How A Handbag Could Be A Better Investment Than Gold
We’re not just talking about any old purse here. Each Hermès purse is handcrafted to perfection that comes with its own certificate of authenticity. Out beating one of the most precious metals as a better investment, these Hermès handbags have many reasons why they leave gold in the dust.
1. What They Are Made Of
Since 1837, Hermès has been creating leather goods that belong to those who rode horses during that time period but as time passes more is created. It wasn’t until the 1900s when Hermès created the very first handbag, the Haut à Courroies. Hand-created goods are made from leather that is well known for its durability and quality. As the brand continued to expand and create more luxurious goods so did their materials. Some new skins they have added to their workshop include ostrich and crocodile. Since these materials come from livestock that is considered exotic, they will have a high price tag. Since everything is luxury the goods never lose value but rather increase and never stop. The crocodile skin seems to run at a very much higher price than all the other skins they are able to select from when creating their luxurious goods. When expensive goods are created by hand that involves a person’s time will then surely cost you an arm and a leg but if you have several hundred thousand for a special handbag then there is nothing to worry about. The brand is considered so luxurious that they do not think python skin is worthy of being created into a Birkin as we found out through a report with Hermes. The brand will only use materials that have a value that the ordinary person dreams about owning one day and draws in the rich by designing limited edition pieces like never before.
2. Accessories
When Hermes creates the Birkin they have the option to place diamonds amongst the hardware of the purse increasing its value significantly. The hardware alone has the option to run at several thousand since you could select between 24k plated gold to silver palladium but if you are lucky enough you purchase the handbag with diamond hardware but that is going to run you at a little close to $500,000.00. The clochette in which the keys are stored is created by a single piece of leather and not sewn together. When a couture house creates pieces like these they show how unique each purse is created. To make sure that no one is creating fakes of these luxury purses they have added serial numbers to protect buyers from scammers. When you begin to add the value of the materials used to create the bag plus all the accessories like the hardware, it will begin to add and only increase in value from there. When it comes to Hermes and many other high fashion couture houses’ they like to use the best quality from around the world to keep up the name they have created.
3. Rarity
There are only a handful of these bags that are worth more than a home and the value of them continues to rise. There has been a study that showed the value of this well-known good has increased by over 14%. Seems like a handbag is more valuable than gold but when there is only a handful of them created with crocodile skin, diamonds, and gold what would you expect. Hermes is aware of what they have created and has not decided to recreate nor release any more handbags like those again. If the brand were to debut new purses like those the value would drop immediately and the chase for one of the most sought-after Birkins would be over. The only people who are able to get their hands on these types of bags are still questionable as even certain celebrities have a difficult time getting their hands on.
4. Availability
Getting your hand on any Hermes Birkin will be already difficult due to the high demand. When you enter the Hermes boutique do not expect to see a Birkin as there are waitlists that last up to years before you can buy one. Not only is there a waiting list but you must show your loyalty to Hermes and that will be determined by how much you shop with them. The more you shop and spend time with the stylist and workers from the location the higher chance you will be able to score a bag like this but if you are considering the ultimate Birkin then good luck. Not only does this bag run nearly half a million dollars but finding the seller is going to be the most challenging part yet. The chances of finding someone who is selling an Ultra Rare Birkin on Craigslist are probably slim to none so having those connections are going to come in handy. There have been instances where certain celebrities have not been able to acquire certain goods because they are not at the level to know such beauty and prized possession.
5. Status
These handbags are considered the highest status of luxury anyone would want to own. They have been around for more than 100 years making them a very distinguishable and well-established company in the world. Many celebrities are seen supporting the brand with the famous Birkins as they are a bag everyone just wants to get their hands on. All of the Birkin bags are associated with the upper class, so anyone who can afford one of these probably has a status of a doctor to celebrity. With the price tag this high and only certain groups of people are able to afford the good is another reason they are worth so much. The unique material and craftsmanship of each individual bag are what draws in those with high status.
