The most extraordinary Hermes bag of all time, probably the world’s rarest, and no doubt the most desirable handbag in the world, is up for auction, to take place at Heritage Auctions in Beverly Hills on September 23, as part of the company’s Luxury Accessories Signature Auction. So it’s time to get those wallets – or purses - out. It has been said that the 30cm Diamond, Matte Himalayan Nilo Crocodile Birkin Bag encrusted with 18 carat white gold hardware encrusted with 245 glittering diamonds is expected to bring in close to 200,000 dollars thanks to its rare and collectible nature. The bag has its fair share of celebrity fans with Victoria Beckham owning a collection worth 2.3 million dollars and Tamara Ecclestone boasting some 30 Birkins. The last time there was this much fuss over a Birkin was in 2011 when a red crocodile Birkin with diamonds sold for a world record auction price of 203,150 dollars. This year’s Nilo Crocodile version might even exceed that record as according to Kathleen Guzman, a Managing Director at Heritage Auctions, “This is the only time that a bag of this caliber has appeared on the luxury re-sale market. This is a dream piece for the collection of true Hermes aficionados.” True collectors are already probably liquidating their assets in preparation for the auction which will take place at Heritage Auctions in Beverly Hills on September 23, as part of the company’s Luxury Accessories Signature Auction. Other handbags from high-end fashion houses, including Hermes, Chanel, and Louis Vuitton,will also be up for grabs, such as the extraordinarily rare Louis Vuitton Limited Edition & LCD Screen Black Epi Leather Sac Fusion by Fabrizio Plessi. The bag has an LED behind the iconic "LV" initial, which shows images of molten gold flowing through. It was designed exclusively for the grand opening of the Louis Vuitton store in Hong Kong in 2008, with only 88 made in total. Further highlights include a stunning Hermès Bamboo Birkin, a new colour introduced by the atelier just this year.