Let's get this bag: Experts predict that handbags will be the best collectible investment in the near future.
Handbags were the number one collectible investment in 2019, beating out art, stamps and rare whisky, among other categories, according to a new report.
Knight Frank said that while the handbag market – which has exploded at auction and online sales – is being driven by a variety of brands, the Hermes Birkin dominates the high-end of the market. Birkin bags increased 13% in value in 2019, according to the report. The most expensive handbag ever sold was a white Himalaya crocodile diamond Birkin, auctioned by Christie's in 2017 for $379,261. The Himalaya Birkin, considered the Holy Grail of handbags, is crafted from Nile Crocodile hide and treated with a special dye process that turns it a special white that fades to a smoky grey. It's unknown how many Himalayan Birkins Hermes has ever produced, but their numbers are small, experts say.
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