Why second-hand Hermes Birkin bags fetch up to $56,000 online
Why second-hand Hermes Birkin bags fetch up to $56,000 online (by buyers who claim it's a reasonable price)
The Birkin handbag, by Hermes, has long been one of the world's most coveted accessories.
But while a brand-new Birkin is priced by the French fashion house at around $8,000, second-hand bags are selling for up to $56,000 online.
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Celebrity hit: A Birkin bag by Hermes, seen on the arms of Kim Kardashian and Victoria Beckham is priced at around $8,000 but sells for up to $56,000 online through sale sites
As a result of the Birkin's shrinking stock, the hand-crafted leather handbag is proving to be more of a hit now than ever before.
The bag was originally made for the actress and singer Jane Birkin in 1984 after the late Jean-Louis Dumas, who served as the chairman of Hermes for almost 30 years, had been inspired by her after sitting beside her on a plane.
It has evolved into a stylish symbol of wealth over the years.