Birkinomics: are these handbags a better investment than bricks and mortar?

A diamond-encrusted Herms bag has sold at Christies for 155,000. Why are they so desirable and do any of the other luxury brands make an equally smart investment? News that Christies has just sold a Herms Birkin bag for 155,000 will come as a vulgar surprise to those who think spending more than 19.99 on a single fashion item is completely cuckoo. To the outsider, fashions built-in obsolescence makes the idea of investing in anything seem misplaced since, thanks to its six-month renewal cycle, no sooner is your purchase in than it is out again. But if a fool and her money are soon parted, the adage doesnt apply to Herms. Like art, vintage cars and fine jewellery, a Herms bag could turn out to be a wise investment. That the blue crocodile Birkin, embellished with white gold and diamonds, attracted a worldwide bidding frenzy will come as no surprise […] Read more »