Luxury handbags are the best ‘investment of passion,’ bringing better returns than fine art, classic cars, and even rare whiskey

A new report by Art Market Research proves that luxury handbags are the best-performing investment class.
The luxury handbag category is currently out-performing classic cars, rare whisky, and even art in terms of investment value.
The report also found that women are the main drivers of this category. 
Visit Business Insider’s homepage for more stories.

Anyone who’s bought a Birkin will tell you that it’s an investment. But, up until now, there’s been little hard data to back up that claim. Fortunately for bag lovers, a new report from Art Market Research (AMR) proves that the very thing designed to hold your money can actually make you more of it.

The burgeoning category of collectible luxury handbags outperformed art, classic cars and even rare whiskey to claim number one position as an “investment of passion” this year.See the rest of the story at Business Insider

NOW WATCH: We tested a machine that brews beer at the push of a button

See Also:

An exclusive Montenegro resort island was an influencer obsession last summer — and it just reopened amid the pandemic. Take a look inside.A remote Wyoming ranch’s award-winning spa resort is offering buyout packages for as much as $175,000 a week. Take a look inside the luxurious retreat.Rafael Nadal just had a custom 80-foot yacht delivered to him at home in Mallorca. Take a look inside the tennis pro’s sleek new catamaran.

SEE ALSO: You can now buy ‘stock’ in a rare $52,500 Hermès Birkin bag, thanks to an online investing app — here’s how it works

DON’T MISS: A millennial entrepreneur who runs a high-end watch retailer explains why now is the time to invest in watches — and which timepieces are the most valuable

To discover more visit: feedproxy.google.com