How the Hermes Birkin bag is losing its scarcity appeal
The decline reflects a broader shift in the luxury market By Tassilo Hummel, Helen Reid and Alessandro Parodi London-based Cai Baochun used to make a hefty profit reselling Hermes’ famed Birkin bags for more than double their $10,000 retail price. Now he has stopped stockpiling them as second-hand prices fall. “I…
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