Birkin bags are very expensive. Why?

If you are a fashionista, you will not be unfamiliar with Hermès Birkin bags. They are known for their exquisite craftsmanship and exclusivity. The bags are truly unique. The Hermès Birkin is the most Instagrammed bag of all time, with over 5,9 million posts! What makes Birkin bags the best sellers? Why are they so expensive compared to your wallet?

Well, when you combine the luxury brand Hermés with the internationally known British actress and singer Jane BirkinThe result is the most expensive Hermés bags in the world.

History of Hermes and the Birkin bag

The Hermés brand is a French family business created in 1837. This may surprise you Thierry Hermes This company was founded to manufacture bridles and harnesses for horses. But the debut of leather bags for human use did not occur until 1922.

So it was 1983 and on a Paris-London flight. This was when the CEO of Hermès Jean Louis Dumas Jane Birkin (an English actress) sat next to me and I had the brilliant idea of ​​creating the most luxurious Birkin bags on the planet.

She was known for her wicker bag, in which she carried everything she needed, from groceries to diapers. She put the bag in the overhead bin of the plane, but the lid came loose and everything fell to the floor.

Jean-Louis Dumas heard her complain about finding a leather bag that was both modern and practical. This is how the Hermes Birkin bags were born.

Why is a Birkin bag so expensive?

You are always in the right place at the right time. Dumas and Birkin spent the flight sketching bag design ideas on the back of sick people's bags. Birkin received the final design for the bags a year later. The Hermés brand has been in business for six generations and is now run by the CEO Axel Dumas.

How much does a Birkin bag cost? It depends on the style and leather used, as well as the size of the Birkin bags, demand, and many other factors. Traditional leathers are available in stores for around $10.000 to $15.000. For example, the Hermés Birkin in size 25 starts at around $12.000.

However, Hermés' most expensive bags are made from exotic skins and can cost $25.000 or more. Birkin bags are more expensive than most, with one costing half a million.

Why is the Birkin bag so expensive?

Birkin bags are very expensive. The story behind the bag answers part of this question, but there are even more factors that explain why they are the most expensive Hermès bags in the world.

Exclusion

Birkin bags have a unique appeal that makes them so expensive. A Birkin bag cannot be bought in a single store. It has to be purchased over a long relationship.

Even then you're more likely than not to be able to score one. In fact, in the past, there has been a Hermès Birkin bag A six-year waiting list! This is partly because they are only shipped in small quantities.

They are also the best-selling Birkin bag, the so-called “Celebrity It” Kim Kardashian, Kate Moss, Jennifer Lopez and Mariah Carey are just some of the celebrities we know. These designer bags are a great choice.

The status of the handbag as a symbol of wealth is no secret. These bags are not mass-produced, but are handmade. Each bag is hand-made by a craftsman with years of experience. The number of Birkin bags is limited.

excellent craftsmanship

When it comes to Hermès Birkin bags, quality takes precedence over quantity. These bags are not mass produced like other bags. They are made in France by skilled craftsmen.

The company's original stitching was used. Each bag takes several days to produce and is unique in the world.

The most expensive Hermès bags are made from exotic skins such as crocodile, ostrich, lizard and goatskin. You can find precious metals in the hardware, such as keys, buckles and locks.

You can even make custom bags with diamonds. The value of Birkin bags like this one is what makes them so special.

The second-hand market is dominated by sellers who drive up costs

The high demand for Birkin bags in Hermes boutiques has led to a rise in prices on the second-hand market. Due to the demand and exclusivity, dealers can charge two to four times the retail price for the same bag.

In fact, COVID-19 saw dealerships become “flourishing” Unable to visit a luxury fashion boutique in person, many have turned to online shopping to purchase their ideal handbags. These bags remain very rare and expensive.

The Himalayan Birkin Bag

Birkins can be expensive if you think about their price range. The Birkin Himalaya bag, which has the highest price tag, was David Oencea bought the property for $500.000

The Himalaya Kelly, another Hermes bag considered one of the most valuable in the world, is also an example. The Hermes Crocodile bag was In 2020, it was sold at auction for $437.330.

This bag is a rare and unique accessory. This bag was made from Nile crocodile skin dyed with dyes to create images of the Himalayan mountains. It is a complex process and can take hours.

The Himalayan Birkin Bag with Diamonds It is luxurious and extravagant. Accented with white diamonds and 18-karat yellow gold hardware, it also features white diamonds.

The Cadena padlock, made of 18-carat white gold, weighs over 68 grams and contains 1,64 carats of diamonds. This bag is studded with over 200 diamonds, totaling 8,2 carats.

Although the original selling price of this bag was high, its value increases when combined with precious metals, gems and rare items.

Information about the Birkin bag on the web

We won't talk about where to buy a Birkin until we've reviewed the sites. For fashion enthusiasts, these sites can be compared to a "designer handbag 101"

They have information and discussions about luxury handbags from brands such as Hermés, Chanel, Louis Vuitton, Gucci and others.

We love these favorites Shopping bag, The Stock Market Blog, Christie'sPlease see the following Sotheby's to learn all about Hermés Birkin bags and much more

Birkin Shopping Guide

The reason why Birkin bags cost so much, now you can decide if it is worth the money. You might consider another option, but not the Himalayan Birkin bag.

We want to highlight the importance of bags made by trusted sellers before we talk about where you can buy a Birkin.

There are plenty of luxury product scams out there, and you don't want to waste your money on an Hermès Birkin bag! Make sure you do your homework and only trust sellers who guarantee authenticity. You could end up buying an expensive fake bag.

You can buy a Birkin at an independent store.

You can buy directly from a Hermès store, but it may not be the easiest or quickest way to get your dream bag. The key is to stay in a store, build a relationship with a salesperson you connect with, and express your dream of owning an Hermès bag without being pushy.

Buy a Hermés bag from trusted stores

You can buy Birkin bags from trusted resellers by going to second-hand markets. Websites like Fashionphile.com, therealreal.com, annsfabulousfinds.comPlease see the following vestiairecollective.com Here are the best places to buy designer handbags.

This way you can be sure you are not buying counterfeit products. This convenience comes at a cost.

Check the authenticity of your dealer's purchase

You can make your bag more authentic by getting it certified. Your bag will be certified as authentic, which could prove beneficial if it is ever put up for sale.

The most popular authenticator is Bababebi Authentication Services. You can also authenticate your bag through the Bag Forum «Hermés Authentication Topics»

A Birkin bag is a quality product. Now that you know where you can buy Birkin bags, let's talk about how to save money on one.

What to do if you want a Birkin?

Yes, the most expensive Hermés bags can reach into the six figures, like the Himalayan Birkin bag, but there are plenty of other Birkin bag styles that could be on your dream shopping list. Renting a designer bag is another option.

It is important to maintain your savings and not use it to pay off credit cards. The interest rate will increase the value of your portfolio.

To save money on the Birkin bag you want, it's important to know how much Birkin bags can affect your financial situation.

For example, consider that the bag you're looking at costs about $15.000 and you want to have it in two years. Then take $15.000. Divide it into 24 months. That's $15.000 divided by 24, which equals $625 per month.

You'll need to spend approximately $157 a week to afford the bag of your dreams. It's easier to achieve when you break your goals down into smaller ones.

Now you know how much money you will need per month to buy a Birkin bag. This can be done in several ways.

1. Side dust

It is possible to make more money by working harder. A side hustle is a good way to save money to buy a Birkin.

It is possible to make a very lucrative living, depending on which side of the business you are interested in. You can make upwards of $20 an hour as a virtual assistant, coach, or freelance writer. It is possible to work as little as 8 hours a week and still save money.

2. Start a journey to save money

Making it enjoyable makes saving money easier. It's easy to get motivated to save money with money saving challenges and money saving charts.

The $10.000 challenge, for example, can help you reach your goal more quickly. Visual trackers can make it easier for you to stay focused and on track with your goals.

3. Cut expenses

A budget cut is another easy way to get more money for Birkin. You can do this by cutting expenses like cable and other unnecessary items from your budget.

The average monthly cable bill is $85. To save money, consider alternatives to cable. There are also other ways to save money by increasing the size of your bill.

4. Automate your savings

Automation is a way to save up for a Birkin. Automate your savings accounts to set up an automatic transfer.

You would then set $157 a week to move money from your checking account into savings. This will keep you from spending your hard-earned money on a new bag.

5. Sign up for a Birkin account to store your Birkin bag.

Saving up for a Birkin bag or other specific item is the best way to go. The best way to save is to open a Club account. Christmas.

The Christmas Club Account can only be withdrawn with a penalty. This helps prevent you from taking advantage of this money. It is much more affordable to open a normal savings account. A Christmas Club Account will make you stop and think before you dip into your savings account.

What makes Birkins so expensive? It's all about exclusivity and demand

Birkin bags can be expensive if you ask yourself. The reason why Birkin bags are so expensive is that their supply and demand is limited. It is also due to the exceptional craftsmanship and the fact that they are adorned with precious metals.

Although they can be expensive, you can save up to buy one if your heart desires. But you should make sure you have an emergency fund and debt-free savings before saving up for Birkin bags. Luxury purchases should take priority over your finances.

Don't think that designer handbags are a better investment as financial assets. If the bag is in perfect condition, they will lose their value and may not be worth as much.

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