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Why invest in a Kelly Bag? 
The Enduring Charm and Sophistication of the Iconic Kelly Bag 
Originally known as the Sac-à-Depêche and crafted by the prestigious French luxury house Hermès in 1935, the iconic Kelly Bag later garnered its name from the revered American actress and Princess of Monaco, Grace Kelly. Grace Kelly's association with the bag, particularly using it to shield her pregnancy from the paparazzi, added to its allure and enigma. Since then, the Kelly bag has become synonymous with timeless elegance, impeccable craftsmanship, and unparalleled style, establishing itself as one of the most sought-after luxury handbags globally. 
 
Exclusivity and Rarity in the Hermès Market 
Hermès is famed for its stringent buying policies, which restrict the number of bags an individual can purchase annually. By deliberately maintaining limited production, the brand ensures waiting periods of several years for prospective buyers. Consequently, the secondary market emerges as a preferred avenue for those seeking to circumvent waiting lists. Even pre-owned Kelly bags in heavily used condition command prices surpassing 10,000 euros, underscoring their extraordinary scarcity and desirability. 
 
Why a Padded Kelly? 
Unique Design Inspired by Vintage Cars 
Investing in the new version of the Kelly 25 bag means owning a piece with a distinctive design that pays homage to the padded interiors of classic automobiles. The meticulously raised leather on all sides creates a plush and luxurious texture, adding a modern twist while evoking the nostalgic charm of vintage cars. 
 
Exemplary Craftsmanship 
Each edge of the bag is carefully saddle-stitched, a technique that not only reinforces the structure but also highlights the craftsmanship. This meticulous stitching divides the front and back of the bag down the middle, creating two distinct sections that add depth to the design and accentuate the bag's heritage. It showcases a perfect blend of tradition and innovation. 
 
Timeless Elegance and Sophistication 
The overall aesthetic of the Kelly 25 is a celebration of timeless elegance and sophistication. By investing in this bag, you are acquiring a statement piece that combines classic inspiration with contemporary flair, making it a worthy addition to any collection. 
 
Outlook for 2024 
The outlook for 2024 for the Hermès Mini Kelly remains optimistic, with continued high demand. Kelly leather bags marked as "store fresh" still fetch prices around $30,000 to $40,000 on platforms like Sotheby's, and sometimes even higher at auctions, depending on factors such as color and production year. Although we are not seeing the peak prices observed in 2022, demand remains robust. Kelly leather bags are preferred over exotic or vintage versions and retain their popularity among Hermès clientele. Despite fashion editors and designers shifting their focus to larger bags, smaller bags, including the Kelly, remain highly sought after.

The price of €28,900 includes the Splint Invest platform fee and external maintenance costs of €2,200. €26,700 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

40607_Hermes Kelly Padded

The average annual increase in value of the sought-after bags since 1980 is at 14.2%. 
 
According to the 2023 wealth report of Knight Frank the prices for collectible handbags increased by 67&nbsp;% 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 Kelly bags. 
 
The prices on the secondary market follow the increase on the primary market. 
 
The annual production of the Kelly bag is around 20,000 pieces.

Stability

The new version of the Kelly 25 bag, inspired by vintage cars, features a distinctive design that pays homage to the padded interiors of classic automobiles. The bag's leather is meticulously raised on all sides, creating a plush and luxurious texture.

Hermès, Kelly 25 Padded

This handbag was launched in 1935 as Sac-à-Depêches. The actress Grace Kelly fell in love with the bag and was photographed with it. Many customers subsequently spoke of the Grace Kelly bag, after which Hermès renamed it the Kelly bag. 
 
Quality is of the utmost importance, and even today, the bags are handmade from the finest materials. The production time is 40 hours per bag.

Track Record

Procura London aims to procure luxury goods, investment pieces and heirloom treasures for discerning clients and businesses alike. Using their knowledge, experience and concierge services, Procura London aims to inspire clients and advise on their next best investment piece in order to curate and expand their private collections.

Procura London offers procurement services of Luxury Goods such as Hermès bags, Watches and Fine Jewellery as well as hard to find designer pieces. With over 10+ years in the industry, Procura London is able to find the best rare and unique pieces and works with clients and businesses alike to inspire and advise on the next best investment piece to buy, based on their understanding of market trends and market valuations. 
 
Clients will often refer to Procura London to curate gift edits in order to help them find unique gifts for themselves and loved ones for key milestone events and celebrations. Procura London will use their concierge services to help them find heirloom gifts to pass down through the generations. The pieces are sourced on a request by request basis, meaning that the meticulous process of finding the perfect item for the client is of the utmost importance and Procura London will work together on the brief making sure that the client’s needs are met.

Procura

This is a concrete investment opportunity in which we have recalculated the expected performance given by the external expert (Procura London) 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, Kelly 25 Padded

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