Sotheby's is hosting a private sale of an extremely rare Kelly handbag. The handbag is among the rarest in the world.

Auction house Sotheby’s is selling a rare Hermès Kelly 25 bag for more than US$500,000. The private sale could set a new price record for luxury handbags.

Arguably the world’s rarest and most expensive handbag, this Kelly 28 is made from Nile crocodile leather and has a diamond-covered clasp and padlock In 2021, the same style sold for a record ...