What if you'd bought a instead of
The Splurge Index compares historical returns of luxury goods — Birkin bags, Rolex watches, rare whisky — against stocks, ETFs, and market indices. Sometimes the bag wins.
~$14k→~$25k
~$185→~$734
The Birkin's appreciation is structural: Hermès deliberately restricts supply, creating a scarcity premium that has historically outpaced broad equity returns. Unlike stocks, it pays no dividend and trades illiquidly — but the waitlist is its own kind of moat.
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The watch that beat the market
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The one that hurts
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Hermès: 1. Treasury: 0.
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Sometimes the nerds win
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Leather over crude
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Gold had the better decade
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