Reported about 23 hours ago
Jane Birkin's iconic handbag sold for a whopping $10.1 million at a Sotheby's auction, setting a new record as investors increasingly turn to luxury collectibles like handbags for stable returns amidst stock market volatility. The Hermès Birkin, originally designed out of necessity, has proven to be a high-performing asset, appreciating at an annual rate of 14.2% over several decades, outpacing traditional stock investments and highlighting a growing trend towards 'passion assets' for wealth diversification.
Source: YAHOO