Collectors can fight to pay 7m for a Birkin but the it' handbag is no longer cool | Lauren Cochrane
Briefly

Jane Birkin’s original Hermes bag sold for a record 8.6 million, highlighting its status as a wealth symbol. This bag, once a simple luxury item, has become a way to signify significant disposable income. Customers must often pre-spend substantial amounts to even be placed on waiting lists for the bag, underscoring its exclusivity. The cultural perception has shifted, with luxury items like the Telfar bag now being favored for their affordability and fashion instead of the Birkin, which has lost its fashion appeal and is increasingly viewed as an obnoxious status symbol.
The Hermes Birkin bag has sold for a record-breaking 8.6m, emphasizing its status as a symbol of wealth rather than fashion. Demand has created a culture where customers must pre-spend on other items before securing a place on the waiting list.
The Birkin bag has evolved from a luxury fashion item to a signifier of wealth, often associated with disposable income and societal status, rather than style or elegance.
Read at www.theguardian.com
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