Over the last 35 years, the Hermès Birkin bag has increased in value more than 500% since its first release. That is unlike ANY other kind of investment, especially gold and stocks. Why? Baghunter compared the three investments’ returns from over the past 35 years and came to this conclusion.
“In particular, the study displays how high-end, rare, and sought-after luxury items such as the Hermès Birkin handbags have never dropped in value, even during times of recession and economic difficulty,” Evelyn Fox, the founder of Baghunter told Luxury Daily.
“There is a difference between luxury and ultra-luxury. While the luxury market suffers during worse economic times, the ultra-luxury market is impervious to economic factors that can affect our industries such as high-street retail and stock markets,” she said.
The secondary market for Birkins is at an all-time high as many women have been turned away from Hermès or are unwilling to wait the years required on the waitlist.
It’s probable that the value of the Hermès handbag will double in 10 years!