"The resale value of Hermès depends on the style, type of leather, and hardware," Dang shares. "The power behind the Hermès brand is due to their limited quantities. This creates an

unparalleled level of scarcity and exclusivity other brands have yet to achieve. While there's no such thing as an Hermès waiting list, there is a certain waiting period for your dream Birkin or Kelly—depending on your relationship with your Hermès salesperson, the amount spent at Hermès over some time, and pure luck.

"The Birkin specifically is the most sought-after handbag of all. On the arms of celebrities including Victoria Beckham, Alessandra Ambrosio, Kate Moss, and the entire Kardashian-Jenner clan, this bag has exponentially increased in popularity. The fervor for Birkins transcends both retail and resale—LePrix stylists are constantly searching for Birkins through our consignment boutique partners for our customers. Birkin bag retail prices range from $9000 to $150,000 and can see resale prices up to $223,000.

"Most Birkins retain or increase in value, again depending on leather, hardware, and demand. If you happen to score the exclusive, highly sought-after black Birkin with gold hardware or otherwise known amongst the fashion tribe as 'the holy grail,' this bag will pay you back in spades."