Anyone who’s bought a Birkin will tell you that it’s an investment. But, up until now, there’s been little hard data to back up that claim. Fortunately for bag lovers, a new report from Art Market Research (AMR) proves that the very thing designed to hold your money can actually make you more of it.
The burgeoning category of collectible luxury handbags outperformed art, classic cars and even rare whisky to claim number one position as an “investment of passion” this year.
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“This is the fastest-growing collectors’ area and it’s the first time that women are running the category,” said AMR’s CEO Sebastian Duthy.
The research, which represents the world’s first group of indexes tracking collectible handbags, uses price information collated from the world’s leading auction houses to measure the performance of selected Hermès, Louis Vuitton and Chanel handbags. It showed, unsurprisingly, that the designer pieces skyrocketed well past their original retail price when listed for resale.
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