The bonafide classics, flaunting the shelves of the French luxury manufacturers, the crème da la crème of Hermes range, Birkin bags are utterly chic, classic, and timeless. In the landscape of real estate, stocks, bonds, and gold, investment in Hermes Birkin is definitely worth the waiting list, and here is why!
The rare styles sell for the highest prices at the auction, which is likely to boost the values of Hermes bags overall. According to a global real estate consultancy analysis, Knight Frank Hermes Birkin’s handbags and purses have surged the most in value in their 12-month index of what you may call alternative investment assets, including art, stamps, rare whiskeys, and watches. The firm published the numbers in its annual wealth report featuring that over the 12 months, the bag index grew 13% compared to runner ups stamps (6%) and art (5%).
Why are Hermes Birkin bags so expensive?
Adorning your capsule with the addition of a Birkin is a dream come true for any woman with a rich fashion sense but investing in a Hermes bag can cost you a fortune. Staggering headlines, record-breaking auction sums, unmatched resale value, opacity, and more speculation surround Hermes Birkin bags price, prompting what makes the house’s most covetable collectible this valuable? A White Hermes Birkin Crocodile bag went for around $380,000 in 2017—the most expensive designer bag ever sold at auction.
Named after the iconic singer and actress Jane Birkin, the Herme Birkin Bag’s price list can set you back anywhere between $40,000 to $500,000, and that’s if you can even get your hands on one. Investing in Hermes Birkin seems to be a sound gamble as their prices tend to increase every year. Kylie Jenner has updated her 2021 winter closet with the latest $50,000 Hermes Birkin Crocodile bag.
We have sprawled through the internet to summarize the most important factors that add to the cost of Hermes Birkin handbags and purses, corroborating the notion that investing in a Hermes Birkin is once in a lifetime luxury.
Boasting a rich heritage worldwide, investing in Hermes Birkin is imperative because the luxury bag is still handcrafted in 40 hours by the utmost diligence of a single artisan. Working with the expensive leathers and exotic skins, each craftsperson masters years of extensive training in the house of French ateliers. The state-of-the-art efforts, personal aesthetics, and a superior sense of quality weigh in on the value of an authentic Hermes Birkin handbag.
The scarcity that relates to its value
Every woman wants to flaunt her unique fashion sense with a luxury piece that is exclusively hers. Birkin bags are highly coveted pieces! Every year only a few Birkin editions are available in the market, and they are not even advertised. Therefore, investing in a rare Hermes Birkin that boasts a unique design is celestial.
From tips on getting an appointment at the Paris flagship store to rumors about new designs arriving in what’s in stock, everything is best kept behind the shiny showrooms in Hermes. And there is no guarantee to get hold of your wishlist item without any strong association with the sales representative.
Dripping in charisma and stature, Investing in a Hermes Birkin boasts a status symbol. The exclusive editions are sold in limited quantities to well-chosen and prestigious clientele. Many of us are left with the option to avail of the resale market. If you want to bring a flicker of mindfulness to your closet, Dallas Designer Handbags is a top-notch preloved market to get your hands on authentic Hermes Birkin handbags.
The resale value of a Hermes Birkin depends upon its style, type of leather, and hardware. The cheapest Birkin bag costs anywhere around $12,000 and reaches up to $200,000 for the luxury design. Baghunter maintains that in the resale market while paying for the name you can fetch up to 80% or more of what the previous owner invested in Hermes Birkin. At the same time, a Birkin in excellent condition can yield up to 100% of what the previous owner has invested. However, if you want to make a real profit, the actual gain builds over time. The appreciated resale value of Hermes Birkin prompts women to sell their bags for top dollar cash at Dallas Designer hub. A Hermes Birkin can be worth up to $15000 in resale.
An excellent number of Birkins retain their resale value, and in some cases, investment in Hermes Birkin will pay you back in spades, yielding 120% of what the previous owner invested. This luxury bag retains 80 to 90% of its retail price, making it clear why investing in a Hermes Birkin is worth every penny.
Steady appreciation in value
If you have been looking for an excellent short-term investment for 2022, skip the gold and steer away from the stock market, you may better put off your hard-earned money into one of the rare Hemes Birkin handbags and purses. According to Baghunter, an online marketplace, Hermes Birkin’s investment has outpaced both the S&P 500 and the gold price in the last 35 years. The annual return on Birkin yielded 14.2% compared to the S&P average of 8.7% a year and gold’s 1.5%. Bearing in mind the ardor for Birkins transcends both in retail and resale, the bag has never lost its prestige and value over the years.
Flaunting the arms of B town celebrities including Victoria Beckham, Alessandro Ambrosio, Kate Moss, and the entire Kardashian clan, Birkin bags embody luxury. Investing in a Hermes Birkin is a status symbol for the elite and ultra-rich, especially the ones with gold-toned hardware that have beaten the value of gold over the years.
Why is Birkin so expensive?
The power behind the Birkin lies in its limited quantities. This creates an unparalleled exclusivity that other brands have yet to achieve. Investing in a Hermes Birkin holds value as these bags are exquisitely handmade, and the artisans have been trained for more than ten years to make the ultimate designer bags.
What type of leather is the Hermes Birkin handbag made of?
Capturing exquisite details, the Hermes Birkin handbags and purses are made from avant-garde materials, including cow, lizard, luxurious ostrich, and crocodile skin. They have dyed a wide array of colors featuring gold and palladium hardware that accents the bag spot on.
What is a Hermes Birkin handbag?
Hermes Birkin flaunts the line of tote bags first introduced in 1984 by the French manufacturer Hermes. Handcrafted from expensive leather, the name of this bag is a tribute to the famous English actress and singer Jane Birkin.
How to authenticate a Hermes Birkin handbag?
- Examine the proportion and size of the bag.
- Hermes uses saddle stitching in their leather products.
- Confirm the date stamp behind the strap on the front of the bag.
- Vigilantly examine the material choice.
- The hardware is laser-etched with Hermes Paris