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"Hermès is playing in a different league," JPMorgan analysts said in a note, referring to the French luxury brand that rivals LVMH and Kering.
Pierre-Alexis Dumas is a sixth-generation descendant in the luxury Hermès empire known for its Birkin and Kelly bags. He insists the handbags aren’t expensive, they’re just costly.
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Birkins are a popular item with handbag collectors, and were once seen as the rarest handbag in the world. [5] [6] The bag's value is a matter of its intentionally high price, which has led to its being described as a Veblen good. [7] [8] In 2020, retail prices start at US$11,400 for a Birkin 25 bag. [9]
Thanks to its exclusivity and its status as an investment piece, a Birkin bag’s value is much higher than its sticker price of around $12,000.
Much like shoes and jewelry, handbags are more than just an accessory, they're a status symbol. Handbags have long been a part of women's fashion, dating back to 1854, when Louis Vuitton...
The most expensive Birkin bag to sell publicly to date was at a Sotheby’s auction in 2022, where the “Diamond Himalaya Birkin,” a bag studded with 205 white diamonds, sold for over $450,000 ...
How Jane Birkin inspired the capacious saddle-stitched status symbol worn on the arms of A-List celebrities today — and why the bag’s prices have been soaring.