The best Hermès bags to invest in — Birkin, Kelly and Constance — and the sizes, leathers and colours that hold and grow their value.
Few objects have earned a reputation as investments the way Hermès bags have. Studies have repeatedly placed the Birkin ahead of gold and, over some periods, the stock market. But not every Hermès bag appreciates equally — here are the ones that hold and grow their value, and the specifications to look for.
1. The Birkin
The blue-chip of handbags. A neutral Birkin 25 or 30 in Togo or Epsom, full set and pristine, is the most liquid store of value in the category. Scarcity is structural, so demand rarely softens.
2. The Kelly
Elegant, storied and increasingly collected. The Sellier construction and smaller sizes (25, 28) in neutral colours are especially sought-after, and the Kelly has never been openly discounted by the house.
3. The Constance
The 18 and 24 in neutral leathers with gold hardware have a devoted following and strong resale, helped by their versatility and comparative rarity.
What actually drives Hermès value
- Neutral, ‘quiet’ colours (Noir, Étoupe, Gold) are the safest stores of value.
- Smaller sizes (25/28) are in the highest demand.
- Togo and Epsom for everyday grails; exotics for the top of the market.
- Full set and pristine condition matter enormously at resale.
Every Hermès piece we place is authenticated and offered complete. If you are buying to hold, tell us the specification and we will source the version the market always wants back. See the current Hermès collection.
Frequently asked questions
Do Hermès bags hold their value?
The most sought-after Hermès bags — the Birkin, Kelly and Constance in neutral colours and classic leathers — have historically held and grown their value, often outperforming gold over the past decade. Condition, size and completeness strongly affect resale.
Which Hermès bag is the best investment?
The Birkin is the benchmark, particularly a neutral 25 or 30 in Togo or Epsom with a full set. The Kelly and Constance in neutral specifications are also strong, appreciating pieces.
Is a Birkin a better investment than the stock market?
Over certain periods the Birkin has reportedly outpaced both gold and the stock market, but figures are indicative and past performance is not a guarantee. It should be seen as a durable store of value, not financial advice.