July 20, 2025
After knowing the mind-boggling prices for a Birkin bag and "Citizen Kane" sled, only auction economics can explain while they were so high.
After knowing the mind-boggling prices for a Birkin bag and "Citizen Kane" sled, only auction economics can explain while they were so high.
Called superfakes, the handbags that are sold in counterfeit markets are a surprisingly large participant in world trade.
When Hermes combined very high prices with limited availability for its Birkin bags, it not only generated conspicuous consumption but also a problem.