Designer handbags become the new must-have investment

Designer handbags become the new must-have investment outperforming whisky, art and classic cars

Designer handbags are the most profitable luxury investment, according to a new report from Knight Frank.

The Wealth Report today reveals that the collectable accessories have knocked rare whisky off the number one position, looking at one year returns. 

The value of designer handbags has risen by 13 per cent over 12 months, it says. 

A rare matte white Hermès Himalaya Niloticus Crocodile Birkin 30, sold at auction for a whopping £125,000

Sebastian Duthy, director of Art Market Research, says: ‘It’s only been possible to create an index on handbags now because of the frequency with which many iconic pieces are coming to auction today.

‘While bags made by luxury brands such as Chanel and Louis Vuitton are also highly collectable, it is those made by Hermès that attract the highest prices and are considered the most desirable.’ 

At a Christie’s auction in London in November, a limited-edition Hermès Mini Picnic Kelly 20 bag was sold for £52,500 — after the estimated price was set between £20,000 to £30,000.

Another Hermès bag, a rare matte white Himalaya Niloticus Crocodile Birkin 30, sold for a whopping £125,000. The estimated price was £60,000 to £80,000. 

The report showed that over the last year handbags outperformed both whisky and art, which both recorded growth of 5 per cent. 

Classic cars, another strong performer in recent years, slipped 7 per cent.

Over ten years, prices for bags have more than doubled, with a 108 per cent growth recorded. Although rare whisky tops the charts over the decade, rising 564 per cent.

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