This is the most expensive handbag in the world

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A rare Hermès Birkin bag sold at auction early Wednesday morning at Christie’s in Hong Kong for a whopping $382,000 USD.

It’s set a record as the priciest handbag ever sold at auction.

In 2016, a similar style was scooped up at Christie’s for around $377,000.

The coveted purse — which costs as much as a studio apartment on the Upper East Side — is the Niloticus Crocodile Himalaya Birkin 30.

It features diamond-encrusted hardware and has been dubbed the “Himalaya” because the delicate gradation of color from smoky gray to pearly white resembles the snow-capped mountain range.

One might have a better chance of climbing to the top of the Mount Everest than scoring one of its namesake bags: They’re considered the rarest of Birkins. The French luxury goods company reportedly only makes one or two each year.

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