Luxury handbags are the best-performing investment asset class - Business Insider

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Luxury handbags are the best 'investment of passion,' bringing better returns than fine art, classic cars, and even rare whiskey

in 2016. The bag remains the most expensive handbag ever sold and eclipsed its initial auction estimate by almost double. In fact, the top six spots are filled by the same Holy Grail handbag, which has consistently topped $200,000 at every sale. Since Birkins can't be purchased directly off the shelf—it takes contacts, brand loyalty, money and time—it's difficult to know the original retail price, but the cheapest Birkins sell for around $5,000.

The research also showed that the Birkin bag had an increase in value of 42% over the past year, whereas Banksy's artworks on average only increased 23%. So, if you're tossing up the two, the world's most famous street art apparently has nothing on the Birkin.

 

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