Providing the condition of a Hermès handbag is cared for, bags can reach up to 80%-120% of its original price at resale.
It sold in auction at Christies, Hong Kong, in 2017 for more than £293,000! It is called the ‘Himalaya’ because of the delicate graduation of the exterior, resembling the Himalayan mountains, which is achieved by the most expert craftsmen who take years to master the technique. The most expensive Hermès bag ever sold was an extremely rare matte Himalaya Niloticus Crocodile Birkin 30, with 18k white gold and diamond hardware. This means Birkin’s had increased by 500% in value over the 35 years prior, making them a safer investment than investing in the stock market. So, why invest all that money in a bag? According to a 2016 study, the Hermès Birkin far outperformed the price of gold in the 35 years prior and had a higher return of investment rate than both gold and the stock market, increasing in value steadily every year and offering an average annual increase in value of 14.2%. The price of a Hermès bag depends on the rarity of its materials and hardware, but in general a new Kelly handbag starts at £6,000, and a new Birkin handbag starts at £7,000. Each Hermès handbag is handmade by just one individual, and all the materials used are carefully selected to ensure the bag is of the highest quality. Both factors mean that getting your hands on a Hermès bag, let alone in the style or colour you want, is not easy.Īnother reason for the brand’s luxury status is the quality. You cannot request a specific style or colour, but rather must select from what is available. Secondly, when you get an appointment, you have the choice of just a handful of styles and colours that the particular boutique has on-hand. Firstly, the waiting list for an appointment to buy a new Birkin can be anywhere between 3 months and six years. Customers are not able to simply walk into an Hermès store and leave with whichever Hermès bag they like. One of the reasons for the high demand in Hermès handbags is the limited accessibility and availability to buy them new. Victoria Beckham reportedly owns over 100 Birkin's, and in restaurants in Monaco, Hermès handbags get their own seat! Hermès handbags are seen as symbols of luxury around the world. Hermès are an independent company who employ hundreds of skilled tradespeople and artisans that specialise in their trade, creating a workforce able to sustain the brand’s longstanding reputation of world-class design and craftmanship. The brand’s range of handbags are extremely sought-after, particularly the Birkin, the Kelly and the Constance, making them a savvy acquisition, as demand is always high. They created their first handbag in 1922.Īdored by fashionistas and keen collectors around the world, an Hermès bag is the pinnacle of luxury investments. Established in Paris by Thierry Hermès, the brand was originally a harness workshop, dedicated to serving European noblemen. Hermes have been creating exquisite leather pieces since 1837, and are world renowned for their superb craftmanship, exquisite attention to detail and product exclusivity.
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