Joseph Lau's Birkin Auction

Hong Kong tycoon Joseph Lau is living life in the fast lane! The billionaire just sold a collection of mostly Hermes bags at Sotheby's, marking the largest single-owner handbag sale in Asia's auction market.

This "visionary collection" brought in $3.2 million and a portion will be donated to charity (no word on how much). From six diamond Birkins to a 2006 Bleu Jean Shiny Porosus Crocodile Birkin 25 with 18-karat white gold, this auction was a true feast for the eyes.

It's no secret that Lau has a passion for collecting, from over 1 500 Hermes bags to well-known paintings like "Mao" by Warhol and "Everything Must Go" by Basquiat. He's certainly got an eye for the finer things in life.

The former chairman of Chinese Estates Holdings is an accomplished trader of luxury goods. He's also offloaded at least $177 million in collectibles since 2020, including a Hockney painting and Chinese antiques. Despite his net worth dropping $2 billion since 2021, Lau is still worth a comfortable $6 billion.

He was convicted for bribery and money laundering in 2014, but has yet to serve jail time due to the lack of an extradition pact between Macau and Hong Kong. He sounds like an interesting fellow.