Decline in Hermès Birkin Scarcity and Resale Traders' Profits

Reports indicate that the famous Hermès Birkin bag is losing some of its scarcity and appeal. The reports said that resale trader Kay Bachoon had been making large profits by selling them for more than double their original price, but he stopped stockpiling them as secondary market prices fell.

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• The original price of the bag, as reported in the coverage, is $10,000.

  «يحقق أرباحًا كبيرة من إعادة بيع حقائب بيركين بأكثر من ضعف سعرها الأصلي البالغ 10 آلاف دولار»

  Reuters • BNN Bloomberg
• Kay Bachoon is based in London and resells Hermès Birkin bags.

  «London-based Cai Baochun used to make a hefty profit reselling Hermes' famed Birkin bags»

  Reuters • BNN Bloomberg
• Kay Bachoon stopped stockpiling bags after resale prices fell in the secondary market.

  «Now he has stopped stockpiling them as second-hand prices»

  Reuters • BNN Bloomberg

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