Lately, I have been reading quite a bit about Hermes Birkin bags and how they are investments when one purchases these very expensive bags. For the longest time I told myself, you don’t need one, you have Chanel, you have Balenciaga, and everything else…you don’t need Hermes. But suddenly people are blogging about the Hermes Birkin, talking about it, and I am seeing the bag everywhere. Is it a subliminal message? Is someone trying to tell me that I better get on the waitlist now before the Birkin goes up in price again?
I remember when the Hermes Birkin used to be $4,000. I am not kidding. That was the year I bought my Hermes gold toned H belt for $350. Today, the H Belt costs $350 just for the buckle and the leather belt is $400 more! I thought there was a recession? Clearly Hermes did not get the memo…Anyhow, I am trying to come to terms with this Hermes Birkin. Is it worth it? Is it really an investment?
I mean I thought an investment was something like when you purchased a home and the land value goes up over time. These bags go up over time… but when you sell them, and if you sell them through consignment you probably only make back what you paid since these consignment stores usually stake 40%… so how is it really a good investment? And if you keep it and don’t sell it – is it an investment? Are bags really investments? I am not sure a bag is an investment…
However, my big issue is – should I look to buy a Hermes Birkin? Sometimes we spend all kinds of money buying little things when we can buy one big thing. This is what I am thinking with regards to the Hermes Birkin. Instead of buying more Balenciaga and Chanel in the future, I can sit on the waitlist for 3-5 years and save the money in an account and buy the 1 Hermes Birkin instead of 2 Chanel? But, do I need a Birkin?
Do any of you have this Hermes Birkin problem? Can you comment and give me your stories? Or if you own a Birkin? Can you tell me about it? Why you love it? Your relationship with your Birkin?