The Hermès Birkin bag is a symbol of luxury and exclusivity. Named after the British actress and singer Jane Birkin, this iconic handbag is considered one of the most expensive bags in fashion history. But what makes these bags so desirable and collectible? And why are they considered a better investment than gold or the stock market?
Many consider a Birkin bag to be a better investment than gold or the stock market. A study released in 2021 from Art Market Research found that Hermès handbags with a 13% increase were the top investment asset in the fourth quarter of 2020 compared to the prior year. The value of Birkin bags has increased by 500% in the last 35 years, according to Baghunter
Strong Resale Market
Hermès handbags have the highest resale value of all handbag brands, reflecting their scarcity, timeless style, and durability. Their value continues to increase. According to the Art Market Research 2021 study, Birkin bags increased 42% in value at auction from 2019 to 2020.
The luxury resale market is forecast to grow 10%-15% a year over the next decade, according to McKinsey & Co., so the demand for used Birkins will continue to grow, as will the Birkin bag price. The resale value of a Birkin bag can be as high as 80-90% of its original retail price, according to luxury reseller The RealReal.
Hermès handbags are considered collectables due to their rarity and popularity. Collectors immerse themselves in the Hermès “language” and have an almost encyclopedic knowledge of the leathers, the exotic skins, the colors, and the limited edition handbags, such as the Faubourg Birkin.
The Hermès’ commitment to exceptional quality materials and meticulous old-world craftsmanship has elevated the iconic handbag to genuine art. Hermès excels in tanning and dying of its leathers. This, combined with its hand-stitched production process, elevates Hermès handbags to an art form unmatched by other handbag producers.
.Because they hold their structure, distinctive good looks, and value so well, Birkin bags are cherished heirlooms, passed from mother to daughter. The timeless style ensures your granddaughter will love it as much as you do.