Feb 28, 2020 · Hermes at Risk? The WSJ reports that Hermes generates 25% to 30% of total sales off of two, now iconic, handbags: the Birkin and Kelly. The challenge facing the company is that a resale market for high-end fashion has been growing and the purchase of a used luxury item is in vogue. To date the company has done an excellent job creating scarcity.
Sep 25, 2019 · Togo is mostly used for Birkins and the best part about it is that once damaged, it can be refurbished so you have a brand new bag all over again. According to Forbes, a carefully used bag will typically fetch you between 80% to 120% of what you paid for it. To put it in context, a bag of a lesser brand in the same mint condition can be resold ...
Jane Birkin / Credit: Pinterest. In 2017, the lauded Hermes Birkin bag fetched a record auction price in Hong Kong for $2.9 million HKD (or approximately $524,896 AUD). The style in question was a matte white “Himalaya” crocodile skin Hermes Birkin bag and produced in 2014, featured 18 karat gold buckles and strap loops encrusted with 205 diamonds.
May 25, 2019 · Almost all Birkin sizes have increased by a few hundred dollars/euros/pounds. The Birkin 30, however, has remained at $10,900 (though it has increased across the other currencies). The price increase, though slight, is a big deal for the U.S., which hasn’t seen a bag price increase since 2015.
All in all, I'm obsessed with my new bag. My Neverfull GM came in looking pristine (even better than the Fashionphile description) and I use it - no joke - weekly.
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Do you have the Neverfull GM? Do you shop pre-loved? Share your tips and tricks in the comments below!
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