$100s HK$2,000 to HK$3,000 by HK$200s HK$3,000 to HK$5,000 by HK$200, 500, 800 (i.e.: HK$4,200, HK$4,500, HK$4,800) HK$5,000 to HK$10,000 by HK$500s HK$10,000 to HK$20,000 by HK$1,000s HK$20,000 to HK$30,000 by HK$2,000s HK$30,000 to HK$50,000 by HK$2,000, 5,000, 8,000 (i.e.: HK$32,000, HK$35,000, HK$38,000) HK$50,000 to HK$100,000 by HK$5,000s HK$100,000 to HK$200,000 by HK$10,000s HK$200,000 to HK$300,000 by HK$20,000s HK$300,000 to HK$500,000 by HK$20,000, 50,000, 80,000 (i.e.: HK$320,000, HK$350,000, HK$380,000) HK$500,000 to HK$1,000,000 by HK$50,000s Above HK$1,000,000 at auctioneer’s discretion The auctioneer may vary the increments during the course of the auction at his or her own discretion.

The auctioneer will take reasonable steps to carry out written bids at the lowest possible price, taking into account the reserve. Written bids submitted on “no reserve” lots will, in the absence of a higher bid, be executed at approximately 50% of the low estimate or at the amount of the bid if it is less than 50% of the low estimate.

登記規定，高額競投牌及保證金 佳士得不接受包括代理人在內之第三方付款；付款資料於拍賣會完結後將 不能更改。 如閣下未曾於佳士得競投或託售拍賣品，請附上以下文件之副本。 個人：政府發出附有相片的身份證明文件（如附有相片的駕駛執照、國民身 份證或護照），及（如身份證明文件未有顯示現時住址）現時住址證明，如 公用事業帳單或銀行月結單。 公司客戶：公司註冊證書、公司地址證明、被授權競投者附有相片的身份證 明文件，由公司董事或法人按公司規定簽署及（若有）蓋有公司章的競投授 權書，以及列出所有董事及最終受益人的公司文件。 其他業務結構，如信託機構、離岸公司或合夥公司：請與信用部聯絡， 以諮詢閣下須提供何種資料，電話為+852 2978 6870。 如閣下登記代表未曾於佳士得競投或託售拍賣品人士競投，請附上閣下本 人的身份證明文件，以及閣下所代表競投人士的身份證明文件，連同該人 士簽發的授權書。

新客戶、過去二十四個月內未有在佳士得投得拍賣品，及本次擬出價金額高 於過往之客戶，須提供銀行信用證明及／或近期的銀行月結單，亦或須繳付 本公司指定的有關保證金作為允許閣下競投的先決條件。如閣下被要求提供 保證金，閣下可致電+852 2978 5371 安排付款。閣下的競投申請會在 我們收到保證金的全額付款後方可作實。 本競投表格必須在拍賣開始前至少24 小時收到。我們只會在能夠安排 人員協助電話競投的情況下接受電話競投拍賣品。佳士得公司將以電郵 確認收到閣下電郵之競投表格。如您在一個工作日內未能收到確認， 請重新遞交競投表格或聯繫投標部。 如需申請高額拍品競投號碼牌， 閣下需繳付適用於高額拍品的保證金一般為（i）港幣1,600,000元；或（ii）閣下擬競投的全部拍賣品低估價總值 之20%； 或（iii）其他我們不時設定的金額（以較高者為準）。即使閣下 已於佳士得其他拍賣登記，閣下仍需為高額拍品按高額拍品登記程序進行登 記。佳士得保留不時更改高額拍品登記程序及要求的權利而不作另行 通知。 拍賣官一般僅接受已於拍賣日前繳付保證金並已完成高額拍賣品預先 登記人士之高額拍賣品競投。請將已填妥之高額拍賣品之登記表格電郵 bidsasia@christies.com至投標部。閣下知悉若閣下未於拍賣前完成高額 拍賣預先登記，閣下將不獲准競投高額拍賣品。 若閣下未能成功競投任何拍賣品，對佳士得或佳士得集團其他公司亦無 任何欠款，保證金將以電匯方式或佳士得決定之其他方式退還閣下。 請確保閣下在高額拍賣品保證金表格已提供有關之銀行資料詳情。

競投價遞增幅度 競投一般由低於低端估價開始，通常每次喊價之遞增幅度（競投價遞增幅 度）最高為10%，拍賣官會自行决定競投開始價位及遞增幅度。書面競投價 若與下列之遞增幅度不一致，將被調低至下一個喊價金額： 競投價 每次喊價之遞增金額 1,000-2,000 港元 100 港元 2,000-3,000 港元 200 港元 3,000-5,000 港元 200, 500, 800 港元 （例4,200, 4,500, 4,800 港元） 5,000-10,000 港元 500 港元 10,000-20,000 港元 1,000 港元 20,000-30,000 港元 2,000 港元 30,000-50,000 港元 2,000, 5,000, 8,000 港元 （例32,000, 35,000, 38,000 港元） 50,000-100,000 港元 5,000 港元 100,000-200,000 港元 10,000 港元 200,000-300,000 港元 20,000 港元 300,000-500,000 港元 20,000, 50,000, 80,000 港元 （例320,000, 350,000, 380,000港元） 500,000-1,000,000 港元 50,000 港元 1,000,000 港元或以上 拍賣官自行決定 在拍賣時拍賣官可酌情更改每次增加之額度。 拍賣官將在參考底價後， 合理地履行書面競投務求以可能的最低價行使書 面標。如果您以書面競投一件”沒有底價”的拍賣品，而且沒有其他更高叫 價，我們會為您以低端估價的50%進行競投；或如果您的投標價低於低端估 價的50%，則以您的投標價進行競投。

(Updated on October 2023)

6T H FLO O R

TH E H ENDER S O N 香港

中環

2 M U RR AY ROA D C EN T R A L TH E HE N D ER SO N 6 樓

美利道2號

H O N G KO N G