Birkin bag...
the future of our investments? Lately there has been a hudge discourse about how the world of investments and tax writeoffs is getting closer and closer to the world of fashion, but how? Can we actually go shopping and call ourselves entrepreneurs?
The Birkin bag, named after the actress and singer Jane Birkin, is one of the most iconic and expensive handbags in the world. Its rise to fame began in the 1980s when Jane Birkin was seated next to the CEO of Hermes, Jean-Louis Dumas, on a flight from Paris to London. As she struggled to fit all of her belongings into her straw bag, she expressed her desire for a more practical and luxurious handbag. Dumas took note and worked with Birkin to design a bag that would meet her needs. The Birkin bag was born and quickly became a status symbol for the wealthy and elite. Today, the Birkin bag continues to be a highly coveted fashion accessory, with waiting lists of up to several years for certain colors and sizes.
Why is it such a good investment in 2023?
The Birkin bag has proven to be a good investment over the years, as it consistently increases in value. Its rarity, high quality craftsmanship, and association with luxury make it a sought-after item among collectors and fashion enthusiasts alike. In fact, according to a recent report by Art Market Research, the value of a Birkin bag has increased by an average of 14.2% per year over the past decade, outpacing the returns of both gold and the S&P 500 index. Additionally, since the bag's production is limited and demand is high, the resale market for Birkin bags remains strong. Owning a Birkin bag is not only a symbol of wealth and status, but it can also be a smart investment choice for those looking to diversify their portfolio.