Why Hermès’ coveted Birkin bag is losing its appeal— and plummeting in price
London-based Cai Baochun used to make a hefty profit reselling Hermès’ famed Birkin bags for more than double their $10,000 retail price. Now he has stopped stockpiling them as second-hand prices fall. “I don’t want to lose money,” said Cai, who started selling the bags on online platforms such as Vestiaire Collective and on social … Read more