Demand for Hermes Birkins Is Virus-Proof, Resellers Say
- Resale website Vestiaire Collective raises $64 million
- Hermes, Chanel bags boosted by reputation as safe investments
Photographer: Balint Porneczi/Bloomberg
Fallout from the coronavirus and lockdowns to contain it have pounded financial markets and sparked surging unemployment. But the economic gloom has yet to deter collectors of some of the French luxury industry’s most sought-after products, resellers say.
Sales of pre-owned Hermes and Chanel handbags have been stable in price and volume since the start of the crisis, excluding an initial slowdown when European lockdown measures went into place, according to Max Bittner, chief executive officer of Paris-based luxury resale website Vestiaire Collective.