Tell us something we didn’t know. Hermès Birkin and Kelly lovers can spout chapter and verse about how these items hold value better than nearly any other investment. Read: It’s Official: Handbags Are A Top Collectible Investment and Gold, S&P 500, or Hermes Birkin
And that hasn’t changed, even during the COVID-19 pandemic. Resellers are flourishing during lockdown and quarantine, as we wrote recently. Read Hermès Resellers Flourish in Lockdown That continues to be true even as boutiques begin to reopen and shoppers re-emerge.
WWD reports that, at a recent auction, prices paid for vintage Hermès bags exceeded expectations by about 60%. Artcurial offered 150 lots at its sale running between May 29 and June 4, netting €242,000 as compared to the estimated €150,000. On the other hand, art sales at Christie’s, Sotheby’s and Phillips fell 97% in May.
Interestingly, Birkin 35s and 40s, which are less-favored sizes at the moment, experienced popularity during the sale, according to Artcurial.