The first Birkin handbag sold for 8.6 million euros ($10.1 million) in Paris to become the second most valuable fashion item ever sold at auction.

The Paris auction room buzzed with anticipation as the sale got underway, with the auctioneer reminding the crowd that the bag was “totally unique” and “the most famous bag of all time.”

According to the latest ranking of France 500 biggest fortunes in magazine Challenges, the top spot now belongs to Hermès' founding family.

The unique and original Birkin bag that fashion house Hermès made for actor and singer Jane Birkin has sold for 7 million euros or $8.2 million at auction in Paris.

Terre d’Hermès, the vaunted French maison's signature fragrance, is timeless, sophisticated, and temporarily on sale.