£10,000 Handbag a Better Investment Than Gold
If you’re thinking about investing in some gold, perhaps think again as a study has shown that it’s better to invest in a Hermés’ Birkin bag than gold or the stock-market.
The Birkin bag is possibly the most famous, and iconic, handbag on the market, and has increased in value by 500% in the last thirty-five years, a faster rate than gold of the US market. According to the study by online retailer Baghunter has shown that whilst gold has depreciated in value at a rate of 1.5% each year, the Birkin bag went up by 14.2% which currently makes it “the safest and least volatile investment market”
The founder of Baghunter, Evelyn Fox, told Luxurydaily.com “As a whole, the study findings show how sable the ultra-luxury industry has been over the past 35 years when compared to more traditional investment opportunities…In particular, the study displays how high-end, rare and sought-after luxury items such as Hermés Birkin handbags have never dropped in value, even during times of recession and economic difficulty…there is a difference between luxury and ultra-luxury, while the luxury market suffers during worse economic times, the ultra-luxury market is impervious to economic factors that can affect other industries such as high-street retail and stock markets”. We just see it as a chance to invest in a Birkin.
The bag has been seen on A-listers from Victoria Beckham to Jane Birkin herself. It’s even said that Victoria Beckham owns the largest collection, which was reportedly worth £1.5m in 2009. If you want to buy one, the bag retails between £7,500 and £10,000 but there is a six-year waiting list. That said, it is the safest investment out there so sign us up!!