Proceeds from the sale of the Georgio Armani purple leather bag will go to a charity for the treatment of sick children in the isolated Siberian Kemerovo region.
In October, Loren launched a charity marathon in Kemerovo, aimed at helping sick children. She traded her purse with regional governor Kemerovo for a sable sole, the report said.
The buyer was reportedly a businessman from the east Siberian city Krasnoyarsk.
Funds from the charity have paid for the treatment of 228 children and another 100 will receive treatment by the end of the year.
Published 30 November 2011, 07:47 IST