![Hermès Birkin Bag Price [2022 Updated]: Why Is It So Expensive?](https://www.buddingstem.com/wp-content/uploads/2022/12/Hermes-Birkin-Bag-Price.jpg)
The iconic Hermès Birkin bag was created in honor of the actress Jane Birkin. Since it was first made available to the public in the 1980s, it has undergone a number of reinventions. Two rolled handles, a flap top, a touret, a clochette, and four clou “feet” make up the typical Hermès Birkin handbag elements.
But what is a Birkin bag, who makes Birkin bags, how much does a Birkin bag cost, why are Hermès bags so expensive, and is the Birkin possibly worth the price? Read on to discover the answers to these questions and find out the rarest and most expensive Birkin bag in 2022.
How Much Are Hermès Birkin Bags?
How much is a Birkin bag? The cost of the Birkins seems to increase every same Goyard Bag. The Himalaya Niloticus Crocodile Diamond Birkin 30 was just recently sold in 2019 for an incredible $400,000. At the time, no Birkin had ever been sold for that amount, and no sale has since topped it, making this a record-breaking deal.
The more affordable Birkins can be purchased for as little as $10,000 and go as high as $250,000 for the more expensive designs. There is a waitlist for these bags as well, but if you’re impatient, you might find some resellers offering these beautiful bags for less than $15,000. See some of your options for used Birkin bags below!
The second-hand market will usually price more for a basic (good condition) model because it’s simpler to buy and doesn’t require you to wait on a waitlist at a boutique. Additionally, you have the luxury of discovering the exact bag you want as opposed to being presented with one at a boutique that you might not like.
Since the 1990s, the cost of today’s Birkin series has soared. Due to the unmatched supply-to-demand ratio, even a pre-owned Birkin still demands an excellent resale value price, sometimes even higher.
Let’s dive into the Hermès Birkin prices list and find out the most expensive Hermès Birkin bag price in 2021 compared to 2022.
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Hermès Standard Birkin Bag
What you would pay over the years is as follows:
- 1980: $2,000
- 1990: $2,750
- 2000: $4,000
- 2014: $11,000
- 2020: $12,100
- 2022: $13,200 (A markup of 5% to 10% was announced for January 2023)
Hermès Togo Birkin
The price of the Birkin Bag often rises at the beginning of each year. In 2020, the Togo Birkin cost in Europe was as follows:
- Togo Birkin 25: €6,800
- Togo Birkin 30: €7,750
- Togo Birkin 35: €8,600
The price of those same Birkin bags in the US would have been:
- Togo Birkin 25: $9,850
- Togo Birkin 30: $10,900
- Togo Birkin 35: $12,100
In 2022, considering a 3% annual average price increase, the Togo Birkin may cost something like this:
- Togo Birkin 25: $10,145
- Togo Birkin 30: $11,200
- Togo Birkin 35: $12,450
Hermès Box Birkin
Price: $20,950
This leather, which is produced from calves, is used in numerous handbag styles and types of leather. Although relatively flexible, this leather has a stronger construction and provides structure.
Hermès Epsom Birkin
A stamped-grain leather that stands out from the most of other leathers by seeming more rigid and structured. One of the more robust products in the line that can withstand normal wear and tear.
- Epsom Birkin 35: $9,250 – $14,995
- Epsom Birkin 30: $9,950 – $24,695
- Epsom Birkin 25: $28,500 – $35,950
Hermès Crocodile Birkin
- Shiny Porosus Crocodile Birkin 35: $19,950 – $41,995
- Shiny Porosus Crocodile Birkin 30: $29,560 – $40,500
- Shiny Niloticus Crocodile Birkin 25: $34,155 $50,395
Hermès Matte Niloticus Crocodile Himalaya Birkin
Price: $165,000
Only you can decide whether the Hermès Birkin bag price is worth it to you or not. But there is plenty of evidence that buying a Birkin, whether from a dealer or a boutique, is a wise investment. Read on to know why Hermès is so expensive and why is products are worth buying.
Why Are Birkin Bags So Expensive & Worth The Price?
There are many drivers of the Birkin bag price.
Quality
Even with the “cheapest” Birkin bag, Hermès makes no compromise when producing the highest quality handbag. Only the finest luxury leathers, prized for their toughness, scratch resistance, and supple, buttery feel, are used by them. Gorgeous exotic skins like crocodile, ostrich, and alligator are also used by Hermès.
Although some of the world’s top design houses also employ these leathers, Hermès is given primary recognition for choosing the best for the Birkin. Only the top 10 percent of these expensive leathers are reportedly chosen to make Hermès bags, and only the best of the best are made into Birkin bags, which naturally contributes to the Hermès Birkin purse price.
The hardware on a Birkin bag is plated in gold or palladium, a lustrous, silvery-white metal that is more valuable than platinum. Both metals are stain-resistant, adding beauty to the bags they adorn.
Before ever handling a Birkin bag, these skilled craftspeople spent years working for the Hermès design house perfecting their skills with these exceptional leathers and metals. Each Birkin is manufactured by skilled artisans over the course of at least 18 hours, and each one is stamped with a code that indicates the year it was made, the workshop in which it was made, and the artist who made it.
Exceptional Investment
A Birkin bag is commonly considered a more profitable investment than gold or the stock market. Hermès handbags, which had a 13% increase, were the top investment asset in the fourth quarter of 2020 compared to the previous year, according to a report published in 2021 by Art Market Research.
Strong Resale Market
Hermès handbags have the highest resale value due to their uniqueness, timeless style, and durability. They keep getting more valuable. The Art Market Research 2021 study found that from 2019 to 2020, the value of Birkin bags at auction grew by 42%. According to McKinsey & Co., the luxury resale market is expected to grow 10%–15% annually over the following ten years. As a result, both the demand for pre-owned Birkins and the price of these bags will increase.
Collectable-Worthy
Due to their rarity and universality, Hermès handbags are regarded as treasures. The “language” of Hermès is immersed by collectors, who have an almost exhaustive understanding of the leathers, exotic skins, colors, and limited-edition handbags like the Faubourg Birkin.
Functional Art
Because of the company’s commitment to using only the highest caliber materials and meticulous old-world craftsmanship, the classic handbag has become authentic art. Hermès is a world-class leather tanner and dyer. Hermès handbags are a work of art unmatched by those made by other handbag manufacturers because of this and the hand-stitched manufacturing technique.
The Bottom Line
It’s obvious why Hermès Birkin bags have created a resale market that’s equally as valuable as the original due to their exclusivity, exquisite material, and craftsmanship. If you want to avoid waiting and are eager to get your hands on this bag but are uncertain of the Birkin bag price, try your luck in the used bag market. An investment in a classic and a source of pride to own used goods. A classic, as they say, never goes out of style.
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