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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Better Than Gold? How the Hermès Birkin Became the Smartest Luxury Investment You Can Carry

The Original Birkin Bag. (Credit: Sotheby's)

Gold and Bitcoin prices reached new highs, driven by macroeconomic volatility amid the ongoing US government shutdown, as investors flock to time-tested and alternative asset classes.

However, the founder of luxury resale platform OpenLuxury, James Firestein, believes that the value of Hermès Birkin handbags has continued to defy the rules of fashion economics, outpacing gold over the past 10 years.

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