Investing in gold and stock market is good. But have you tried investing in a Hermes bag?
Hermes Bag is the new status symbol for people of class and it is a worthy investment as well. From, clutches to wallets, mini bags, shoulder bags, bucket bags and more, high-earning personalities, especially celebrities show off their wealth in subtle ways including, carrying one of these masterpiece designers bag.
Hermes in general, is a luxury brand that deals on clothes, shoes, bags, wrist watches and other fashion accessories. Listing from the official website, the least Hermes product goes for $510 while the most expensive is valued at $49, 500. The items are actually not over-priced, there are almost priceless and speak ‘prestige.’ But when it comes to their bags, luxury and prestige is not enough to describe a Hermes bag. It’s simply bliss!
According to a recent study, buying a Hermès Birkin handbag could be a better stake for long-term investment than gold or stock market. Baghunter, an online marketplace for buying and selling luxury handbags, revealed that in the last 35 years, the Hermes Birkin bag, overtook the price of gold, a clear indication that the product is not just a fashion piece, but an iconic possession that can be passed on as an inheritance.
Here are some facts about Hermes Bags
- Hermes bags have been tested to be a safer investment than stock market
- In the history of Hermes bag, the value has never declined
- There has been over 500% value increase in the last 38 years
- There’s more demand than supply of the luxury product which aids the increase in price
- The signature Birkin and Kelly bags are the most expensive products from Hermes.
- The value of Birkin bags are expected to double in 10 years
- Only special clients of Hermes have access to buy Birkin bags
Owning a Hermes bag gives you the opportunity to use your investment while its market value increases. It adds an air of importance and there’s so much relevance attached to anyone spotted carrying a Hermes bag. This is one of the reasons why the brand is usually a must pick for collectors as they recognize its appreciating worth.
Former Singapore Airlines hostess, Jamie Chua is a huge fan of the Hermes brand. She owns the world’s biggest Hermes bag collection valued at £1.6M [about N76,480,000]. With a collection of over 200 Hermes Birkin and Kelly Bags, thanks to her wealthy ex-husband and her luxury lifestyle, Jamie is living the dream of owning a lifetime investment in bags.
What better way can you get so much satisfaction from an investment?
The most sought after Hermes Bags
Hermes bags come in various sizes, colors, pattern and shapes. However, the most expensive and sought-after are the Kelly and Birkin collections. Their prices continue to go high as well as its demand, which usually surpasses the supply.
Hermes Kelly Bag
The Kelly bag is a more sophisticated version of the hand made bag. In 1950, a standard Hermes Kelly leather bag was sold for $900.00. 10 years down the line, the price moved up to $1,300.00. In 1970, the price almost doubled to $2,450.00 and in 2014, the price skyrocketed to $9,250.00 per piece. Currently, you can invest between $3,500.00 to $11,800.00 on a piece depending on which piece and where you order from.
No doubt, such an amount could easily get you a small piece of land in some rural areas in Nigeria. Notwithstanding, wouldn’t you rather carry your money about in a bag to gain a more reputable social standing? After all, it’s appreciating value is almost equivalent to that of a piece of land.
Hermes Birkin Ostrich
The Birkin bag, on the other hand, which was first named in 1981 after Jane Birkin, an actress, was sold around $2,000 USD at the time. Currently, a standard Birkin bag is priced between $9,000 – $11,900, while some very exotic versions are up to six figures per piece. The elegant Hermes Himalaya Crocodile Skin Birkin Bag has made so much rounds over the years, elevating itself as the queen of all Hermes bags. It’s the most expensive and the dream bag of every woman. It comes studded with diamonds, real diamonds. Want to make a huge fashion statement while investing? Get yourself one of these! Want to get a lady’s rapt attention? buy her one of these.
Now it’s pretty clear why most wealthy people look expensive even in casuals – their bag do all the talking. A Hermes Bag is that perfect designer that adds silent volume of class to every outfit.