BusinessPhoto: MintHermes Birkin Bags Lose Scarcity Appeal as Resale Prices Drop
Hermes Birkin bags, once prized for their rarity, are seeing a decline in resale prices due to increased second-hand supply. This change challenges the luxury brand's business model, which relies on exclusivity, high demand, and premium resale values. The shift reflects evolving market dynamics post-pandemic, affecting the bags' reputation and resale market.
Mint·


