The “Holy Grail” of handbags, Hermès Birkin and Kelly bags, have long outperformed the S&P 500. As we move into 2026, the secondary market for these icons remains incredibly strong, driven by the brand’s continued scarcity tactics and price increases.
What Drives Loan Value in 2026?
- Condition is Key: “Boutique fresh” examples with full sets (box, dustbag, raincoat, receipt) command the highest premiums.
- Size Matters: The trend toward smaller bags continues. The Birkin 25 and Kelly 25 are currently seeing higher demand—and higher loan values—than their larger 35cm counterparts.
- Exotics: Crocodile and alligator skins, particularly in matte finishes (like the Himalaya), remain the ultimate asset class within the handbag market.
At New York Loan Company, we treat luxury handbags with the same reverence as fine jewelry. If you have a collection of “quota bags” sitting in your closet, you are sitting on significant untapped capital.
