The bitcoin of fashion: Designer bags selling for thousands at auction

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The bitcoin of fashion: Designer bags selling for thousands at auction
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They say you can never have too many bags or shoes, especially if they boast tags from Hermes, Chanel, Christian Dior, Gucci or Louis Vuitton. And if you just so happen to own a Hermes “Kelly” or “Birkin”, it’s money in the bank – or in the closet.

And if you just so happen to own a Hermes “Kelly” or “Birkin”, it’s money in the bank – or in the closet at least.

“I was told that the owner went into Hermes every second day to make her acquisitions,” says Shapiro.When it comes to discerning the real from the fake, Shapiro suggests looking at the little brass feet on a Hermes bag. “If they’re screwed on and can easily be removed rather than actually piercing the leather, it’s a fake,” he says.Chanel shoulder bags have also been extremely popular on the secondary market.

Roxy is an avid collector of designer bags. She purchased her first Hermes Birkin, a 35-inch black bag with silver hardware, when she was in her mid-20s.“Back then you would be paying around $18,000 for a 35-inch,” says Roxy, who sees the Birkin and Kelly bags as the ultimate status symbol. “I looked at people with them and saw success.”

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