A fugitive billionaire just auctioned off $3.2 million worth of luxury handbags — see highlights from his prized collection

• Billionaire Joseph Lau sold $3.2 million worth of luxury handbags at a Sotheby's auction.
• The Hong Kong mogul has been a fugitive since 2014, when he was convicted of bribery and money laundering.
• Lau is a prolific collector who's purchased roughly 1,500 Hermès bags, Bloomberg reported.

A Hong Kong billionaire just sold $3.2 million worth of Hermès and Chanel handbags at auction.