A Hermes Birkin handbag is not just an expense, it can be an Investment as well
Since its inception in 1837, as a brand, Hermes has been bringing up uber products. Drifting a long way back when it manufactured premium harnesses and bridles for horse-drawn carriages, now it has added high grade products to an array of categories like clothing, tableware, footwear and similar lifestyle and fashion selections. However, none is as acclaimed as its handbags that has created a unique spot in premium lifestyle space of the uber rich.
The inception of Birkin bags is interesting as it was inspired by Jane Birkin, the early 1980’s top actress and singer. It is believed that the actress and then chairman of Hermes, Jean-Louis Dumas were seated next to each other on plane. They cracked talks on the need of better handbags, following which, the company created the “Birkin” version of the handbag.
A single Birkin bag takes more than 18 hours to manufacture. These are handmade by trained craftsmen and the special editions, like those with diamonds require extra effort. The specialty of Birkin Bags is its principal component, the crocodile leather. Crocodiles takes years to reach maturity hence only limited number of these products can be manufactured. As the leather must be unspotted the animals are farmed carefully. These farms must reach a good level of ethical standards for international trade. Moreover, only the best and the most expensive skins are selected by Hermes. Above these, the exclusive manufacturing process adds to the price. The cost of a Hermes Berkins Bag that runs pass the $200,000 mark is condoned by the rare materials used in them, including the studded diamonds. Such factors make Hermes Birkin bags more just a status symbol.
The record breaking sale of Hermes Birkin so far was in the Christie’s auction in Honk Kong. The piece was sold for 1.72 million Hong Kong dollars by the auction house. The Bag was in fuschia color and was embellished with 18 Karat gold and diamond. Of the 10 highest priced Birkins listed on eBay, 8 are made of crocodile leather and two are of ostrich skin.
Hermes Birkin Bags will be esteemed for long due its rare and extraordinary nature. This aspect turns these bags into worthy assets rather than just being designer bags. There are patrons who are willing to wait and pay for these sporadic and upscale luxury goods. Hence, these are not just expense, they can be grand investments as well.