And with over 60 handbags, evening bags, purses and wallets by designers ranging from hermes to louis vuitton, together with 48 jewellery lots by names such as cartier bidders packed into the auction room near gainsborough, lincs, anxious to grab a bargain.
"We had herms, chanel and louis vuitton handbags that remain in their original packaging, with the tags still in place, and even with the protective films over clasps.
But there were cheaper buys on offer for those in the room with a pair of versace sunglasses selling for just 25 and a bottle of caron perfume fetching just 20. christian louboutin shoes outlet
Mr bewick said: "I've never seen anything like it, not least because the vast majority of these things have never ever been used or worn.
But the top seller of the night proved to be lot 192 a set of 2.5 carat diamond ear studs which went for 6, 600 and was nearly matched by lot 190 a diamond 18 carat white gold chain set with 231 stones which made 6, 000.
"I feel sorry christian louboutin uk for the lady who had to sell them, but hopefully she had enjoyment out of them. "
Mr ranbygorwood said: "A few years ago an event like this would have been quite a rarity but these are difficult times and we are seeing a lot more of these topend bankruptcies. "
"There are a lot of fakes about, including some very good fakes, but not only are these backed by certificates of authenticity, original invoices and other paperwork, but we've had them checked out by various specialists. "
Craig bewick, from auctioneers brown and co, who handled the sale, insisted the collection was like a"Who's who"Of fashion and in"A1"Condition.
The auction, on thursday night, also attracted international interest, with enquiries received from america, australia, china and the united arab emirates, as well as all over europe.
Five of the bags were by louis vuitton, the fashion house credited with starting the designer handbag craze in the 1920s, as well as another nine by chanel, which sold for up to 1, 800.
Vintage buyer lou robinson, 31, who was joining the bidding, said: "This is the sale of the century, things like herms and chanel bags don't come up at these prices every day, especially still in the packaging.
That was eclipsed by lot 19 a tan herms"Birkin"Bag which beat off internet competition louboutin sale to sell in the room for 5, 000.
1m Chanel and Louis Vuitton handbag collection auctioned for
"They are in quite perfect condition.
The collection was put up for auction by charles ranbygorwood of crg insolvency recovery who is in charge of administering the woman's bankruptcy estate.