Luxury Handbags Are Outperforming Art, Cars and Whisky as Investments – Robb Report

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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.

— Read on robbreport.com/style/accessories/luxury-handbags-are-now-the-best-investment-items-2931458/amp/

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By MSc(Econ) Lassi Pensikkala - International Travel and Business Expert

Lassi Pensikkala is the creator of AmerExperience.com. He writes regularly providing thought leadership on topics related to Travel, Golf, Business, Health, and Lifestyle. You can follow him on Twitter @amerexperience or connect on Linkedin. You can read his travel and golf news in Google News, and business and travel magazines on Flipboard @amerexperience Expertise: International Travel And Business Expert Creator of AmerExperience.com - Education: Studied International Business in Business School of Turku Finland, and Economy, Psychology and Sociology at the University of Hamburg graduated as MSc(Econ) - Language skills: Multilingual - English, German, Spanish, Swedish and Finnish - Life philosophy: 1959 and the 60’s were the golden times of Rock’n Roll, student movements, and first flight to moon. The nordic people were free to travel in the Scandinavian countries including Finland. No passports or travel documents were needed. The freedom still today is the most important for the Scandinavians from that epoch. Freedom is to travel, learn to know new countries and other languages, and meet different people and cultures. He wishes the new generations would have the same possibilities experiencing all that what makes you feel free, and building a strong personality. -

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