Hermès Birkin Bags Set to Continue Positive Growth Trend as 2017 Price Increase Imminent, Reports Baghunter
Widely expected 2017 Hermès Birkin price hike would create knock-on effect for investors and collectors in the secondary market
Beverly Hills, CA, April 24, 2017 (Newswire.com) - Continuing the trend reported by Baghunter in their research study last year, it is extremely likely that Hermès will increase the price of their Birkin bags in 2017. Since the launch of the Birkin bag in the early 1980s, it has only ever experienced positive growth in value and with an expected price hike just around the corner; the Birkin bag looks like it will maintain its reputation as a reliable investment. The last significant Birkin bag price increase occurred well over 12 months ago. However, movement in the secondary market by seasoned investors suggest the next price hike will take place shortly.
Retail price increases issued by Hermès have traditionally been anticipated on the secondary market as savvy investors purchase bags before the price hike. This spike in activity has been witnessed by Baghunter in recent weeks, as a record number of Hermès Birkin bags have sold in the short space of time. While the Birkin experienced record-breaking sales and demand in 2016, a 2017 price increase would make this year highly profitable for investors and collectors who are willing to sell.
This imminent price hike means Hermès Birkin bags look set to continue as the ultimate investment piece. Now is the perfect time to sell if you are seeking a quick sale or to buy if you are looking for a profitable investment.
Evelyn Fox, CEO
“This imminent price hike means Hermès Birkin bags look set to continue as the ultimate investment piece,” said Baghunter CEO, Evelyn Fox, “Now is the perfect time to sell if you are seeking a quick sale or to buy if you are looking for a profitable investment.”
A price increase this year will continue the incredible rise of the Birkin as an investment piece. On average, the Birkin has yielded an annual return of 14.2% since its release, providing a better return than both gold and the S&P 500 in that time. Recent data published by Baghunter showed that the most valuable Birkin bag color for investment is black while both Porosus and Niloticus Crocodile skin bags are the most precious materials. A pristine condition Birkin bag can fetch up to 120% of its value on the secondary market.
About Baghunter
Baghunter is an A+ rated BBB accredited business which buys, sells, and consigns ultra-luxury handbags and purses including brands such as Hermès and Chanel. Baghunter also offers an authentication service for every bag sold through the website, a Bag Bespoke service for customization of bags with Swarovski crystals or bespoke artwork, a Bag Concierge service to help clients find rare and unique handbags, and a VIP Club which offers benefits to avid purse collectors.
Media Contact:
Shea Robinson
Phone: +1 (800) 221-5165
Email: press@baghunter.com
Source: Baghunter