Yes, Hermes Birkin bags are very expensive. Such a handbag can cost thousands of dollars, to say the least, and it goes without saying that not many people can afford them. The highest price paid for a Hermes bag was $379,261.
That says it all about what you should expect when checking the tags. But now you’re probably asking yourself: why are these Birkin bags so mind-numbingly pricey? Well, there are actually a few reasons for this, and we’ll take a look at them immediately.
Luxury Hermes bags are expensive because:
- They’re made with genuine leathers
And we’re talking about the finest leathers in the world. Since the price of a bag like this starts at $12k, you can rest assured that it’s not made with faux leather. Hermes usually uses calf leather for the bags.
They use premium skins
We’ll just mention crocodile, ostrich, goat, and lizard, among others. These are all super-expensive on their own, particularly because in many countries, hunting these animals is illegal. Add this to the other features of a Hermes bag, and you already get a sense of why their price tag is so high.
The hardware is made with precious metals
All the locks, buckles and keys of a Hermes handbag are plated with either palladium or gold. At some point, palladium was actually more expensive than platinum, but they’ve evened out in the meantime.
Both platinum and palladium are extremely rare metals. Gold is already too mainstream, but expensive nonetheless. Because of the use of precious metals in the hardware, the price of a Hermes bag once again sky-rockets.
They’ve got diamonds
Diamonds are usually optional and can be put on a bag if somebody wants a custom Hermes. Some of them can have them by default. There’s really no need for us to expand on why diamonds pump up the price. It’s a pretty self-explanatory aspect.
They are all handmade
Hermes bags are handmade with a special type of stitching that’s already 2 centuries old in France. The whole bag, from start to finish, is sewn, polished and painted by hand with the utmost care.
Hermes has always said that one of the reasons why these bags are so pricey is that they’re handmade. It takes high-brow craftsmanship and attention to detail to make them. In a sense, you can say that the process of manufacturing these bags is an art.
There are no other makers of Hermes bags in the world. To some extent, this is how we can explain the fame of this company and the huge amount of profit it made since it was founded.
Pretty much all of them are limited edition
If you want to buy a Hermes Birkin, you should know that these bags are not mass-produced. They are released on the market in series, or even as unique pieces. A vast percentage are custom-made and then re-sold. In some cases, those are even more expensive than brand-new ones.
But the main idea is that Hermes handbags are limited edition, which justifies the price.