What will you do with the money if you win the Powerball tonight? Perhaps you want to know what to do with that end-of-year bonus and tax refund. Purse aficionados considering stashing assets in gold or the S&P 500 might want to think again. It turns out the “safest and least volatile” investment of those three may be in the bag…the Hermes Birkin bag.
Today we are going to speak about an outrageous priced handbag, one that costs more than some people spend to buy a new house. This purse is called Hermès Birkin Himalayan crocodile and its price tags says $300,000. We are accustomed with Hermes’ staggering prices and the incredibly long waiting list for buying one of their Birkin bags, but this is just insane. No doubt about it, it is the most expensive Hermes purse so far.
I have to admit that the handbag is stunning and that it has a couple of very important qualities that kind of justify why someone who is rich would spend that much on a bag. The Himalayan crocodile purse measures 30 cm and it is one of the rarest models on the globe. The product is hand made from Nilo crocodile skin in a discrete color that is reminiscent for the imposing Himalayan mountains. This shade is obtained through a special dyeing process that takes a lot of work and time. To match the subtle color of the leather, the bag comes with 18 karat white gold hardware decorated with white diamonds. The iconic cadena lock of the Birkin is manufactured from 68 grams of 18 k white gold and studded with 40 white round diamonds. The overall purse has over 200 diamonds on its three different structural elements- the Plaques de Sanglons, the Pontets and the Touret.
The Hemes Birkin Himalayan crocodile bag was created in a limited number and was offered to a very short list of VIP clients. This very significant detail increased the purse’s value on the resell market so currently to acquire this model that is no longer in production thus not available for purchase you need to pay over $432,000. Hermes is the only handbag manufacturer that can sell on the secondary market at a higher price than its retail price.
People describe this jaw-dropping Hermes as one of the rarest and most desirable handbag in the world. And making one involves extensive work. It took a Hermes artisan about an year to craft the purse and the brand guarantees its sturdiness by vowing to repair it any scratches or damages immediately. Considering the scandalous price I seriously doubt that anyone would ever wear or handle the bag without extreme care. I, for one, would keep it on a pedestal if I had one.
Kim Kardashian, Victoria Beckham, Tamara Ecclestone and Marjorie Harvey are just a few of the celebrities that own this much-sought after purse. A couple of very interesting thing about Victorian Beckham and Kim Kardashian who are huge fans of Hermes Birkin bags. Victoria Beckham has a collection of Hermes purses that is estimated at over 2 million dollars while Kim Kardashian has so many Birkin that she uses one for the gym and has another one that has been hand painted by her daughter to look more interesting. For those who are not familiar with the price range for a regular Birkin, the most ‘inexpensive’ version costs about $10,000.
So there you go gals, if you needed something to treat your eyes with then you have certainly found it. The Hermes Birking Himalayan crocodile purse is a spectacular model that is manufactured from rare crocodile skin and is decorated with 18 k white gold and white diamonds. It is a luxurious bag that is available only for Hermes’ elite.Hermes
As reported in racked.com, the Baghunter compared investment returns on gold, the S&P 500, and the Birkin over the last 35 years, and the Birkin was the clear winner. In that time, the Birkin increased in value more than 500% and has never decreased even in times of recession and economic difficulty. Baghunter says the Birkin averaged annual value increases of 14.2%, significantly higher than either gold or S&P 500.
Baghunter founder Evelyn Fox told luxurydaily.com “As a whole, the study findings show how stable the ultra-luxury industry has been over the past 35 years when compared to more traditional investment opportunities.” According to Fox, “There is a difference between luxury and ultra-luxury. While the luxury market suffers during worse economic times the ultra-luxury market is impervious to economic factors that can affect other industries such as high-street retail and stock markets.”
Fox expects this trend to continue in 2016, pointing to the Birkin’s high retail prices and limited availability along with a strong secondary market from resellers.
Do you consider your Birkins (or other bags) investments?
The Hermes Bolide Double Bottom Bag is an extremely iconic piece that will surely please bag aficionados and starting bag collectors alike. This new take on the design is something that catches the eye, and we’re about to elaborate more about this development.
The Bolide has a long history – it was first created in the year 1922 when the wife of Hermes’s owner, Emilie-Maurice Hermès, wanted a new bag to carry in while she went out for a ride in a car (which was also a new invention at that time). The Bolide was called a ‘Bugatti’ at that time, and was the first bag to ever incorporate some zips.
Lightweight and easy to carry, this piece is really something new! Never has Hermes shown the Bolide with a double bottom, that’s why it’s really a joy to have. It’s a swift calfskin with gold-plated hardware and zip fastening, with two flat inside pockets for organization. What else would you ever need? Surely, this baby will never go out of style.
Measuring 24cm x 27cm x 10cm (L x H x D), you can get your very own Bolide Double Bottom Bag for €6,400 EUR or £5,850 GBP via Hermes e-store.
Trust Hermès to come up with something so adorable that only they can get away with. From the world of Hermès comes Kawaiiii!, the French luxury house’s take on the cutest of animated characters to promote (and I’m guessing) their latest additions which include bags and SLGs in new colour combinations.
Most naturally, the first thing to catch my eye is this: the Hermès Ghillies Kelly Long Wallet which has to be prettiest thing I’ve seen in a long while, especially when presented in the softest of pinks that’s simply irresistible. Priced in the SGD4000 toSGD5000 range (I honestly can’t keep up anymore with all the annual price increments), while it’s not the easiest wallet to get into (and use), it is by far one of the most gorgeous yet.
And before I go on non-stop about how much I need such a wallet in my life, check out the cute animation for yourself (it also features the Constance, the Plume and other bits and bobs) online via this link. Kawaii!Hermes
Introducing the Virevolte, a new bag offering from the house of Hermès which I can’t yet quite pronounce. Measuring 29 cm across by 42.5 cm (from top to bottom), it’s a casual enough of a sling-messenger that’s great for the weekend, in a soft slouchy leather that should hug the side of your body with ease. Finished with a leather shoulder sling that allows you to adjust the length, the bag’s most interesting feature is perhaps its counterweight fastening mechanism in natural Hunter cowhide, which besides weighing the bag, also keeps it secure from prying hands.
Priced at GBP3430 (or around SGD7000 after conversion), it’s a welcome addition to the French house’s bag inventory where most of its other bags are either handheld or too boxy. This one, on the other hand, could be just right for those looking for something casual and relaxed.