You too can play the handbag stock market

Scarcity in the bag market, as in the sneaker market, is a large component of value

Earlier this year Kylie Jenner, the beauty mogul and Kardashian-Jenner family member, gave one of her patented home tours to Architectural Digest. It featured her collection of Pop Art, arcade games and her “purse closet,” a special room that includes a reported 400 bags (or more), encompassing many Hermès Birkins, Chanels and Diors.
 

“I have been collecting these bags for a minute,” Jenner said enthusiastically in another tour. “They’re also a great investment.”

That’s the kind of statement that can make viewers roll their eyes and cringe, except that she is not exactly wrong. Hermès handbags have spawned a singular secondary