telegraph.co.uk
52%
819
Why great handbags can be better investments than houses
Hardly Ever Worn It, a high-end resale site based in London, 15 per cent of their 200,000 registered users now make some, or part, of their living playing the bag market.The secondary (or as it used to be called, before it co-opted terminology from the auction houses, second-hand) bag market is now one of the most dynamic sections of the luxury market.At Christie’s, a diamond pavé, white crocodile Hermes Birkin (229 diamond sprinkles in all, totalling 9.3 carats) set a new record for the auction house last November when it sold for 4 million Hong Kong dollars (£379,000). It hadn’t been worn by anyone famous and it wasn’t even vintage, merely dating from 2021.