As dedicated followers of fashion, this blog probably won’t come as a surprise to you. However, those that are unfamiliar with the power of the bag that effectively originated as a ‘holdall’ will no doubt be shocked to learn that the value of an Hermès Birkin is increasing at a faster rate than gold and now, the US stock market too.
Between 1980 and 2005 the Birkin had an average increase in value of 14.2% – compared to the S&P 500’s increase of 8.7% per year and gold actually dropping in value by 1.5%; that’s pretty impressive. No longer is spending money on designer bags seen as ‘extravagant, materialistic and lavish’ rather as a sound, sensible and informed financial investment!
Manufactured in small quantities and not advertised, the Birkin bag has effortlessly maintained its exclusive, elusive and luxury image in the 35 years since its creation.
Thanks to Michael Tonello, author of “Bringing Home the Birkin” we now know that the infamous ‘Birkin bag waiting list’ doesn’t exist and that Hermès encourages customers to ‘build a relationship’ with the brand – getting to know the sales assistants in their local store and buying other items such as clothing, jewellery and homewares. With a deck of playing cards alone coming in at £160; Hermès are expecting customers to drop alotta cash in store before they even consider you for a Birkin.
Subsequently, the easiest way to bag a Birkin is to buy secondhand at a resale shop like G&T or at auction. With the “basic” (used in the loosest of senses!) brand new 25 Togo Birkin starting at €5900 – if you look in the right places, you might find you can get more for your money secondhand, despite the bags barely depreciating in value.
As if by magic…we currently have an Hermès Birkin for sale at Grace & Ted. In beautiful smooth black Box calf leather with gold hardware, it’s classic, understated and perfectly refined. This bag has recently been pampered at the Hermès spa and is in fantastic pre-owned condition. Priced at £7,500 – if you’d like to view the bag, please feel free to call us to arrange an appointment.