Birkin bags is certainly a Contributing Factor in the high price of Birkin bags

April 3, 2018 by · Comments Off on Birkin bags is certainly a Contributing Factor in the high price of Birkin bags
Filed under: Hermes 

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Continuing from the previous point, the steady value growth for Birkin bags is certainly a contributing factor in the high price of Birkin bags. Since the launch of the Birkin bag, the price has risen by an average of 14.2% per year, outperforming traditional investments such as the S&P 500 and gold markets. This consistent value increase has several consequences which help to explain why Hermès is so expensive.

Firstly, the average value increase far outperforms inflation and represents a significant average yearly rise in the cost of buying a Birkin.
Secondly, the average price growth is witnessed more severely on the secondary market as people are willing to pay a premium so they can get their hands on an otherwise unobtainable bag.
Thirdly, investors have started turning to Birkin handbags with the knowledge of ever increasing prices representing a good and safe investment.
If you wonder why Birkin bags are so expensive, the three points above are solid reasons for the ever rising cost of buying the iconic bag.

Celebrities love Hermès. Hardly a day goes by without a celebrity or famous figure sporting a Birkin bag for the paparazzi. Celebrities such as Lindsay Lohan, Victoria Beckham, Kim Kardashian, and Sarah Jessica Parker regularly don their Birkins in public. Even the first lady, Melania Trump, proudly displayed a crocodile Birkin when moving into the White House. Incidentally, as soon as the image of the first lady with her Birkin spread online, the demand and consequently value of that particular Birkin rose dramatically as people desperately tried to locate and purchase a similar bag. The Birkin’s big break in popular culture occurred in its 2001 appearance on “Sex and the City, ” and ever since then, the bag’s continuing presence in popular culture has contributed to demand and value.