"The most expensive bag in the world is the ugliest thing I've ever seen."

Everyone, put down your credit cards and accept defeat, because the world record has been broken for the most expensive handbag ever sold at an auction.

Yep. In a world where more than three billion people live on less than $2.50 a day, and one billion children live in actual poverty, a handbag has sold for $380,000 in Hong Kong.

COOL.

LISTEN: Here’s how to save money every week. HOT TIP: Don’t buy a Birkin worth more than you’ve ever made in your life. Post continues below. 

The record was previously held by Birkin and set in 2016, where the highest bidder paid $300,000.

This week, Christie’s held an auction selling the ‘Himalaya’ purse, made of matte crocodile skin, adorned with 18-karat gold buckles and 205 diamonds.

 On an entirely unrelated note, 22,000 children will die today because they don't have enough to eat.

Anyway, back to the bag.

Guys... I don't want to be rude to the bag given it's literally worth more than my life, but...

It's ugly AF. 

WHO THE HELL ACTUALLY WEARS CROCODILE SKIN? Just looking at it makes me feel uncomfortable. A crocodile died so you can rummage for 11 minutes through your oversized handbag in an attempt to find the keys to your Lamborghini.

It's gold, which in my humble opinion is a little... loud. The bling seems a bit over the top, but I guess that's what you're going for when you buy a bag for the cost of a house.

I personally prefer my on-sale Sportsgirl bag, which is white and has a large ink stain adorning the bottom. Also there are a few pieces of gum, er, encrusted to the side of it, which are now also covered in sand/dog hair.

Similarly to my Sportsgirl bag, Hermes only produces one or two a year, because of how long it takes to dye the crocodile skin. Yep - it turns out crocodiles don't come in gold.

In conclusion, I think the bag is stupid.

And that's why I don't own it.

You can listen to the full episode of Mamamia Out Loud, here.