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Unworn Birkin resale values fall more than $6,000 since 2022
Livemint·
Unworn Hermès Birkin resale prices fell more than $6,000 from a 2022 peak, Reuters reported. Reseller Cai Baochun said he stopped stockpiling bags as prices weaken. An unworn black Birkin 25 sells near £24,000, about £4,000 below 2022, Antoinette Hunter said. It retails for £9,390 in Britain. Six resellers said buyers spend $10,000 to $20,000 on other Hermès goods first.
Prism
What It Means For You
- Buyers paying 2022 premiums on resale Birkins may face lower resale returns if prices keep sliding.
- Shoppers seeking direct boutique bags still face spending thresholds on scarves, clothing and shoes.
- Online platforms such as Vestiaire Collective and The RealReal make price comparisons easier for sellers.
What's Happening
- Reuters cited weakening second-hand demand as availability of Birkins increases.
- Cai said he does not want to lose money and has cut his Birkin inventory.
- Fashionphile said its Birkin listings grew 32-fold over 15 years as the resale market expanded.
Hermès Resale Softening
- Hermès names the bag after actor Jane Birkin and says crafting one takes 15 hours.
- The company does not disclose production numbers or selling policies to the public.
- Hermès declined to comment to Reuters on reseller claims about purchase prerequisites.
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