What is Birkin?
I still remember the scene from the Sex and the City. Samantha visits Hermes to buy Birkin Bag, but the staff told her that there is waiting list for a new bag and it’s five years. Samantha says, "Five years? for a bag?" And the staff says. "It’s not a bag, It's a Birkin. "
It is a story from the TV show, but actually, there are waiting lists “for new bags” and it’s six years.
Why Birkin is so expensive?
A Birkin, which is not just a bag, costs between $ 60,000 to $ 200,000. This expensive bag is a dream item that hard to touch for a lifetime even if you want to have it for ordinary women.
After heard the price of the bag, you might want to ask why prices are so expensive?
Birkin’s are made from high quality of crocodile leather, gold and diamonds etc. In addition, the craftsman who makes the bag has to practice for over a year to make the bag, and it takes about 18 hours to make one bag.
Craftsman doesn’t use the machine at all, they only make bags by hand. This explains why there are not so many bags produced at a time and why Birkin is high scarcity.
It's not just a bag, it's an art work.
Btw, I have a question about this, there are many kinds of bags made by craftsmen’s hand other than Hermes. Why is the price of Hermes is only extremely high? Is it really not a brand value? But I will talk about this next time.
Birkin vs Gold
According to a recent study, the value of birkin bags has outpaced the price of gold in the last 36 years. They say that the annual return of Birkin was 14.2%, which means that Birkin Bag is better than gold for a long term investment.
The most expensive Birkin in the world is the ‘Exceptional Collection Rouge H Porosus Crocodile Handbag’, which costs about $ 200,000.
$ 200,000 for one bag? It means 74 of Bitcoin in terms of Bitcoin,
and 200,000 SBD in terms of steam dollars!!
Now, Birkin Bag has surpassed the value of gold, but will it come the day when one coin of crypto currency surpasses this value? Personally, I hope the price of Steem will be like that!!
Would you invest in Birkin Bag or Steem? I’d definitely go with Steem!!!!
Thanks for reading :)
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