Ammon News - A black leather Birkin bag just sold for €8.6 million ($10 million), with fees, becoming the most expensive handbag to ever sell at auction. The hammer fell at a winning bid of €7 million ($8.2 million).

The first ever Birkin to have been created by Hermès, the bag was designed for the British actor and singer Jane Birkin. The Francophone style icon used it nearly every day from 1985 to 1994, before it became the ultimate symbol of luxury.

On Thursday, the rarefied bag was sold by auction house Sotheby’s in an online sale of notable luxury fashion, including designs by Alexander McQueen and Christian Dior.

The auction house declined to provide an estimate of the original Birkin to CNN ahead of the sale, but advanced bidding had already smashed records at €1 million.

During a live stream of the sale, gasps could be heard as the bidding pushed higher and higher. The 10-minute bidding war between nine collectors ultimately ended in victory for a private collector from Japan, according to a Sotheby’s press release. CNN