We all know how hard it is to score an Hermès Birkin, which is why the resale value for the bag is high.
At the end of September 2020, Kruse GWS Auctions, which specialises in entertainment memorabilia, fine jewellery, iconic fashion items, and royal artefacts, shattered a world record during their Luxury Jewellery, Timepieces and Handbags auction.
Founder and lead auctioneer of Kruse GWS Auctions, Dame Brigitte Kruse took an influx of online bids from around the globe for an unused Hermès Shiny Black Porosus Crocodile, 10.70ctw Diamond & White Gold Birkin Bag, which sold for a staggering USD$287,500 (S$390,724) and marked another world-record for the auction house.
Coveted for their rarity and craftsmanship, Birkin bags have paved the way for luxury handbags as investments. Over the past 35 years, Birkins have out-performed both the value of Gold and the S&P 500 stocks.
However, as many customers know, getting hold of a Birkin bag is no easy task given their relative scarcity and high demand. So, with that in mind, here are seven things you could spend nearly S$400,000 on instead.