As a bag designer, I normally made my own bags, but ever since I was gifted and bequeathed with a Birkin, I've been using them for psychological reasons. When you're carrying a Birkin, you will feel like you're instantly a fashion insider or apart of fashion royalty. The Birkin not only suggests fashion knowhow, it also radiates power. I normally sport sneakers and a shirt I slept in during my normal nonworking day, but when I have to do something fashion related or go to an event where I need to catch attention or command "respect" I bring out a Birkin. When I wear my normal outfit in a blogger meeting, a brand activation, security will definitely wonder about me, or sometimes, I'm completely ignored by the publicists, but with a Birkin, I get all the attention- whether it is obvious or not. The Birkin is like a “sword and shield" as you navigate thru the elite echelon.
Time Magazine said that the Birkin is a less risky investment than gold or the stock market. Researchers from Baghunter said n my personal research ,the S&P 500, gold and Birkin bags to see how their value changed over the past 35 years. The stock market had a return of a nominal average of 11.66 percent, with a real return average of 8.65 percent; gold had an average annual return of 1.9 percent, with a real return average of -1.5%. And those numbers assume that you don't buy or sell within that 35-year time period.
Birkin bags, on the other hand, increased in value by 14.2 percent over the same time period. Gold and stocks can be volatile, increasing and decreasing in value all the time, but the Birkin bag only became more and more valuable over the time period.
Why does the bag have such a high value? Because It is scarce. It has a 3 - 6 year wait. Remember that episode in Sex in the City where she had to name drop her way and eventually using the F-word multiple times to the Sales Associate of Hermes. It seems no amount of name dropping can get you the bag, Check out the Instagram account of Hermes. They refused to be tagged by other users- probably their way of telling the whole Instagram-sphere that they are beyond any association- THEY CAN'T BE REACHED BY ANY MORTAL. it further reinforces that the Birkin is the most exclusive handbag in the world. It is reported that you can have the bags repaired for life- meaning the Birkin I pass unto my grandchildren can still have this bag repaired.
The decade has been sluggish, but surprisingly, the highest of the high end is doing just fine. There is a difference between luxury and ultra-luxury," Baghunter founder Evelyn Fox told Luxury Daily "While the luxury market suffers during worse economic times, the ultra-luxury market is impervious to economic factors that can affect other industries such as high-street retail and stock markets."