Though designer handbags might not be the first thing that comes to mind when considering how to diversify your portfolio beyond the traditional options of equities, bonds, real estate, and more, they are definitely something to consider. They have now become a more lucrative investment than fine art, vintage automobiles, and even rare whiskies, as reported by Art Market Research (AMR). In fact, the average value of handbags from luxury brands like Hermes, Chanel, and Louis Vuitton has increased by 83% over the past decade. The considered king of fashionable investments, watches, have only climbed in value by 72%, while coins have increased by 21% and first edition books by 42%.
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