26 Nov '16, 6pm

Louis Vuitton, Hermès Top List of Most Valuable Bags at Resale.

The success of websites like The RealReal, Vestiaire Collective, and Rebagg – just to name a few – indicates that the online market for pre-owned luxury goods is significant and growing. And in the secondhand market, not all bags are created equal. In fact, some tend to be worth significantly more than other at re-sale. We already knew this; in fact, every time an Hermès Birkin or Kelly bag goes up for auction, we see this principal in action. This past spring, an Hermès Birkin Himalayan bag in white crocodile, circa 2009, set a new record for the most expensive handbag sold at auction at Christie’s Paris, selling for $171,675. That record was supplemented in June when an Asian phone bidder paid $222,912 for a Shiny Fuchsia Porosus Crocodile Diamond Birkin 35 in a Christie's Hong Kong auction. With this in mind, it is not surprising that Paris-based design house Hermès’s b...

Full article: http://www.thefashionlaw.com/home/louis-vuitton-herms-top...

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