That expensive handbag which felt like an indulgence could be a shrewd investment.
Handbags were the number one collectible investment in 2019, beating out art, stamps and rare whisky, among other categories, according to a new report.
Wealth researcher Knight Frank said that while the handbag market – which has exploded at auction and online sales – is being driven by a variety of brands, the Hermes Birkin dominates the high-end of the market.
This was the first year Knight Frank included handbag prices in its ranking of collectible-investments, since the number of handbag auctions and online sales has now reached critical mass to reliably track their values over time. Over a 10-year-time period, handbags have more than doubled in value, up 108%..
It could well be time to insure them under your household insurance. At Doyle Mahon we can cover your most valuable items so you can keep enjoying them… email info@doylemahon.ie or call us on 053-9123630
