If I had won the Powerball last night, the first thing I would have done would have been to put my name on the Birkin waitlist. If you don’t know, Birkins are the Aston Martins of the handbag world, but it might actually even be harder to get your hands on one. If you’re less famous than Taylor Swift, not only do you have to fork over a down payment on a home to own one, but you’ll have to be prepared to stay on a waitlist for around 5 years – and even then, it’s not a guarantee. As Samantha Jones can attest, even Lucy Liu’s publicist can’t get one without signing the wait list.
However, their exclusivity and scarcity are exactly what make them so expensive and desired. Luxury retailer Baghunter recently put out a study to conduct just what a monetary investment in a Birkin will net you. Usually, handbags, cars, and other luxury items are depreciating assets – once you buy them, they start going down in value. This, however, is far from the case with a Birkin. Due in part to their lifetime repair policy and, of course, the fact that EVERYONE wants one, Birkins actually increase in value over time. And according to Harper’s Bazaar, they increase in value a LOT.
When you invest in the stock market, you can typically expect an annual return of an extra 7 – 10 percent on the money you put in. Buying gold gives you around an extra 2 percent back. But Birkins on the other hand? They increase in value by 14.2 percent, which is completely unheard of. In 2001, Birkins actually increased in value by 25 percent, which is about triple what your dad makes in the stock market. Say goodbye to your 401(k). It turns out that you can just buy Birkins forever for the maximum return on your money. Of course, getting your hands on the first place may cause problems, but if you can, stock up — you’ll get rich..
[via Harper’s Bazaar]
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