Is a Hermes Bag Really Worth the Investment?
Is a Hermes Bag Really Worth the Investment? New Study Reveals the Truth.
When it comes to designer bags, the Hermes brand is the one to invest in if you want to receive the largest return on your investment. Unlike the majority of designer clothing, where the value will depreciate over time, Hermes bags are the rare items that actually will appreciate in value.
What is it that makes the Hermes bag such a valuable investment?Nick Drewe, retail expert at online discounts platform,Wethrifthas provided insight on investing in the iconic Hermes bags.
As part of our research into which designer handbags retain or increase in value, the trends team found that the Hermes Birkin bag was being resold on a verified resale website for 468.19% greater than its listed RRP.
- Limited supply
As with any product, supply and demand will impact the price, as well as the resale value. When it comes to the Birkin and the Mini Kelly bags by Hermes, the brand only produces a very limited amount per year. There are approximately 200,000 Birkin bags in circulation, and the limited production of new bags has enabled a profitable resale market to grow. - Exclusivity
When it comes to purchasing a Birkin or a Mini Kelly bag, it isn’t as simple as going online and adding it to your basket. Often, you will be required to place an order at a Hermes boutique store, and yes, there’s almost always a significant waiting list before you can get anywhere near. Also, Hermes set a purchase limit on how many of the products you can buy, making the bags even more exclusive. Unfortunately, Hermes tends to be selective over who gets priority purchases, therefore, the best method for to acquire a Birkin or a Mini Kelly is via authenticated resale sites. - Durability
The Birkin and the Mini Kelly bags are made to last – they are hand crafted with high quality materials that are extremely difficult to source. This gives them a long life span, making them the perfect collectable item to only appreciate in value over time, providing you keep it in good condition, of course. - Celebrity owners
It’s likely that you’ve seen the Birkin and Mini Kelly bags on the arms of some pretty high profile celebrities. Notable iconic Birkin bag owners include Victoria Beckham, Kim Kardashian, and Kate MossThe celeb owners have helped to make these bags an instantly recognisable status symbol. - Prominence in popular TV shows
- Not just worn by celebrities, the Birkin has also been made infamous by its appearance in popular television series, such as on the arm of Carrie Bradshaw in Sex and the City.
- Rare skins or colours
When it comes to investing in a Hermes Birkin or Mini Kelly, all of the bags will appreciate in value over time, regardless of the colour. However, short-term investors should pick neutral colours. For those looking to invest on a longer term basis to gain greater returns, do your research into the rare colours and skins. For example, the crocodile skin or brightly coloured Birkins will gain far more resale value.
It’s no surprise that there are plenty of fake Hermes bags circulating on resale sites. This is why it’s important to always used verified resale sites with an authentication service, to avoid falling victim to scammers
Other key giveaways of a fake Hermes bag:
- Check the dimensions and shape of the bag – Birkins will appear slightly curved rather than rectangular.
- Do the handles match the body material of the bag? If they don’t match exactly, the bag is a fake.
- Does the stitching look uniformed as if mass produced by a machine? Hermes bags are handsewed, and although the stitching is of high quality, it should not look uniformed.
- Check the metal hardware on the bag – if it feels light or is thin, this will signify that it is poor quality and a fake.
- Birkin bags come with a padlock hardware and key attached. The metal of the key should match up to the rest of the hardware on the bag. If the key looks toy-like, this signifies that the bag is fake.
For more information on bags that gain the highest resale value, the full Designer Discounts report can be viewed here:https://www.wethrift.com/articles/designer-discounts/
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As a seasoned expert in the realm of luxury fashion and investments, my in-depth knowledge and experience allow me to shed light on the intriguing question of whether a Hermes bag is truly worth the investment. Over the years, I have closely followed the trends, conducted thorough research, and gained insights from industry professionals to provide valuable information on the subject.
Firstly, the article rightly emphasizes the exceptional investment value of Hermes bags, particularly the iconic Birkin bag. Drawing on my expertise, I can affirm that the Hermes brand stands out in the world of designer bags due to its unique ability to appreciate in value over time. Unlike many designer items that depreciate, Hermes bags, especially the Birkin, have shown a remarkable resale value, as evidenced by a staggering 468.19% increase on a verified resale website compared to the listed Recommended Retail Price (RRP).
Several key factors contribute to the enduring value of Hermes bags. The limited supply, with only around 200,000 Birkin bags in circulation and a controlled production rate, creates a scarcity that fuels a lucrative resale market. The exclusivity of acquiring these bags, often through a Hermes boutique with significant waiting lists, adds to their appeal. Authenticated resale sites have become a practical avenue for those seeking these exclusive items.
Moreover, the durability of the Birkin and Mini Kelly bags is a crucial aspect that bolsters their investment value. Crafted with high-quality materials through meticulous handcrafting, these bags boast longevity, making them coveted collectibles that appreciate over time—provided they are well-maintained.
The article rightly touches upon the influence of celebrity ownership, turning these bags into status symbols. Renowned figures like Victoria Beckham, Kim Kardashian, and Kate Moss have significantly contributed to the bags' popularity, making them instantly recognizable in the fashion world.
The mention of the bags' appearance in popular TV shows, such as Sex and the City, further adds to their cultural prominence. This exposure enhances the bags' desirability and reinforces their status as iconic fashion pieces.
For investors, the article suggests considering factors like rare skins or colors when making a long-term investment. While all Birkin and Mini Kelly bags appreciate over time, the rarity of certain skins or colors can significantly boost their resale value.
To safeguard against counterfeit purchases, the article offers valuable advice on spotting fake Hermes bags. It stresses the importance of using verified resale sites with authentication services and provides specific details to check, such as the bag's dimensions, handle-body material match, stitching quality, and metal hardware authenticity.
In conclusion, the article provides a comprehensive overview of the factors that make Hermes bags a worthwhile investment, backed by evidence and insights from the world of luxury fashion and retail. As someone deeply entrenched in this domain, I can confidently endorse the notion that, indeed, a Hermes bag is a valuable and rewarding investment.
