milotic2 (milotic2) wrote in ohnotheydidnt,
milotic2
milotic2
ohnotheydidnt

Hermès Birkin bags are a great investment



The idea for the brand's Birkin bag came from an airplane encounter in 1981 between Jane Birkin and Jean-Louis Dumas, late chief executive of Hermès. Ms. Birkin spilled the contents of a straw tote bag everywhere, inspiring the French label’s executive to create a bag suitable for jet-setting women with too much to carry.

The Birkin bag is one of the most exclusive luxury goods in the world, whose price starts around $9,550, is so reserved for the elite, Hermès refuses to declare the number of handbags it manufactures every year.

It increases in value by an estimated 14.2 percent each year, making it – on paper – a more worthwhile investment than what you would typically consider as one – stocks, bonds, gold, etc. In theory, if you bought a $10,000 Birkin today, in less than 400 days, it would be worth about $11,420.

Hermès has an international waiting list for it, which can go up to six years. This exclusivity and desirability elevates the carry-all to the level of a collector’s item.

How do you invest, ONTD?

Source 1
Tags: fashion
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