Article | Hot For Hermes | www.forbes.com
Fashion trends come and go, but a Birkin is forever.
It is no surprise, then, that one of Hermes' iconic bags recently sold for $24,000 at a Midwest auction.
A new Birkin bag purchased directly from an Hermes boutique runs about $7,500, if you can get one. Considered to be one of the few bags to hold or increase in value over time, the wait for a new Birkin can last many years. Therefore, many fashionistas and fashion collectors scour the auction market and high-end vintage stores hoping to discover a hidden gem.
Since each Birkin bag is crafted entirely by hand and takes weeks to produce, Abigail Rutherford, the Director of Vintage Couture and Accessories at Leslie Hindman Auctioneers, was thrilled to watch three bags sell at her June auction in Chicago. The $24,000 black crocodile bag was in excellent overall condition and attracted multiple bidders. The final selling price was almost twice the pre-sale estimate.
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