Hermès Birkin luggage are identified to be the costliest luggage globally. Regardless of the pandemic, the luggage have seen an increase in gross sales in numerous shops, with the typical value of a Birkin bag starting from $10,000 to $500,000.
A 2017 examine discovered that the worth of Hermès Birkin luggage had elevated by 500% over the previous 35 years, a rise of 14% per yr. In 2019, skilled sports activities betting marketing consultant David “Vegas Dave” Oancea purchased a Himalaya Birkin 35 for $500,000 (€420,500).
Public sale home Christie’s says that one in every of its two highest promoting purses in historical past is a Birkin manufactured from crocodile pores and skin that went for practically $390,000 in November. The opposite was a Kelly bag, additionally by Hermès, that bought for near $450,000.
Regardless of how costly Hermès Birkin luggage are, they appear to be an adjunct that’s generally even thought-about a greater funding than gold or the inventory market. Whereas individuals could overlook different Hermes kinds, the Birkin appears timeless. And the bag has turn into synonymous with status, way more than different luxurious merchandise.
Historical past of the Birkin bag
The historical past of the bag begins with its namesake: Jane Birkin. Throughout a Paris-London flight, the English actress discovered herself sitting subsequent to Hermès CEO Jean-Louis Dumas. Jane was identified to hold a wicker basket wherever she went. She used it for every part from purchasing to diapers. When she tried to place her well-known basket within the baggage rack, the lid got here off, spilling the contents in every single place. Jane complained to her seatmate that it was inconceivable to discover a weekend bag to her liking.
Dumas launched himself because the supervisor of Hermès, they usually spent the flight drawing fashions of purses on the again of a vomit bag. A yr later, Dumas offered Jane with the Birkin bag, a spacious however refined leather-based mannequin, excellent for on a regular basis put on. Its pockets made it very useful, and the bag may be closed to forestall every part from tipping over. Hermes manufactures the luggage in France with high-end supplies comparable to calfskin, crocodile, and even ostrich. Every bag is completely handmade.
Why are Hermès Birkin luggage so costly?
Though they’re among the many most unique and sought-after luggage right this moment, Birkins weren’t that common once they had been launched. It wasn’t till the 90s that the Birkin turned a staple. They’re right this moment a logo of status. Victoria Beckham is claimed to have over 100 Birkins, valued at over $2 million, and Singaporean entrepreneur Jamie Chua is claimed to have essentially the most intensive assortment on the earth with over 200 luggage.
However it isn’t sufficient to go to Hermès to get one. Whereas there was a ready listing, these days, you must be sufficiently big or wealthy sufficient to be provided a Birkin bag. And if you’re provided one, don’t count on to select the colour or dimension.
Hermès limits the variety of Birkin luggage a buyer should purchase per yr. This want to protect the exclusivity of the bag has undoubtedly paid off, and the hole between provide and demand has created a thriving resale market.
Regardless of its recognition, the bag doesn’t characteristic any distinguished logos and is simply recognizable by those that already comprehend it. With the Birkin, Hermès has created one thing inaccessible except you might be among the many privileged. As as to if the Birkin will all the time be so costly, solely time will inform.
Store editor’s Birkin edit
Featured picture: Instagram | Hermes
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