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1. What type of luxury goods are worth buying?
While the last few years have been a roller coaster economically, luxury goods have steadily held up demand among retail shoppers, and even increased significantly in prices.
And this phenomenon isn’t new either.
Hermes Birkin bags are famously worth their weight in gold – in fact, they hold value better than gold.
A Birkin Faubourg bag (a very rare, limited edition version of the Birkin) recently sold for €158,000 on Vestaire Collective (a second hand luxury good platform), which is many times the price the original owner paid for it.
Vestiaire Collective notes that the average price of a Hermès bag is up 15% in 2022 compared to last year....