He said: “In this case, it’s derived from a cell culture, so it’s 100% skin. And at the same time, it comes from an animal that went extinct 67 million years ago!”
With no precedent to go on, auctioneer Alexandre Giquello explained that the auction house had to “come up with a price” that would reflect both the amount of investment required to create the bag and its rarity.
Giquello estimated the value at between US$346,000 and US$576,000 ($595,000 and $990,000).
He said: “[It is] a very, very large sum of money. At the same time, it’s one of a kind. And since rare things are expensive, that’s the result.”
– AFP