Article | Investing In Purses | j-walkblog.com
A question we've all asked from time to time: Can a handbag be an investment?
What about the Holy Grail of investment purses, the Hermes Birkin bag? We've seen Birkins make big numbers at auctions and they are hot sellers at consignment stores. Victoria Beckham reportedly owns more than 100 of the hard-to-obtain bags. And the recent book "Bringing Home The Birkin" tells the story of a man who made a living obtaining the hard-to-get bags and then selling them to customers interesting in jumping the famous waiting list.
Blume says that if you bought a bag, one of the more modest models, for around $7,000 in 2007 you could likely resell it at a resale boutique for around $8,300 but you would then have to pay a cut to the shop leaving you with about $6,000.
What about the Holy Grail of investment purses, the Hermes Birkin bag? We've seen Birkins make big numbers at auctions and they are hot sellers at consignment stores. Victoria Beckham reportedly owns more than 100 of the hard-to-obtain bags. And the recent book "Bringing Home The Birkin" tells the story of a man who made a living obtaining the hard-to-get bags and then selling them to customers interesting in jumping the famous waiting list.
Blume says that if you bought a bag, one of the more modest models, for around $7,000 in 2007 you could likely resell it at a resale boutique for around $8,300 but you would then have to pay a cut to the shop leaving you with about $6,000.
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