The year 2019 marked another significant chapter in the already legendary history of Hermès handbags. Known for their exquisite craftsmanship, exclusive availability, and stratospheric prices, Hermès bags, particularly the Birkin and Kelly, continued their upward trajectory in value. While precise pricing fluctuated based on leather type, hardware, and retailer location, a general trend emerged: a noticeable price increase across the board. All Kelly sizes, for instance, saw increases in the hundreds of dollars, euros, and pounds. This was particularly impactful in the United States, which had experienced a relatively longer period without substantial price adjustments compared to other regions. This article will delve into the specifics of Hermès bag pricing in 2019, exploring various models, analyzing the investment potential, predicting future price movements, and considering the broader context of luxury goods market dynamics.
Hermès Bag Price Increases in 2019: A Detailed Look
The 2019 price increases weren't a singular event but rather a continuation of a long-term trend. Hermès, known for its carefully controlled production and deliberate scarcity, strategically adjusts its prices to reflect the increasing demand and the rising costs of materials and craftsmanship. While exact figures aren't publicly released by Hermès, anecdotal evidence from retailers, online forums, and secondhand market data points to increases ranging from several hundred to over a thousand dollars or euros, depending on the bag's size, leather, and hardware.
The Kelly bag, a timeless classic named after Grace Kelly, experienced price hikes across all its sizes. Smaller Kellys, like the 20cm and 25cm, saw increases relatively proportionate to their smaller sizes, while larger Kellys, such as the 32cm and 35cm, witnessed more substantial price jumps reflecting the increased material and labor involved in their creation. These increases were felt globally, although the US market, as mentioned earlier, saw a more pronounced impact due to the previous period of relative price stability.
Similarly, the Birkin bag, arguably the most iconic and sought-after Hermès handbag, also saw significant price increases in 2019. The price variations depended on the size (from the petite 25cm to the spacious 40cm), the leather type (Togo, Clemence, Epsom, etc., each with its own unique characteristics and price point), and the hardware (gold or palladium). Exotic leathers, such as crocodile or alligator, commanded significantly higher prices, often reaching tens of thousands of dollars.
Best Hermès Bag for Investment: A 2019 Perspective
The question of which Hermès bag represents the best investment is complex and depends heavily on individual risk tolerance and market predictions. However, in 2019, as in previous years, the Birkin and Kelly bags consistently topped the list of desirable investment pieces. Their enduring popularity, limited production, and growing demand ensured their continued appreciation in value. However, it's crucial to remember that the luxury goods market is susceptible to economic fluctuations and changes in fashion trends. While both bags have historically shown impressive returns, there's no guarantee of future appreciation.
Factors influencing investment value included:
* Leather: Exotic leathers like crocodile and alligator generally hold their value better than more common leathers like Togo or Clemence.
* Hardware: Gold hardware tends to be more sought after than palladium, potentially leading to higher resale value.
* Color: Certain colors, particularly classic neutrals like black, brown, and navy, maintain consistent demand.
* Condition: Bags in excellent condition, with original packaging and accessories, command higher prices.
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