Gucci vs. Hermes

  1. What It's Worth
    Tracking How Luxury Goods Hold Their Value

    September 9, 2006; Page P4
    Can expensive designer handbags sell for more than the original price? We compare a classic from Hermès with a newcomer from Gucci.

    Gucci 85th Anniversary Hobo

    WHAT IT IS: Hobo-style bag that comes in a variety of skins and fabrics, such as crocodile (pictured) and patchwork velvet, with Gucci's signature horse-bit detailing.

    BUZZ: A limited number are being sold July to December, says Gucci. The fashion media has been pushing it as an instant classic.

    CONSTRUCTION: Fabric versions are hand-made in Florence. Fabric is woven on 19th-century wooden looms, which Clare Sauro, a curator at the Fashion Institute of Technology museum in New York, says makes for a tighter weave.

    INVESTMENT OUTLOOK: Moderate. Gucci won't say how many it will make. "If they're making 500 world-wide, that's great" for investors, says Clair Watson, director of couture at auction house Doyle New York. If it's in the thousands, she expects little long-term resale interest. Ina Bernstein, owner of eponymous fashion-resale stores in New York, figures she could sell a used one for 50% to 75% of the original price.

    But Andrew Bolton, Costume Institute curator at New York's Metropolitan Museum of Art, predicts it won't be a collector's item unless it becomes a cultural icon like the Birkin.

    Hermès Birkin

    WHAT IT IS: Large leather shopper in a variety of skins that's designed to be a carryall for working or traveling women.

    BUZZ: Introduced in 1984, reportedly after the Hermès president sat next to British actress Jane Birkin on a plane and offered to design a bag to replace her shabby straw shopper. Has since gained notoriety for being on the arms of Martha Stewart and Lil' Kim during their trials. First bag to have a waiting list. Demand was so strong at the New York store that the wait was five years -- a list that's since closed. Hermès makes about two bags a week -- so only about 100 new bags are released each year.

    CONSTRUCTION: Each Birkin is made from start to finish by a Parisian craftsman, who spends up to 72 hours on one bag. Ms. Sauro says that offers "consistency of quality."

    INVESTMENT OUTLOOK: Very high. At Doyle New York's Couture and Accessories Auction this spring, a tan Togo leather Birkin that cost about $7,400 retail was resold for $16,800 due to intense bidding by two women. These bags have a "remarkable fashion mystique," says Mr. Bolton.

    Write to Cheryl Lu-Lien Tan at
  2. wow!! how amazing is the resell value of a birkin! :nuts:
  3. Hmm I find that Gucci is nowhere near what Hermes holds* even if Gucci made only 100 of a particular bag ... In my world its still Gucci!
  4. I agree Yorelica... I just dont see the comparison.
    Thanks for posting Maxter!
  5. Yes, I also agree with Yorelica. I mean, Gucci?? Compared against Hermes?? No way!
  6. Agreed, Gucci can not compete with Hermès.
  7. Not the same "world"...Hermès is Hermès
  8. no contest. it is like comparing zales to harry winston.
  9. LOL comparison, but very true (no offense to anyone who owns Zales jewelry...)
  10. No way...I love Gucci and it is not Zales by any long shot...shame on you!!!!Gucci is so lovely and stylish...Hermes may be a higher price point but, I think it is a granny purse...Gucci style is young and hot like me...Hermes is not has fun and when I am older I will get one at that point I will be able to afford one...Hermes is too expensive for me right now but, maybe one day..
  11. They both are lovely. It is all personal style and preference.

    Remember, Hermes is made of only the finest components and that makes a big difference. It is also completely made by hand and inspected thoroughly upon completion. It is almost like a lost art.

    Gucci and Hermes are both beautiful and you can't buy a bag thinking about its future have to buy what you love.
  12. It's like comparing apples and oranges- a birkin costs at least 3x as any comparable Gucci, and has, is, and will continue to be a classic. While I do want the two 85th Aniversary duffles, I'd buy them knowing that I'd be lucky to get 50% of what I paid in a year. (And Gucci is not Zales- it's more like Cartier while Hermes is more of a Neil Lane or Harry Winston. A woman who shops at zales is most likely not carrying an authentic Gucci)