The story of how the Birkin bag was born is a thorougly interesting one. Legend has it that Englishwoman and French style icon, Ms. Birkin and Jean-Louis Dumas, the late chief executive of Hermès met on a flight from Paris to London. The former was reported to have been spilling the contents of a straw tote bag, which sparked an idea in the businessman’s head: Why not create a bag that would be suitable for jet-setting women with equal amounts of belongings and style? A partnership was formed.
This collaboration led to the creation of one of the most exclusive luxury goods in the world. A Birkin bag, whose price starts around $9,550, is so reserved for the elite, Hermès refuses to declare the number of handbags it manufactures every year.
According to a study, the Birkin increases in value by an estimated 14.2 percent each year, making it – on paper – a more worthwhile investment than what you would typically consider as one – stocks, bonds, gold, etc. In theory, if you bought a $10,000 (₦3,580,000) Birkin today, in less than 400 days, it would be worth about $11,420 (over ₦4,000,000).
Hermès reportedly has an international waiting list for a Birkin, which can go up to six years. This exclusivity and desirability elevates the classic carry-all to the level of a collector’s item; hence, worth a lot of money.
So, if the handmade ostrich leather, the goat-skin lining or its sheer rarity isn’t enticing enough, perhaps this new piece of financial advice will sway you.