This bag is considered by some to be a better investment than gold or the stock market

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 75%

South Africa News News

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

R8.5 million for a bag?

When it comes to gifting your special significant other, some would like a favourite item, designer bags or jewellery, or just hard cash.

This was the topic on social media after many noticed the infamous designer bag Hermès Birkins, which is praised as one of the top must-have luxury bags in your collection- if you can afford it.After rap starBirkins are considered by some to be a better investment than gold or the stock market.The value of Hermès bag has increased by 500% in the last 35 years, an increase of 14% per year.

The bags are made out of calfskin, alligator and even ostrich skin, each bag is made entirely by hand and are seen as an ultimate status symbol. Hermes sets a limit on how many bags a client can buy each year, preserving the exclusivity of the bag, increasing the resale demand with more people profiting from selling their custom made Birkin bags at a higher cost.

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:

 /  🏆 6. 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