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Keyword: herms

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  • Hermes Birkin Bags Make for a Better Investment Than Gold and Stocks, According to a Study

    01/14/2016 3:48:15 PM PST · by presidio9 · 11 replies
    US Weekly ^ | January 14, 2016 | Rose Walano
    Mama needs a brand-new bag! According to a recent study by Baghunter, the legendary Hermès Birkin bag is a better investment than both gold and stocks. The luxury site compared the returns on the three investments over a 35-year period, and, as it turns out, the value of the Birkin, which starts at $11,000 on Baghunter, has never decreased. In fact, while the values of gold and the stocks have fluctuated, the top-handle tote's value has steadily increased more than 500 percent in the last three and a half decades. That makes for an average annual increase of 14.2 percent,...
  • 'Birkin man' made his fortune chasing the elusive Hermès bag

    05/25/2008 7:27:08 PM PDT · by StilettoRaksha · 41 replies · 872+ views
    Miami Herald ^ | Apr. 30, 2008 | BY KATHRYN WEXLER
    Michael Tonello didn't grow up wearing Hermès, the venerable French label founded in 1837 by Thierry Hermès as a saddlery. He never coveted Hermès ties or scarves, hallmarks of the upper crust. And the American hairstylist certainly never gave a rat's arse about the world-famous Birkin bag, the clunky, rectangular satchel so elusive that billionaires can't always get their hands on them. For the longest time, Tonello didn't even know what a Birkin was. He just wanted enough dough to live in dreamy Barcelona. But after falling into the resale business, he haphazardly discovered the formula for procuring Birkins. And...