Bloomberg Talks Birkins

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The Bloomberg Advantage Carol Massar and Cory Johnson interview Jeffrey Berk Founder and Managing Director Privé Porter.

Just a few minutes ago, Bloomberg Advantage wrapped up an interview with Privé Porter co-founder and Managing Director Jeffrey Berk on our favorite subject… the holy grail Hermes Birkin bag. The interview comes right off the heels of Prive Porter smashing the record for most expensive Birkin sold, beating out famed auction site Christie’s (read: New Record Set for Most Expensive Birkin Sold).

“Privé Porter has evolved to worlds largest reseller of the Hermes bags and our niche is to buy and sell the bag that has never been carried and is absolutely new…” says Berk. He talks in detail about the porosus crocodile skins Hermes uses for the production of their exotic Birkin bags.

We reached out to Privé Porter and asked how exactly their business model works…“we have $1.5 million dollars of inventory of bags at all times, selling and rotating 3-8 units a day… which is why the IG feed is so successful. There’s always something new…”.

Lots of interesting stuff here, enjoy! And check out IG for some exclusive pics of Berk with the show’s hosts. 

Listen to the Bloomberg Advantage Podcast here:

Audio Player
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Selfie time with the Bloomberg crew.

Keeping you in the ‘bag loop’…
Love your PurseBop

Tags: BIRKINS

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Just Can’t Get Enough: Padma Lakshmi and Her Hermès Birkins

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Tags: Hermes And BIRKINS Can’t Just Get Enough: Padma Lakshmi Her

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This Week, Celebs Like the Pricey Birkins, Pale Pink and Louis Vuitton

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Tags: Louis Vuitton the And Pink PRICEY BIRKINS Celebs Week This Like Pale

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STUDY CLAIMS HERMÈS BIRKINS ARE A BETTER INVESTMENT THAN STOCKS OR GOLD

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“Investment” is a word that gets thrown around a lot when it comes to luxury fashion, but when it comes to actual, annual increases in value, Hermès Birkins are the gold standard. According to a data evaluation recently done by resale platform Baghunter, that might be even truer than bag lovers previously thought.

Baghunter looked at investment returns over the past 35 years on S&P 500 stocks, gold and Hermès Birkins and found that Birkins were the safest bet, with an average annual return of over 14%. Stocks and gold, by comparison, both failed to match that mark, with an average annual return of 11.66% and 1.9% in that period, respectively.

This is good news on the whole if you have some Birkins in your closet that you’d like to resell, but there are, of course, a few things to keep in mind. There aren’t full details on the study’s methodology, and as best as I can tell, there’s no adjustment for the condition of the Birkin. When reselling consumer products like handbags, the maximum returns generally only go to resale pieces in pristine or unused condition; that’s not a consideration for stocks and commodities, which have a different relationship with their valuations.

The Birkin does have some points in its favor, though, if you’re looking at it from a purely investment-minded standpoint. As Luxury Daily points out, Hermès operates on the ultra-luxury market, which mostly shields it from fluctuations in consumer spending that can damage sales for regular luxury brands. That, combined with continued development in global markets and the relatively small amount of of Birkins produced, helps keep the bags rare and desirable, shoring up their value in the process.

It’s something to keep in mind if you’re interested in resale, but as always, the best reason to buy a bag (or anything) is because you love it.

Tags: Hermes BIRKINS

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