Business

Hermès handbags have outperformed the S&P 500

By Febspot • 1 min read
Hermès handbags have outperformed the S&P 500 — Businessinsider
Source: Businessinsider

Hermès handbags have outperformed the S&P 500 in recent years, with the Mini Kelly II and the Birkin posting especially strong gains. A study by luxury platform FashioNica shows the Mini Kelly II returned more than 300% from 2022 through 2025, rising from $9,200 to $36,980, while the Birkin appreciated by 285% over the same period.

The S&P 500 returned 43% in that span. Other luxury items also jumped: The Row Margaux 15 climbed 56% in three years, and the Louis Vuitton X Nike Air Force One Low rose 125%. Collectors and market professionals often treat these pieces as investments rather than apparel, sometimes keeping them stored rather than worn.

Scarcity is central to the bags' appeal.

hermès, birkin, mini kelly, fashionica, s&p 500, louis vuitton, nike, margaux 15, luxury investment, scarcity