<story><title>The economics of the Birkin handbag</title><url>https://www.wsj.com/style/fashion/hermes-birkin-bag-investment-031c215c</url></story><parent_chain><item><author>GaryNumanVevo</author><text>Comparing a Hermes appointment to clicking &amp;quot;buy&amp;quot; on an NFT is hilarious. Nonetheless, I&amp;#x27;ve gotten three appointments, have spent around 150k EUR on bags. So far I&amp;#x27;ve made $30k after VAT and US duty. No idea why Paris original Hermes bags go for so much more in the states. If I have an appointment, I&amp;#x27;ll fly round trip to Paris, buy the bags, and hold them until I go to the states. Great experience, very high class!</text></item><item><author>michael_vo</author><text>I went to a buy.&lt;p&gt;Hermes gives you 24 hours to go into the store and buy the item. Otherwise the bag goes to the next buyer on the rolodex.&lt;p&gt;Buyers call their friends and make it into an event. They’re literally giddy and excited to go. It’s like winning the lottery.&lt;p&gt;You’re ushered into a private room with nice couches, mirrors, a phone. You choose a scarf and wrap the scarf around the strap.&lt;p&gt;Buyers text their sales rep almost daily.&lt;p&gt;In a way it’s like a drop in the NFT space.</text></item></parent_chain><comment><author>1-more</author><text>You&amp;#x27;ve spent half of your highest salary on bags? Feels like a lot but I&amp;#x27;m just some guy. What was the biggest bag balance you&amp;#x27;ve had on the books? Or are you buying and flipping at most one or two at any time? When you make these trips, do you have a US buyer lined up beforehand or do you find them once you&amp;#x27;re in the US?</text></comment>
<story><title>The economics of the Birkin handbag</title><url>https://www.wsj.com/style/fashion/hermes-birkin-bag-investment-031c215c</url></story><parent_chain><item><author>GaryNumanVevo</author><text>Comparing a Hermes appointment to clicking &amp;quot;buy&amp;quot; on an NFT is hilarious. Nonetheless, I&amp;#x27;ve gotten three appointments, have spent around 150k EUR on bags. So far I&amp;#x27;ve made $30k after VAT and US duty. No idea why Paris original Hermes bags go for so much more in the states. If I have an appointment, I&amp;#x27;ll fly round trip to Paris, buy the bags, and hold them until I go to the states. Great experience, very high class!</text></item><item><author>michael_vo</author><text>I went to a buy.&lt;p&gt;Hermes gives you 24 hours to go into the store and buy the item. Otherwise the bag goes to the next buyer on the rolodex.&lt;p&gt;Buyers call their friends and make it into an event. They’re literally giddy and excited to go. It’s like winning the lottery.&lt;p&gt;You’re ushered into a private room with nice couches, mirrors, a phone. You choose a scarf and wrap the scarf around the strap.&lt;p&gt;Buyers text their sales rep almost daily.&lt;p&gt;In a way it’s like a drop in the NFT space.</text></item></parent_chain><comment><author>kylehotchkiss</author><text>How much value do these bags lose if you so little as touch them with an ungloved hand?</text></comment>