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Luxury bags as assets: Returns on Hermes’ Birkin bags nearly match those of S&P 500 investments
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The Knight Frank Wealth Report 2024 found that luxury handbag prices increased by 67 per cent over a period of 10 years ended in 2023.
PHOTOS: HERMES, CHANEL, DIOR, THE ROW
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SINGAPORE – Your wife or partner and other collectors have not been gaslighting you – luxury handbags can be a worthy asset in your investment portfolio.
And it is not just luxury goods resellers who are saying this. Analysts who spoke to The Sunday Times are singing the same tune.
