30 Apr '16, 10pm

Record Price for Hermès Birkin Bag https://t.co/yBnOvqaEs8

A rare Hermès Birkin handbag with diamonds on its hardware has sold for $298,000, breaking the previous record for a resold handbag of $222,000. Never used, the crocodile bag, in a fire-engine color that Hermès calls “braise,” had been kept in store-bought condition by two former owners, each of whom bought it with profit in mind. This raises an interesting question. Is the Birkin a handbag or an investment? Most handbags are like cars: They devalue rapidly once purchased. Birkins, and some other Hermès bags, like the Kelly, can be the rare exception if they’re well-maintained; the previous record-breaking bag was also a Birkin. The bag was an investment for Jeffrey Berk, the founder of Boca Raton, Fla.-based reseller Privé Porter. He sold it via a personal representative of the buyer and says he doesn’t know who the buyer is. “Will it go into that warehouse full of crates...

Full article: http://essentialsecho.com/record-price-for-hermes-birkin-...

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