While there may be handbags being an investment like some Hermes and the Chanel 2.55, most bags serve a carrying purpose only. Exotics are especially bad in economical terms as they loose half their value when you leave the store. While I usually put quite some consideration into what my hard earned money is used for, I do occasionally do bad purchases. At least I thought so about this clutch for many, many years.
Vernon Bruce Hoeksema, the former lover of Valentino Garavani and VP of his company do make intriguing bags of extremely high quality under his own name. He is also an excellent salesman so when he offered me a one-off back in 2007 at a discount I said yes. An orange crocodile clutch in avant garde design with an all metal flap and middle aged is not a good match unless you are on acid so it has never been out of the box.
Sunk cost, then? Not at all, it is an investment in the Warren Buffet league. While Hoeksema used 925 silver as metal hardware on this design he used pure palladium for the one-off. Palladium being heavier than silver this is a heavy bag to carry for an evening out. I do not know exactly the weight of the hardware, but the bag weight in at 625 gram so I guess the palladium is about 400 gram. Today palladium is $75 per gram having increased 8 times since my purchase.
View attachment 5393185