Birkin Bag Better Investment Than Gold - Tanvi Gupta shoes and bags are two favorite items of every woman. One cannot have enough. But sometimes, one bag can be enough, especially if it's Hermès' signature Birkin bag. Sold as the world's most expensive bag at Christie's and Sotheby's auctions, this bag is in a league of its own.
The History of the Birkin The Birkin bag appeared in 1984 when British actress Jane Birkin sat next to Hermès CEO Jean-Louis Dumas on a flight from Paris to London. He was known to carry a spinning bag everywhere, however, it didn't fit inside the top causing all the contents to spill out. For the rest of the journey, two designs came from bag designs, and a year later, Birkin was born. It wasn't until the 90s that the Birkin gained popularity, becoming a symbol of status and wealth among high-class women. Today, a Birkin can cost between 40,000 to 500,000 dollars.
Birkin Bag Better Investment Than Gold
What makes Birkin so expensive? Birkin bags are very expensive, and rightly so, considering the fact that Hermès only makes a few bags each year. Although this number is a well-guarded secret, it is estimated that around 200,000 of them are in circulation. Even if you have the money, buying one is easier said than done. There is a waiting list, and until your turn, you can't choose the size and color of your bag. The bags are made of the rarest and most beautiful materials; crocodile skin, ostrich skin, and gold and diamond tools. It is made entirely by hand. The makers, the artisans train for 10 years before making. According to reports, the price of the Birkin bag increases by 14 percent every year, making it a better investment than gold and real estate. This is also why Birkin bags have become a hot commodity on the secondary market, selling for many times their original price. Most Expensive Baby Birkin: Matte White Niloticus Crocodile Himalayan Birkin 30 with Diamond Hardware.
Hermes Birkin Bag Better Investment Than Gold
The most expensive bag ever sold at auction, this bag fetched $384,285 in 2017. Made of white or albino crocodile leather, rare and has diamond accessories. The very expensive leather is painted to imitate the appearance of Himalayan mountain snow. Hermes shiny blood red Braise Porosus Crocodile Birkin bag with palladium
Porosus braise leather used to make this bag is one of the most sought after ingredients in the world. This bag is the brightest red bag produced by Hermès. The highest selling price of a 40 cm bag at auction was $29,8000 in April 2016. Shiny Black Porosus Crocodile Diamond Birkin at
This black white bag has white gold and diamond embellishments to enhance the look of the bag. Crocodile leather makes this bag expensive. It was auctioned by Christie's in 2011 and fetched $235,790. Fuchsia Crocodile Birkin Bag.
In 2015, a fuchsia crocodile Birkin bag was auctioned for $233,000 in Hong Kong. The accessories are made of 18K white gold and decorated with diamonds, and have one of the longest waiting lists at Hermès. The striking color is sure to turn heads. Now the Black Birkin bag
Things You Didn't Know About Hermes Birkins
The most expensive bag from the Hermès 'So Black' Collection sold at Christie's was the limited edition Matte Black Niloticus Crocodile So Black Birkin 30 with Rare PVD Hardware. Unlike other Hermes bags, this bag has all black material made of black PVD leather. Sold in 2019, at Christie's Hong Kong for $ 209, 553. Birkin fan Jamie Chua View this post on Instagram A post shared by Jamie Chua蔡欣颖 (@ec24m) Singaporean air-hostess turned socialite Jamie Chua is the most collectible. the Birkin bag. From the coveted diamond Himalayan Birkin to the elegant line of Kelly handbags, Chua's collection is every Hermès dream. Jeffree Star View this post on Instagram A post shared by Jeffree Star (@jeffreestar) YouTube sensation Jeffree Star has an impressive collection of Birkins. The collection features candyfloss-colored Hermès bags in every size and skin imaginable. Kylie Jenner Check out this post on Instagram A post shared by Kylie 🤍 (@kyliejenner) and Kylie Jenner's clothes show off the big collection Hermès bags, including many exotic leather numbers. Just collect the collection every day. You may also be interested: These luxury bags will be featured in 2021 Top 7 luxury bags from the closets of Bollywood celebrities that cost more than a trip to New York Forget putting your money in shopping carts or gold. Hermès Birkin bags are a smart investment. According to a study by Baghunter, as reported by Luxury Daily, the researchers found that the prestigious and coveted brand has increased its value by more than 500 percent since its inception. in 1984. And, unlike the S&P 500 and gold, the price of Birkins doesn't go down. In fact, the price of our bags has increased by an average of 14.2 percent annually, making it one of the safest markets. "There is a difference between luxury and ultra-luxury. While the luxury market suffers in the worst economic times, the ultra-luxury market is not immune to economic factors that can affect other businesses such as the retail market and the product market," Baghunter founder Evelyn Fox told Daily Luxury. "As such, the volatility of the economy during 2016 does not seem to have an impact on the market of luxury collections and we expect it to continue to be successful for the In the near future, it remains the riskiest investment opportunity in 2016."
But, as we know, getting your hands on a Birkin is no easy task. Even if you have tens of thousands of dollars in your pocket, it doesn't mean you'll get out of it.
Store Sometimes the store will turn away a customer or put him on a waiting list that can last for years. This explains why the resale market for Birkin is booming, and why it is expected to double in value over the next decade. An employee holds a $129,000 Hermes Birkin Bag during the opening of the new Hermes store on Wall Street in New York. June 21, 2007.
Gold slips and moves out of the bull market, according to a new study, the best option for long-term investors is to buy a Hermès Birkin bag.
A Louis Vuitton Bag Is The Best Investment During Inflation, Here's Why [research + Infographic]
According to Baghunter, an online marketplace for buying and selling handbags, the Birkin bag has outperformed the S&P 500 and the price of gold over the past 35 years – a period chosen to reflect the production date of the first Birkin bag in 1981. They say the annual return on the Birkin is 14.2%, compared to the S&P average of 8.7% per year and our gold -1.5%
The bags can cost between $60,000 and $200,000, are limited in quantity and are not advertised. Quartz owes its affordable price to scarcity: the waiting list for new bags is six years.
According to Baghunter: "As a status symbol for the elite and wealthy, the main factor affecting the secondary market for Birkins is demand. mention that celebrities like Kim Kardashian and Victoria Beckham often wear Birkin bags in paparazzi photos.
The bag was created when actress Jane Birkin was on the same flight as Hermes' boss Jean-Louis Dumas and complained about not having a decent leather bag at the weekend. method: it seems that the most expensive Hermes bags are a special investment.
Why Are Hermès Birkin Bags So Expensive?
A new study presented by Bag Hunter found that on average, the purchase price of owning a Hermes Birkin Bag is greater than gold and even the stock market.
Hermes Birkin bags - which cost around $30,000 - do not experience the same volatility and market risk as gold, creating resale value every year.
Of course, you will not experience the highs and lows that an investor in gold or stock trading will experience, but you will have one very important market variable: consistency.
According to the researchers, the reason that the Hermes Birkin bag is a rock-solid coin is that it can remain in demand even if the brands move from one end to the other.
Actually, Birkin Bags Aren't A Better Investment Than Stocks And Gold
"As a brand for the elite and the wealthiest, the main factor affecting the secondary market for Birkins is demand," the researchers wrote.
"The waiting list maintained by Hermes for Birkin bags is sometimes up to six years, which has also helped to increase the resale of Birkin bags and the bags that are often sold on the second market for more than the first.
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