Birkin bags are the holy grail of all bags. They are so iconic and prestige. At a point in time for many years, Birkin bags were the rarest bags to find. Only the elite of the elite were able to get there hands on this magnificent bag and even when they were able to acquire a bag, they wouldn’t dare tell how and where they got their bag from.
If you don’t know what a Birkin looks like (and if you don’t you’ve been living under a rock lol) here is a picture:
These basic yet sleek and chic bags can range from $10,000 – $100,000 or more ! (yes its that serious for a prestigious bag like this one)
But now in this day in age, these once rare bags are becoming more accessible and that’s due to the fact of online and even in store fashion resale.
Fashion resale is something that has grown popular over the last 5 years or so. This is were ordinary people who have bought luxurious bags such as the Hermes Birkin bag and sells them on sites such as TheRealReal, Stockx, and more !
This one Fashion reseller is to be said to sell over $60 million worth of Birkin bags alone. Just imagine how much more money they made reselling other luxury brands.
Luca Solca, senior analyst for luxury goods at Bernstein says that there about a million Birkin bags on the market right now. A few years ago this would be a much more lower number.
I mean that’s good for a bag that used to be something you only seen on the most famous people in the world, but some are asking will this now put a devaluation on the bag ?
In a way it probably could put a devaluation on the bag because if many people have the bag, people reselling would now probably start to set the price low. You only set prices high on a product if its super hard to find, but if the bag is on every resell site with an abundant of quantity then the bags price could go down significantly.
When it was hard to get the Birkin bag, Hermes would never give up a secret on how to take one of these bags home with you.
The brand even had a wait list at a point in time, but that didn’t grant people their wishes of owning the bag all the time because the wait list got unmanageable due to so many people getting their name on the list.
Honestly the word rare in the fashion industry is a word that cant be used so loosely anymore. That is because of the growing numbers of fashion resale sites that run online and even on Instagram accounts. The era of dreaming to be able to get an Birkin bag is at an end. If you have that kind of money to buy one right now, you can simply open up your laptop and search up the type of Birkin you want and instantly find what you are looking for and purchase it that same day.
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