He said there are three key determinants of value that can apply to other collectibles: condition, rarity and desirability. So what are Rubinger's tips to buying a luxury handbag as a collectible? In Photos: Pricey Chanel and Hermès Items Auctioned in Beverly Hills We let people compete and it sells for whatever people want it for. There aren't places that let them sell at market price," he said. "There are lots of places for vintage bags. But for luxury accessories, to start at $1 is "groundbreaking," he said. The idea of a weekly auction is not new, as Heritage has hosted them for other categories, like coins and comics. "People get very excited when Tuesday rolls around and we see a spike in website traffic as people close out last week's weekly and see what's in the following auction," Rubinger said. About 75 designer bags start at $1 with no reserve. Last year, Heritage Auctions launched weekly online auctions for luxury bags that start on Tuesday and last for seven days. Rubinger said that of Heritage's 35 categories, such as sports collectibles, they are all dominated by a male customer base, except for luxury accessories. Heritage Auctions recognized the growing popularity of the market and brought on Rubinger three and half years ago to launch the luxury accessories category. As we've hosted these auctions and people see how strong the market is, that has shifted." "They weren't creating a collection with a lasting value or investment in mind. They were shoppers, buyers or 'fans of Chanel,'" said Matt Rubinger, director of luxury accessories for Heritage Auctions.
"Until very recently, people with lots of bags didn't self-identify as collectors.
The Hermès Birkin bag, a line of bags made by the French luxury retailer and inspired by British actress Jane Birkin, has played a major part in attracting bona-fide collectors. But a surge in luxury accessory sales in the secondary market, handbags in particular, have reinforced female dominance in accumulating items like Hermès handbags that can sell for five figures. 23, 2013 — - Many consider collecting a male-dominated hobby, with men dominating categories like stamps, cars and baseball cards.
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