Why are the rich buying ridiculously expensive Hermes bags?

 


Are you fuming at the collection? Yeah, me too.

I mean... The cost of these bags could be utilised for better investment right?

WRONG! 


Two hard facts


1. Hermes is an exclusive luxury bag. She can always sell it even higher than the selling price. Hell, Hermes worth has grown to 500% since 2017.

Plus... These rich have businesses that may go bankrupt. Or some corporate espionage may occur and they lose all their assets. Guess what will keep them afloat?

Yup, $2 million worth of Hermes bags

That's also why they also buy ugly artwork for $6 million at auctions. They aren't stupid.


2. It is their money and these luxury items brings them fulfilment (I'd say). Reiterates to them that they can afford it. Vain? But who cares... We only get one life anyways. Another sad detriment of capitalism. The gap between the rich and poor continues to widen. Don't hate the player... Hate the game

So while I may not be comfortable hoarding such items, it's actually intelligent to do so. 

Happy Sunday.

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