12 May '18, 11pm

@AmritaMalhi They’re good investment, some argue https://t.co/vbiGxRoraO

N ews that Christie’s has just sold a Hermès Birkin bag for £155,000 will come as a vulgar surprise to those who think spending more than £19.99 on a single fashion item is completely cuckoo. To the outsider, fashion’s built-in obsolescence makes the idea of investing in anything seem misplaced since, thanks to its six-month renewal cycle, no sooner is your purchase “in” than it is “out” again. But if a fool and her money are soon parted, the adage doesn’t apply to Hermès. Like art, vintage cars and fine jewellery, a Hermès bag could turn out to be a wise investment . That the blue crocodile Birkin, embellished with white gold and diamonds, attracted a worldwide bidding frenzy will come as no surprise to any seasoned fashion-watcher. In the pantheon of designer handbags, nothing tops the desirability of Hermès, the luxury status of which has been unassailable ever since Gr...

Full article: https://amp.theguardian.com/fashion/shortcuts/2017/jun/13...

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Gucci taps a fashion icon to tell its fortune

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