It's Hermes, so anything is possible really. 😂 It is always possible that your SA can offer you a bag sooner than that. But, you may also end up with a ratio of "1.5 or 2 to 1" instead for your next QB, if you reach a 1:1 ratio so soon.
Spend threshold for B/K/C
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It's Hermes, so anything is possible really. 😂 It is always possible that your SA can offer you a bag sooner than that. But, you may also end up with a ratio of "1.5 or 2 to 1" instead for your next QB, if you reach a 1:1 ratio so soon.
Selfishly I'm hoping prespend ratios will soften, because I don't plan to spend as much as I have in the past this year (but who knows, don't hold me to it lol). But I also doubt this will happen as the stock market is still at an all-time high. 🤔
Don’t quote me on this but I think not this year 🤣 esp with the core clients of Hermes
I have wondered about this. Does Hermes do well because they raise prices and people continue to buy at the same rate or is Hermes actually selling more items/acquiring more customers?
Maybe both but it would matter which contributes more. At some point people are going to be priced out. I mean. Once those short leather jackets are $14k or $15k ….
Perhaps this is discussion for another forum but I think price increases contribute most to revenue these days. I think the number of new clients has slowed and the buying rate of current clients too. I have seen a number of influencers stopping their shopping at the brand or saying they just want one or two more bags. The prespend items are quite pricey these days compared to a few years ago. I see scarf lovers say they will buy maybe one or two scarves this year in lieu of 3/4. I feel the same way. Before I felt like if I like it I will buy it but now I am much more selective of what scarves I add. I have to love it and it really needs to be something I’m missing. With bags being a few thousand higher I am curious how that has impacted prespend ratios. 4-5 years ago 2:1 on a b25 would be roughly 20k but now it would be 24-25k. That’s quite a difference. Is the prespend that high now? I wonder. And factor in price of bag. Oof.
Not sure. However when I wrote the post I was thinking of H shareholders not sales
High and higher. 5-10x ish?
These are "relationship bags". If you have a strong client relationship, you can get one; if not, it's going to take a heavy spend. The Picnic in particular is hard right now, because Hermès knows that all the auction houses are asking collectors for Picnics, and that it's a hot bag at resale. (You can always safely assume that Hermès is tracking this stuff, because they are.)
Last time there was a discussion about this, some use 10k as the unit, some use the actual prices. I personally use the actual price.
Even at FSH, I would imagine that one would need a strong relationship and/or be a VIP / high net worth individual or both. Many spend quite a bit; a 2023 post here (ETA: in the Paris thread with the aim towards a MKII or pochette) once stated that they spent 80K eu with no offer. JMO as one could of course get lucky
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More about realtionship factor than prespend
The youtuber "Rui Etc" received a Kelly Pochette in Germany. She had the option between a KP in Etoupe with Gold Hardware and Noir Gold Hardware, opting for the Noir KP. I would gauge and say the relationship factor weighs heavier than spend