Why is a Birkin bag so expensive?
This gorgeous functional design now ranks as the most popular bag in the world and among the Hermès collection, taking up to one full week from a single artisan to create by hand. Each Hermes artisan has to train for over 4 years to be qualified to make this coveted bag, and they are the only person to handmade this bag from start to finish so the full piece comes to life. Only the most luxurious materials from Europe are used to complete each Birkin handbag including rare skins such as crocodile and lizard, pairing with premium hardware such as rose gold, gold and palladium along with precision hand stitches.
How much does a Hermes Birkin bag cost now?
Hermes has been featured as a brand that “Holds it value the best (and longest)” in an article by Fortune Magazine. The waiting list implemented by Hermes for a Birkin, Kelly or Constance bag, sometimes as long as six years, has also contributed to driving the resale value of Birkin bags upwards with bags regularly selling on the secondary market for more than their original price.
Resale value is often factored by the rarity of the skins, condition and color combination. For example, a brand-new condition, togo leather Etain (gray) with gold hardware is fetching for around $16,000 USD as the time of writing. Based on supply and demand, prices for coveted color combinations can be skyrocketed because a certain celebrity has been spotted carrying it, but only a handful of available pieces for purchase.
How much is the cheapest Birkin?
While the cost of a new Birkin bag often ranges from $12,000 USD to more than $200,000 USD, there is occasionally Birkin bags available for resale at low, “Buy it Now” prices that start at around $5,000 USD on eBay.
What is the rarest Birkin?
The Hermès Himalaya Birkin bag is crafter from Nile crocodile hide and is often considered one of the rarest handbags in the world alongside the Himalaya Kelly bag. In 2016, this bag sold for an auction world record price of $306,168 USD.
How much is a crocodile Birkin bag?
Due to the rarity of the crocodile material, depending on the colour combination and size, crocodile Birkin Bags range from around $50,000 USD to $300,000 USD. Crocodile skin material is considered Hermès’ most expensive as their supply is very limited, in addition to being hard to produce.