I was recently reading an article about Victoria Beckham’s style, and one of the things mentioned was her Hermes collection. The article also stated that she pays tens of thousands of dollars for each bag! I guess that’s like pocket change for posh spice, but it made me think about the obscene price of these bags and why this is so.
Big Bucks for a Birkin Bag
If you look through eBay, the average Hermes Birkin bag costs between $7,000 and $12,000. And this is without any custom-made features! How can this be? It all comes down to craftmanship. Birkin bags are made out of the finest and most exotic leather and precious metal, and they are hand made by craftsmen in France. It actually takes around 48 hours just to make one, so this is why the waiting list is years long.
Typically, the exterior features of a Birkin bag are made out of leather or crocodile skin, but crocodile skin tends to cost way more because the saltwater crocodiles they use aren’t easy to come by. The interior lining is manufactured from goat skin that is specially tanned to match the color of the exterior. The signature lock, keys, buckle, and feet studs that adorn the bags are also made with precious metals such as gold or palladium.
Despite the fact that an Hermes Birkin bag is expensive, I would still highly recommend purchasing one because it is one of the few bags that actually appreciates in value over time. Usually, a bag only retains resale value as long as it is considered to be an “it” bag. In this case, you can spend $5,000 on a brand new birkin and expect to resell it for a hefty profit.