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, whereas the stocks returned 11.7 percent a year and gold just 1.9 percent.
"The study displays how high-end, rare and sought-after luxury items such as Hermès Birkin handbags have never dropped in value, even during times of recession and economic difficulty," Evelyn Fox, founder of Baghunter, told Luxury Daily.
Fox also noted, "There is a difference between luxury and ultra-luxury. While the luxury market suffers during worse economic times, the ultra-luxury market is impervious to economic factors that can affect other industries such as high-street retail and stock markets."
Your only challenge? Getting off the years-long waiting lists just to see a bag. Bonne chance!