Can A Handbag Be An Investment?
And 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. The article doesn't mention that you could sell the way "Bringing Home the Birkin" author Michael Tonello did and put your bag on up for sale online. Tonello used eBay which charges a smaller percentage. You could also try Portero.com but they take a whopping 30 percent of your haul so you'd have to mark up accordingly.
Other bags sell well in some places especially if the bag is vintage and rare but usually nothing beats a Birkin. Calling the bag an investment may be a bit of a stretch since you'd still be better off socking that money away somewhere where it would earn modest and stable interest but the article does make a good point for value. In the long run, whether you are looking with an eye toward resale or not, it is perhaps better to buy one more expensive and high quality item than several of lesser value. This viewpoint provides a bit of retooling the shopping strategy. The quick retail fix, the "must-have-it-now" era has been replaced by mulling, considering, evaluating and then finally purchasing.