Designer bag bought for bargain price in charity shop

Published: 13th July 2012

Designer bag bought for bargain price in charity shop
A 73-year-old man from west London had to pinch himself this week after finding out that his charity shop buy was in fact worth thousands.

John Richard discovered that the £20 handbag he bought in Oxfam was actually worth up to £350,000.

The bag was designed by Philip Treacy, who is best known for creating hats for the rich and famous, and was found in a box of bargains in his local branch.

Covered in a distinctive Elvis Presley design by pop artist Andy Warhol, it is believed to be one of only ten ever made.

Mr Richard told the Hampstead and Highgate Express that it was only two months after buying it that he decided to see whether it was genuine.

"I decided to take it to the Philip Treacy shop and they confirmed that it was one of their's," he revealed.

The bag would have sold for between £200 and £400 when it was first made, however Mr Richard has received offers of up to £350,000 for the bag from Chinese bidders.

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