• Saturday, June 15, 2024
businessday logo


The Birkin Bag: Five things you need to know

The Birkin Bag: Five things you need to know

The Birkin bag is one of the most iconic and sought-after luxury handbags in the world. It is known for its high price, exclusivity, and timeless design.

Here are five things you need to know about the Birkin bag:

It was designed for Jane Birkin

The Birkin bag was designed in 1981 by Jean-Louis Dumas, the then-CEO of Hermes, after he sat next to British actress and singer Jane Birkin on a flight from Paris to London. Birkin was complaining about the lack of a stylish and practical handbag that could fit all of her belongings, so Dumas sketched out a design for her.

It is very expensive

The price of a Birkin bag can vary depending on the size, material, and craftsmanship, but they typically start at around $7,000 and can go up to hundreds of thousands of dollars, in June Christie’s Hong Kong sold a matte Himalayan crocodile-skin Birkin with a ten-carat diamond-studded white-gold clasp and lock for $300,168.

It is made by hand

Each Birkin bag is handmade by a single artisan in one of Hermès’ workshops. The process takes over 18 hours, and the bags are made from the finest materials, including leather, crocodile skin, and ostrich skin. Hermès says its prices are based on its costs, which are necessarily high. Yet the many man-hours and fine materials that go into the making of the bag may not account for much of its price.

Read also: The secret economics of the Birkin bag

It is a status symbol

The Birkin bag is one of the most coveted luxury handbags in the world, and it is often seen as a status symbol. Celebrities and fashion icons are often seen carrying Birkin bags, which has helped to increase their demand and value. Some celebrities who own Birkin bags include Victoria Beckham, Angelina Jolie, and Kim Kardashian.

Investment Value

The Birkin Bag has proven to be an exceptional investment over the years. Due to its scarcity, timeless design, and enduring popularity, certain Birkin Bags have appreciated significantly in value. The rarity of specific editions, limited editions, or bags made from exotic materials has led to substantial price increases in the resale market. For those fortunate enough to obtain a Birkin Bag, it can serve as both a fashionable accessory and a potential investment opportunity.