Investing in luxury handbags has become a popular trend among fashion enthusiasts, collectors, and investors alike. In fact, according to the Straits Times' calculations, returns on Hermes’ Birkin bags nearly match those of S&P 500 investments. So what kind of returns can we expect from investing in a Birkin? Do all luxury bags have investment potential?
On Wealth Tracker, Hongbin Jeong speaks to Alyssa Woo, Assistant Business Editor, The Straits Times, to find out more.
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Luxury bags as assets: Returns on Hermes’ Birkin bags nearly match those of S&P 500 investments
https://www.straitstimes.com/business/invest/luxury-bags-as-assets-hermes-birkin-bags-give-returns-almost-similar-to-sp-500