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Are Hermes Birkin Bags Worth $10K+?

In 2019, a diamond-encrusted crocodile Birkin bag sold for $500,000. The Birkin bag, made by French luxury brand Hermes, is named after actress Jane Birkin. It consistently shatters sales records at auction, selling in the hundreds of thousands of dollars. But experts say the bag cost just $2,000 at its inception in 1984. We looked at how Hermes elevated the Birkin to a status symbol and collector's item and whether or not the Birkin bag is a solid investment. Correction: The Ferrari featured in the video is actually a Ferrari 458, not a Ferrari 812 Superfast. The retail price of a base-model Ferrari 458 is under $300,000. According to David Oancea, who purchased the $500,000 diamond-encrusted crocodile Birkin mentioned above and $2,000,000 of Hermes Birkin bags overall, they're a solid investment. He claims to have been offered $680,000 for the bag, a nearly 40% profit. By owning a Birkin he's part of an exclusive club that includes Melania Trump, Miranda Kerr, Katie Perry, Victoria Beckman, and the Kardashian / Jenner clan. The Birkin bag also has fans amongst those who have created businesses and personas based off of the bag. Monika Arora is the founder of Pursebop.com, a destination for Birkin bag enthusiasts. Jane Angert is the president and artistic director of JaneFinds, a company that helps buyers find rare Birkin bags. » Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Connect with CNBC Make It. Online Get the latest updates: https://www.cnbc.com/make-it Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt #CNBC #CNBCMakeIt #Birkin Are Hermes Birkin Bags Worth $10K (or more)?