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The design idea for the Birkin Bag came about during a flight in 1983. Louis Dumas, then head of the Hermès family business, met the British actress Jane Birkin during a trip, who was using a straw bag as a handbag. When asked why her bag was made of raffia, the actress replied that the usual handbags were too small. Louis Dumas immediately began sketching a trapezoidal bag. 
 
The online portal Welt compared the price development of Birkin bags with that of US stocks and gold with an astonishing result. Precious handbags outperform traditional investments in terms of return. The annual increase in the value of Birkin bags is 5% higher than that of shares. 
 
A&nbsp;Hermès bag is not available in the shop around the corner. The producer determines who is allowed to purchase one of the coveted handbags in the first place. Production is deliberately limited. Similar to a Rolex watch, buyers have to put up with waiting periods of several years. To avoid these waiting periods, customers switch to the secondary market. Even bags with signs of wear after several years of use still fetch prices of over 10,000 euros. This underlines the enormous scarcity and high demand. 
 
Rare pieces from limited editions are often traded for six-figure sums at auctions. The Birkin Bag with the model name Himalaya was auctioned at Christie's in Hong Kong for the record price of 200,198 US dollars. The handbag is made of matt white Niloticus crocodile leather and has an 18-carat gold handle.

The price of € 14,200 includes the Splint Invest platform fee and external maintenance costs of € 2,150. € 12,050 can be allocated to the bag. 
Platform Fee Splint Invest:&nbsp;Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
External maintenance costs: Shipping, handling, as well as years storage and insurance for the whole investment horizon.

Variable Costs

Berner Kantonalbank AG BEKB | BCBE, Bundesplatz 8, 3011 Bern

20602 Hermés Birkin 2013 Clémence Palladium

The average annual increase in value of the sought-after Birkin bags since 1980 is at 14.2%. 
 
According to the 2022 wealth report of Knight Frank the prices for collectible handbags increased by 78 % over the last 10 years.

Return

The production volume is kept at low level by Hermès. This leads to annual price increases of 5 up to 10 % for the primary market of Birkin bags. 
 
The prices on the secondary market follow the increase on the primary market. 
 
The annual production of the Birkin bag is at around 3,000 pieces.

Stability

The small production volume has been driving up the prices of these bags for years.

Three reasons to invest

<ul>
	<li>Since 1985, Birkin bags have achieved an average annual increase in value of 14.2 %.</li>
	<li>Hermès raises the prices of these beloved bags by 5 to 10% every year, which also drives up prices on the secondary market.</li>
	<li>The annual production of the Birkin bag is around 3,000 pieces.</li>
</ul>

Hermès, Birkin, 2013

The idea for the bag came in 1983 when Louis Dumas met the actress, Jane Birkin. When Jane told him about the space problems of handbags, he immediately started to draw a trapezoidal bag. 
 
Since 1984 the Birkin bag is the most sought-after handbag. Quality is of utmost importance and still today the bags are handmade from the finest material. The production time is at 48 hours per bag.

Track Record

Secondhandbags is the leading one-stop shop for secondhand designer handbags. We provide a broad range of services from Buying, selling, renting and authentication of exquisite luxury handbags. Sustainability, honesty and customer service are the principles we follow, which our suberb reviews support.

Secondhandbags specializes since more than 15 years in buying and selling secondhand designer hand bags. As the only company in Switzerland we focus solely on handbags and do not offer watches, shoes or jewellery. Hence, an exceptional Know-How and Database of handbags has been built during this storied history. 
 
Secondhandbags is the leading one-stop shop for secondhand designer handbags. We provide a broad range of services from buying, selling, renting and authentication of exquisite luxury handbags. 
 
Sustainability, honesty and customer service are the principles we follow, which our suberb reviews support. We listen to the wishes of our customers and also offer personal shopping services, in case you lost your heart to a hard-to-get bag. In the end we want to power our community with the ability to wear exceptional pieces at affordable prices. From vintage to limited editions: At Secondhandbags each bag tells its own story.

Secondhandbags Ltd

This is a concrete investment opportunity in which we have recalculated the expected performance given by the external expert (Secondhandbags Ltd) and have thus checked whether a positive return can be expected after deducting all costs for storage and insurance. Furthermore, we have verified the existence, proper storage and insurance of the bag.

Hermès, Birkin, 2013

Asset's Life Cycle Details

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Aurelio

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