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Tsikoteer
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October 6th, 2022 05:07 PM #3582
Bloomberg - Are you a robot?
Hermes Kelly Bag Fetches Record Price at Sotheby’s Auction
ByAngelina Rascouet
September 30, 2022, 7:16 PM GMT+8
A Hermes handbag fetched a record price for a Sotheby’s auction, the latest evidence that rare luxury items are increasingly seen as stores of value by investors and wealthy buyers.
The Himalaya Retourne Kelly 25 bag sold for €352,800 ($346,802) in a Paris auction that ended Thursday, Sotheby’s said. The crocodile-skin handbag in mother-of-pearl white, reminiscent of a snowy mountain landscape, sold for almost three times Sotheby’s pre-sale estimate.
This model is viewed as a “real investment for the long term,” said Morgane Halimi, global head of handbags and accessories at Sotheby’s. It’s also “one of the hardest bags to obtain” in a Hermes boutique, helping to explain its resale price, she said.
The bag, manufactured this year, cost “a few tens of thousands” of euros at retail, she said.
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Tsikoteer
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October 6th, 2022 05:09 PM #3583
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October 6th, 2022 05:14 PM #3584
Its part of the marketing plan for luxury brands to be "household names." Thats why they always lease places with high foot traffic, even if only a minuscule percentage of those who see the stores can afford it.
How many people who pass by Glorietta 4, Orchard Road, or Canton Road can afford luxury goods? Not many (definitely more in the last two examples) but they just want the brand awareness, visibility, and accesibility
There are luxury stores hidden inside office buildings only open on request.
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Tsikoteer
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October 6th, 2022 05:19 PM #3585
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October 6th, 2022 05:20 PM #3586
Exclusively bespoke? I don't think so. Even the Royal Family buys brand names.
What I'm saying lang luxury bags have become aspirational items na when pre internet it wasn't. Anyway, magulo or malabo lang siguro ako magpaliwanag
Here's Princess Diana carrying a Louis Vuitton toiletry pouch. I suppose this was in the 90s
This is recent Lady Louise Windsor in a Chloe bag.
Sent from my SM-N960F using Tapatalk
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October 6th, 2022 05:29 PM #3587
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Tsikoteer
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October 6th, 2022 05:48 PM #3588
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October 6th, 2022 05:54 PM #3589
and if im going to buy luxury bags for investment i will shy away from Louis Vuitton because you can see many replicas of that brand. I will settle for Hermes or probably a Chanel but then again this luxury bags are ladies bag so I have no idea which bag can appreciate in value over time.
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Tsikoteer
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October 6th, 2022 05:54 PM #3590
The CHAdeMO plug is definitely a concern. And yes, you are potentially purchasing old tech. In...
2021 Nissan Leaf