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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the path to Dun & Bradstreet's $1.7 billion IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out our article of a SoftBank company IPO tomorrow
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Montenegro's Aman Sveti Stefan, where the rich vacation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. For each virus headline, two more virus headlines grow. COVID19 is like the mythical monster Hydra. i stayed here back in 2018, it is amazing and worth every penny!!! 🥰🥰
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Chinese smartphone giant Vivo's 32-floor tower HQ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said they gonna built this in Delhi. They betrayed me. vivopakistan you should consider this as well & it's not impossible.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Award-winning luxury spa resort on Wyoming ranch offers $175K buyouts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Elon Musk is selling his LA homes to a luxury real-estate developer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Getting the hell out of that filth
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ghislaine Maxwell's real estate, private foundation, and other assets - Business InsiderGhislaine Maxwell, Jeffrey Epstein's alleged madam who lived in a $5 million NYC mansion, has been arrested by the FBI. Here's what we know about the British socialite's finances and assets. She’s the next one killed. She will be found was there any adrenochrome involved?
Source: BusinessInsider - 🏆 729. / 51 Read more »