19 Sep '13, 6pm

How To Buy Your First Hermès Birkin: For status and craftsmanship, few handbags rival the Hermès Birkin. Kim K...

Most people who pay that much money for a handbag don’t intend to use it and even those who think they will are reluctant to once they own it. But these bags are really made to “be worn and carried and loved,” Rubinger says. While you’re paying for the name, you’re also getting superior quality and even if you make the Birkin a workhorse, it’s still a good investment. A “carefully used” one typically fetches between 80% and 120% of what the previous owner paid for it. In contrast, a lesser brand handbag in the same condition can be resold for only about 10% of what the original owner spent. “So if you can afford it, you’re making a better economic decision to buy a special piece that’s going to hold its value.”

Full article: http://www.forbes.com/sites/deborahljacobs/2013/09/19/how...

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