Japanese CEO of Luxury Reseller Revealed as Buyer of $10 M. Birkin

Sakimoto Sakimoto, CEO of luxury goods dealer Value Holdings Inc., revealed in an interview last week that he was the buyer of Hermès BirkinBag auctioned by Hermès BirkinBag. Khaleej Times on Monday.

The handmade all-black leather bag is sold in Sotheby’s Paris for 8.6 million euros ($10 million). The original Birkin was commissioned in 1984 and worked with actress and fashion icon Jane Birkin, who was then CEO of Hermès. It was previously sold at a Paris auction in 2000 and has remained in a private French collection until last week.

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An auctioneer at the podium next to the painting image, showing a woman bent with one hand.

At the time of sale, Sotheby’s said the winning bidder was anonymous Japanese buyer. But Sakimoto is no longer anonymous Khaleej Times The company he founded in 2011 was a “personal milestone” and a “decisive moment of value”.

Through Value and its former company Nanboya, a store that resells luxury goods, Sakimoto is a proponent of what he calls “circulating luxury goods,” which he defines as a sustainable and ethical form of luxury that gives these items a second lifespan. Value hosts its own auctions, resale of fine arts, retro watches and identity verification.

“It’s not just a record purchase; it’s about respecting one of the most iconic works of fashion,” he said. “For me, it’s about making sure that this masterpiece will be mastered by a company that really values its story and will share that story with the world. We are proud, humble and deeply excited about what’s going on.”

Sakimoto said he believes Birkin is a manifestation of Value’s mission, perhaps implying that he now has his own stuff for sale. He said he plans to eventually display the bags in Japan.

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