January 15th, 2016
Handbags outshine gold
Handbags have outshone gold as an investment, according to one study. Hermes Birking bags were first made in 1980. Since then, they have increased in value by over 500 per cent, with an annual average return of 14.2 per cent – higher than the 11.66 per cent average produced by the S&P 500 and the 1.9 per cent average produced by the precious metal.
Last year saw a record-breaking year for the bags, with a single pink crocodile skin Hermes Birkin selling at auction for an all-time high of $223,000. A study by Ba…