India, March 27 -- Designer handbags, especially ones like the Hermes Birkin, have grown in value annually by 14.2% between 1980 and 2015, while the S&P 500 index delivered an average annualised return of just around 10%.

These bags currently retail for about $9,000 and up but can resell for $30,000 or more, depending on their size, colour and condition, CNBC reported.

Such luxury handbags, also from other brands such as Chanel, Goyard and Louis Vuitton have even outperformed some other collectibles in the recent years and are increasingly being seen as a potential investment category.

Even global investment banking giant Credit Suisse had said in a 2022 study that handbags are among the least volatile of collectable assets, offer a go...