Why Do These Hermès Bags Cost $70,000?

Heritage Auctions Many consider collecting a male-dominated hobby, with men dominating categories like stamps, cars and baseball cards. But a surge in luxury accessory sales in the secondary market, handbags in particular, have reinforced female dominance in accumulating items like Hermes handbags that can sell for five figures. The Hermes Birkin bag, a line of bags made by the French luxury retailer and inspired by British actress Jane Birkin, has played a major part in attracting bona-fide collectors. “Until very recently, people with lots of bags didn’t self-identify as collectors. They were shoppers, buyers or ‘fans of Chanel,'” said Matt Rubinger, director of luxury accessories for Heritage Auctions.
Sourced from: http://abcnews.go.com/Business/women-enter-luxury-hermes-chanel-handbags-collectors-market/story?id=20321851

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