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Hermès’s resilience and status in the luxury world are akin to Apple’s in the tech industry. The iPhone maker trades on a far higher price-to-earnings ratio than some competitors and is known ...
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.
"Hermès is playing in a different league," JPMorgan analysts said in a note, referring to the French luxury brand that rivals LVMH and Kering.
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.
The going is so good at European luxury empire Hermès that even distant relatives of the brand's original founder are landing seven-figure fortunes.. Wilfried Guerrand sits on the executive ...
A Patek Philippe pocket watch. This list of most expensive watches sold at auction documents the watches sold at auction worldwide for at least 1.5 million US dollars. The final price listed is the total price paid by the buyer converted to US dollars, according to the currency exchange rate at the time of auction.
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