"In July, the sale of Jane Birkin's original Hermès Birkin for €8.6m at a Paris auction established it as by far the most expensive handbag of all time. "I was actually shocked it went for that amount," says Ella de Guzman, founder of Siopaella consignment store. "If this bag was being sold in the second-hand market as just another preloved Birkin bag, it would have only traded hands for maybe €5,000 max given the condition that it was in. It was completely destroyed, yet because of its incredible history, its perceived value was crazy.""
"For some, a handbag is more than an accessory, it's an investment - just ask barrister Maria Steen whose vibrant blue Hermès Kelly bag recently made headlines closer to home."
Jane Birkin's original Hermès Birkin sold for €8.6m at a Paris auction, becoming the most expensive handbag ever. Ella de Guzman, founder of Siopaella consignment store, noted that the bag's poor physical condition would normally limit resale value to roughly €5,000, but its provenance and history drove a dramatically higher perceived value. Celebrity association and exceptional provenance can transform damaged items into high-value collectibles. The designer second-hand market is experiencing strong demand from vintage traders and collectors. Some buyers explicitly treat luxury handbags as investments, as seen with Maria Steen's vibrant Hermès Kelly.
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