Are Handbags Actually a Good Investment?

Handbags have always been emotional purchases. Somewhere along the way, they became financial ones too, and if you've ever tried to justify a Birkin to someone who doesn't get it, Rachel Koffsky is the woman who makes that argument for you. Rachel is the Head of Handbags at Christie's, one of the world's most prestigious auction houses, and has spent 12 years at the intersection of fashion, collecting, and the resale market. She joins me to break down what it actually means to treat a handbag like an asset, and which bags are worth your money right now. We get into the history of handbags at auction, what the market is telling us about where we are culturally, and why classic pieces continue to outperform almost everything else. Whether you're sitting on a collection or thinking about your first serious purchase, this episode will change how you think about what's hanging in your closet. Shop all items mentioned in the episode: https://shopmy.us/collections/5624992 In this episode, we get into: - How Christie's first offered a handbag for sale in 1978 — with pieces from Coco Chanel's personal collection - The era of the It Bag and why the late 90s and early 2000s changed collecting forever - Why Birkins and Kellys set record prices during the 2008 recession — and what that proved about handbags as investments - How the pandemic accelerated the shift to digital and created an entirely new generation of handbag collectors - Christie's 96% sell-through rate in handbags and w