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5 Hermès Bags To NEVER Buy (And 5 That Are Actually Worth It) — Transcript

by Luxe & Loyalty · 2,405 words · 393 segments · language en · Watch on YouTube

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  1. 0:00You walk into Hermes, buy a $10,000 bag,
  2. 0:03and never use it. That's not [music]
  3. 0:05luxury. It's an expensive mistake. The
  4. 0:07brand is often misunderstood. Not every
  5. 0:10bag justifies its price. Some are true
  6. 0:13investments, others fall short due to
  7. 0:15practicality, maintenance, or resale
  8. 0:17value. Yet, this distinction is rarely
  9. 0:20discussed. It's time to break the
  10. 0:22silence and separate the bags worth
  11. 0:24buying from those to avoid. So, let's
  12. 0:26get into the first bag and why it's not
  13. 0:29the easy entry people think it is. The
  14. 0:31Evelyn bag, casual, functional, and
  15. 0:34often underestimated at first glance,
  16. 0:36yet not always as versatile as many
  17. 0:38expect. The Evelyn is marketed as the
  18. 0:41accessible entry point into Hermes. And
  19. 0:44on the surface, that pitch makes sense.
  20. 0:47It is one of the lowest-priced bags in
  21. 0:48the range. The silhouette is clean. The
  22. 0:51perforated H on the front is instantly
  23. 0:54recognizable. But, here is what most
  24. 0:56people get wrong about the Evelyn.
  25. 0:58Accessible price does not mean
  26. 1:00accessible bag. Look past the brand
  27. 1:02name, and you are looking at a bag with
  28. 1:04no real closure, just a small flap that
  29. 1:06sits loosely over the opening. Tilt the
  30. 1:09bag at the wrong angle, and your
  31. 1:11belongings will slide out. There is no
  32. 1:13interior organization whatsoever. One
  33. 1:16open cavity, no zip pockets, no
  34. 1:19structure. The Clemence leather that
  35. 1:21most Evelyns are made in loses its shape
  36. 1:23without a dedicated organizer inside,
  37. 1:26which costs extra and defeats the
  38. 1:28purpose of the value positioning. The
  39. 1:30canvas shoulder strap is the final
  40. 1:33insult. [music]
  41. 1:34At over $4,000, you are wearing a canvas
  42. 1:37strap, not leather, canvas. And because
  43. 1:40the strap is not adjustable in any
  44. 1:42meaningful way, it either works for your
  45. 1:44body or it does not. And for most
  46. 1:47people, it does not.
  47. 1:49Reddit users who have owned the bag
  48. 1:51describe it as the most boring bag I've
  49. 1:53ever seen at a price point that cannot
  50. 1:55be justified by function, form, or
  51. 1:58resale value. On the secondary market,
  52. 2:00it sells for 30% to 55% less than
  53. 2:03retail. You are not buying a bag at
  54. 2:06$4,300.
  55. 2:08You are renting an introduction to the
  56. 2:10brand, and if you think that's
  57. 2:12frustrating, let's move to the Jige
  58. 2:14clutch. Because this one looks elegant,
  59. 2:16but fails in a completely different way.
  60. 2:19The Jige is one of the most photographed
  61. 2:21bags in the Hermes catalog. On a flat
  62. 2:24lay, it looks extraordinary. In real
  63. 2:27life, it is close to unusable. The
  64. 2:30problem is not the design. The problem
  65. 2:32is geometry. The Jige is a flat envelope
  66. 2:35clutch with no gusset, meaning it has no
  67. 2:38depth, no internal volume to speak of.
  68. 2:41You cannot fit a phone, a wallet, and a
  69. 2:43lipstick in this bag simultaneously
  70. 2:45without the edges straining. Reviewers
  71. 2:48who have purchased it consistently
  72. 2:49describe the experience the same way.
  73. 2:52Bought it for the look, sold it
  74. 2:53immediately because nothing fits. And
  75. 2:56here is the part that makes this
  76. 2:57particularly frustrating. Hermes charges
  77. 3:00you the same level of craftsmanship
  78. 3:02price for a bag that functionally
  79. 3:03competes with a $60 clutch from a
  80. 3:06department store. The envelope
  81. 3:08silhouette is timeless. [music]
  82. 3:10The leather is beautiful, and none of
  83. 3:12that matters when you are holding your
  84. 3:13phone in your hand all evening because
  85. 3:15there is nowhere to put it. At $3,000 to
  86. 3:18$5,000 for a bag you carry once to an
  87. 3:21event and then never use again, the cost
  88. 3:24per wear calculation is catastrophic.
  89. 3:27This is not a wardrobe investment. It is
  90. 3:29a display object, and display objects
  91. 3:31belong in museums, not on your credit
  92. 3:34card statement. So, we've seen poor
  93. 3:36security and poor space. [music]
  94. 3:38Now, let's talk about the Victoria 35
  95. 3:40tote, where size and weight become the
  96. 3:42real issue.
  97. 3:43On paper, the Victoria should be the
  98. 3:45perfect Hermes everyday bag. It is a
  99. 3:48tote. It is large. It holds a lot. It
  100. 3:51has the brand [music] name on it. In
  101. 3:53practice, it will destroy your shoulder.
  102. 3:55The Victoria 35 in Clemence leather, the
  103. 3:58most common configuration, is among the
  104. 4:00heaviest bags in the entire Hermes
  105. 4:02lineup. One owner put it this way. She
  106. 4:06used the bag once for a day out, came
  107. 4:08home with a shoulder so painful, she
  108. 4:10listed the bag for resale the following
  109. 4:12morning.
  110. 4:13The handle drop of 9 in is the
  111. 4:15additional problem. Long enough to
  112. 4:17technically sit on your shoulder, not
  113. 4:19long enough to sit there comfortably.
  114. 4:21You will spend the day hitching it up,
  115. 4:23adjusting, compensating, and the weight
  116. 4:25problem compounds over time, not just
  117. 4:27over a single day. Chronic shoulder
  118. 4:30strain from an ill-balanced bag is a
  119. 4:32real documented issue, and spending
  120. 4:34$5,000 to acquire it is a particular
  121. 4:37kind of irony that the resale listing
  122. 4:39you write 3 weeks later will not
  123. 4:41capture. The resale numbers confirm
  124. 4:44this.
  125. 4:45The Victoria [music] sits below the
  126. 4:46resale performance of Hermes quota bags,
  127. 4:49the Birkin and Kelly, by a significant
  128. 4:52margin. You are paying premium Hermes
  129. 4:54prices for a bag that the secondary
  130. 4:57market does not reward, and your body
  131. 4:59will punish you for carrying. Now,
  132. 5:00here's where things shift, because the
  133. 5:03Kelly 25 Sellier in Box leather looks
  134. 5:05flawless, but comes with hidden
  135. 5:07problems. The Kelly 25 Sellier in Box
  136. 5:11leather is perhaps the single most
  137. 5:13visually stunning [music] bag on this
  138. 5:14list. It photographs immaculately. It
  139. 5:18has appeared on the wrist of every
  140. 5:19well-dressed woman you have ever admired
  141. 5:21in an archival image. It is
  142. 5:24aesthetically close to perfect. It is
  143. 5:26also practically close to unwearable.
  144. 5:30Box leather is the most demanding
  145. 5:32leather in the Hermes catalog. It
  146. 5:34scratches if you look at it incorrectly,
  147. 5:36requires continuous professional
  148. 5:37conditioning, [music] and develops a
  149. 5:39patina that some people love, and some
  150. 5:41people find difficult to manage. But the
  151. 5:44leather is not even the main problem.
  152. 5:46The Sellier construction is. The Kelly
  153. 5:4925 Sellier is structured so rigidly that
  154. 5:52multiple owners on PurseForum have
  155. 5:54described using it as actively annoying.
  156. 5:56[music]
  157. 5:57One wrote that after 2 months of
  158. 5:59ownership, she had opened the bag
  159. 6:01exactly twice.
  160. 6:03The turn lock closure that looks so
  161. 6:04elegant in photographs requires two
  162. 6:07hands and a specific motion to operate
  163. 6:10every single time you want to reach for
  164. 6:12anything.
  165. 6:1325 cm is also, for most women living
  166. 6:16real lives, too small.
  167. 6:18You will spend money on a bag you cannot
  168. 6:21use, cannot open easily, cannot maintain
  169. 6:24casually, and that your lifestyle will
  170. 6:26not accommodate. The closet is where
  171. 6:28this bag lives. The closet is not worth
  172. 6:32$10,000.
  173. 6:34Before we get to number one, everything
  174. 6:36on this list so far cost you money,
  175. 6:38comfort, or both. What follows costs you
  176. 6:42all of that and potentially more.
  177. 6:44This is the entry that separates the
  178. 6:46people who understand the Hermes market
  179. 6:48from the people the Hermes market is
  180. 6:50designed to exploit. This is not a bag
  181. 6:53purchase. This is a liability
  182. 6:55acquisition. The appeal is
  183. 6:56understandable. An exotic leather Birkin
  184. 6:59represents the absolute ceiling [music]
  185. 7:01of the Hermes hierarchy. The waiting
  186. 7:03lists are longer. The craftsmanship is
  187. 7:06extraordinary. The status signal is
  188. 7:09unambiguous.
  189. 7:10But the reality of owning one of these
  190. 7:12bags is something that nobody in the
  191. 7:14ecosystem tells you before you buy. A
  192. 7:17basic spa refresh on an exotic leather
  193. 7:19bag, no damage, just routine
  194. 7:22maintenance, costs over $1,000.
  195. 7:25A full restoration runs between $3,000
  196. 7:29and [music] $8,000.
  197. 7:31Crocodile and alligator scales crack and
  198. 7:33split in low humidity. Standard leather
  199. 7:36care products will destroy the skin. The
  200. 7:38bag cannot be taken through certain
  201. 7:40international customs without CITES
  202. 7:42[music] documentation proving legal
  203. 7:44acquisition.
  204. 7:45PETA has documented conditions at Hermès
  205. 7:48supplier farms that create ongoing
  206. 7:50reputational risk for visible wearers.
  207. 7:53And it takes three to four crocodiles to
  208. 7:55produce a single bag. The secondary
  209. 7:57market for exotics can be spectacular,
  210. 8:00but only for the rarest color and size
  211. 8:02combinations in perfect condition. An
  212. 8:04exotic bag with any maintenance history
  213. 8:07or color fading loses value
  214. 8:09dramatically.
  215. 8:10You are not buying an investment. You
  216. 8:12are buying an object that demands expert
  217. 8:14care, restricts your international
  218. 8:16travel, and carries ethical exposure
  219. 8:18that grows more visible every year. This
  220. 8:21is a bag for institutions to hold behind
  221. 8:24glass. Not for people who want to
  222. 8:26actually use what they buy. Now, here's
  223. 8:28what smart Hermès buying looks like, and
  224. 8:31it starts with the [music] Garden Party
  225. 8:3330.
  226. 8:34Smart buyers aren't chasing hype.
  227. 8:36They're investing in timeless Hermès
  228. 8:38pieces with lasting appeal and everyday
  229. 8:40versatility. The Garden Party is the
  230. 8:43best entry into Hermès ownership for one
  231. 8:46simple reason. There are no quota rules,
  232. 8:49no relationship requirements, no waiting
  233. 8:51list, no allocation games. You walk in,
  234. 8:55you buy it, you leave. The toile canvas
  235. 8:57with leather trim construction is
  236. 8:59genuinely indestructible.
  237. 9:0120-year-old Garden Parties come up on
  238. 9:03the resale market looking flawless. The
  239. 9:0630-cm size is wide enough for a laptop,
  240. 9:09structured enough for a work
  241. 9:10environment, and understated enough that
  242. 9:13it functions as quiet luxury in its
  243. 9:15truest form. Not everyone in the room
  244. 9:17will know what it is, which is frankly
  245. 9:20part of the appeal.
  246. 9:21At $2,800,
  247. 9:23it is the most accessible Hermès bag
  248. 9:25that holds its value, ages without
  249. 9:28drama, and earns its price through daily
  250. 9:30use rather than aspirational display.
  251. 9:33Compare that directly to to Evelyne.
  252. 9:36Same entry-level positioning, similar
  253. 9:38price range, but the Garden Party gives
  254. 9:40you a closure that works, a silhouette
  255. 9:43that holds up, and resale numbers that
  256. 9:45do [music] not punish you for buying it.
  257. 9:48If you are entering Hermes for the first
  258. 9:50time, start here. If that's what a smart
  259. 9:52entry looks like, the Picotin Lock 18 is
  260. 9:55next, and it proves you can still win at
  261. 9:57this level.
  262. 9:59The Picotin is one of the most
  263. 10:00underestimated bags in the Hermes
  264. 10:02lineup, and the resale market has
  265. 10:04figured this out faster than most buyers
  266. 10:06have. Inspired by a horse feeding
  267. 10:09bucket, because of course it is, this is
  268. 10:11Hermes. The Picotin Lock 18 is a
  269. 10:14no-nonsense drawstring style
  270. 10:18closure, and the kind of structure that
  271. 10:20holds up without coddling. It is made
  272. 10:23from the same leathers as the quota
  273. 10:25bags. The construction is the same level
  274. 10:27of craftsmanship, and in neutral
  275. 10:29colorways,
  276. 10:31the 18 cm sells above retail on
  277. 10:33Fashionphile and The RealReal
  278. 10:35consistently. Below $4,000,
  279. 10:38above retail on resale. That combination
  280. 10:42does not happen often in the luxury
  281. 10:43market. The Picotin Lock is an anomaly
  282. 10:46in the best possible sense. It is also
  283. 10:49the answer to a question a lot of
  284. 10:50first-time Hermes buyers ask themselves
  285. 10:52after the Evelyne disappointment.
  286. 10:55>> [music]
  287. 10:55>> Is there an entry-level bag from this
  288. 10:57house that actually delivers? Yes, this
  289. 10:59is it. Under $4,000, no games, no
  290. 11:03waiting [music] lists, above retail on
  291. 11:05exit. Now we step into more serious
  292. 11:07territory with the Constance 24, where
  293. 11:10versatility and craftsmanship really
  294. 11:12come together. The Constance is the best
  295. 11:14kept secret in the Hermes holy trinity.
  296. 11:17Most people outside the community focus
  297. 11:19on the Birkin and Kelly, and overlook
  298. 11:21the third member entirely. That is an
  299. 11:24error because the Constance is arguably
  300. 11:26the most versatile of the three. Jackie
  301. 11:29Kennedy wore one. The iconic H-class
  302. 11:31closure is one of the most elegant
  303. 11:33pieces of hardware in fashion. And the
  304. 11:36Constance is one of the few Hermes bags
  305. 11:39that works equally well as a crossbody
  306. 11:41for a casual lunch
  307. 11:42>> [music]
  308. 11:42>> or a clutched evening bag at a black tie
  309. 11:44event. The versatility that the Yige
  310. 11:47promised and failed to deliver at a
  311. 11:49fraction of the frustration.
  312. 11:52Epsom leather, the house's most
  313. 11:53structured and durable leather, is
  314. 11:56scratch-resistant, lightweight, [music]
  315. 11:57and holds its form without any internal
  316. 11:59support.
  317. 12:01Every Constance is made by a single
  318. 12:03craftsperson over 14 hours.
  319. 12:06Resale values are climbing steadily as
  320. 12:08more buyers discover what serious
  321. 12:10collectors have known for decades. This
  322. 12:12is the bag for the person who wants the
  323. 12:14investment performance of the holy
  324. 12:16trinity without the cultural saturation
  325. 12:18of the Birkin. And now, let's talk about
  326. 12:20the Kelly 28 Retourne. The version of
  327. 12:23the Kelly that actually works in real
  328. 12:26life.
  329. 12:27If the Kelly 25 Sellier is the bag that
  330. 12:29looks best in photographs and functions
  331. 12:31worse in real life, the Kelly 28
  332. 12:33Retourne is the exact opposite. And that
  333. 12:36is a compliment. The Retourne
  334. 12:38construction uses the same template as
  335. 12:40the Sellier, but with a softer, more
  336. 12:42relaxed silhouette. [music]
  337. 12:44Togo leather is virtually scratch-proof
  338. 12:46in daily use. And the 28 cm size is the
  339. 12:49calibration point the Kelly range was
  340. 12:51built around. Generous enough for a full
  341. 12:53day, contained enough for a dinner.
  342. 12:56This is the bag that genuinely crosses
  343. 12:58every occasion without compromise.
  344. 13:01Kellys in classic colorways, black,
  345. 13:03etoupe, gold, in the 28 cm Retourne have
  346. 13:06risen 20 to 40% in value over the past 5
  347. 13:09years on the resale market. The demand
  348. 13:12is consistent, the supply is controlled,
  349. 13:14and the bag rewards use rather than
  350. 13:16punishing it. If you are going to spend
  351. 13:19Kelly money, this is the Kelly to spend
  352. 13:21it on. Finally, we end with the Birkin
  353. 13:2330, the bag that defines Hermes and the
  354. 13:26entire luxury investment space. Between
  355. 13:291980 and 2015, Birkin bags appreciated
  356. 13:33at an average rate of 14.2% per year.
  357. 13:36The S&P 500 returned 8.7% over the same
  358. 13:41period. Gold lost 1.5%. [music]
  359. 13:44No financial asset class performed
  360. 13:46comparably. That is not a talking point.
  361. 13:49That is a documented return.
  362. 13:52In perfect condition, a Birkin 30 in a
  363. 13:54classic colorway recovers 80 to 120% of
  364. 13:58retail on the secondary market as a
  365. 14:00floor.
  366. 14:01Rare configurations, limited colors,
  367. 14:04specific hardware, sought-after
  368. 14:06leathers, routinely trade at 300% of
  369. 14:08retail and above. But the investment
  370. 14:11case is almost secondary to the
  371. 14:12functional one. The Birkin 30 is the
  372. 14:15right size. Large enough to carry
  373. 14:18everything you actually need. Structured
  374. 14:20enough to hold its shape under daily
  375. 14:22use.
  376. 14:23Togo and Clemence leathers are among the
  377. 14:25most forgiving in the Hermes range.
  378. 14:27Scratch resistant, rain tolerant, and
  379. 14:30low maintenance by the standards [music]
  380. 14:32of the house. Where the Victoria 35
  381. 14:35breaks your shoulder and the exotic
  382. 14:37demands a preservation protocol, the
  383. 14:39Birkin 30 in Togo simply works every day
  384. 14:43without drama. This is not just the best
  385. 14:45bag Hermes makes. It is one of the best
  386. 14:47stores of value in the consumer luxury
  387. 14:49market, full stop. The people who bought
  388. 14:52Birkins 20 years ago and held them did
  389. 14:54not just preserve wealth, they grew it.
  390. 14:57Which bag on either list surprised you
  391. 14:59most and which bag have you been eyeing
  392. 15:01that you are now reconsidering? Tell me
  393. 15:03in the comments.

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