Pejman Ghadimi

And they don't have to be expensive. In the last, like, maybe two, three years, we've seen cars that were 100K go up to 250, 300 because they're becoming collectible and they're older and there's less of them on the market. Or suddenly a celebrity ends up buying a more vintage Ferrari. A lot of people are like, oh, that is a collectible car we never looked at. And there's only 10 left.

They quickly get off the market. Now they come back at double the price.

They quickly get off the market. Now they come back at double the price.

And the same articles were there about watches in 2020, 2021 and 2022. So that's a marketing strategy, but yeah.

And the same articles were there about watches in 2020, 2021 and 2022. So that's a marketing strategy, but yeah.

Okay. So it's very true that the right handbags and particularly Hermes bags from the Kelly and the Birkin, not all sizes, but the majority of the smaller ones from 28 and down will typically be worth more than MSRP brand new. As soon as you buy them, usually two to three X, depending on the color, the leather and the styles.

Okay. So it's very true that the right handbags and particularly Hermes bags from the Kelly and the Birkin, not all sizes, but the majority of the smaller ones from 28 and down will typically be worth more than MSRP brand new. As soon as you buy them, usually two to three X, depending on the color, the leather and the styles.

And it's very true that with the price increases of luxuries, so like you've seen this over regarding tariffs, you've seen this over the last like three years because of the COVID and supply chain issues, you notice that generally speaking, like manufacturers will raise their prices because the cost of goods go up.

And it's very true that with the price increases of luxuries, so like you've seen this over regarding tariffs, you've seen this over the last like three years because of the COVID and supply chain issues, you notice that generally speaking, like manufacturers will raise their prices because the cost of goods go up.

Well, that stabilizes the used market to basically not move or also move up with it. So if you had a bag that was two times MSRP, meaning that brand new came out for 14,000, but used was maybe 28,000 on top of that in profit, right? So it was basically selling for like 30 to 40 grand, right?

Well, that stabilizes the used market to basically not move or also move up with it. So if you had a bag that was two times MSRP, meaning that brand new came out for 14,000, but used was maybe 28,000 on top of that in profit, right? So it was basically selling for like 30 to 40 grand, right?

that bag, if the price increase of the bag goes from 14 to 16, will not go instead of being 30 to 40, will go like 33 to 43, you know, so it'll move up over time. So the cost of entry gets more expensive. And it's it's very true because bags are another asset class that hasn't depreciated over the last 10, 15 years.

that bag, if the price increase of the bag goes from 14 to 16, will not go instead of being 30 to 40, will go like 33 to 43, you know, so it'll move up over time. So the cost of entry gets more expensive. And it's it's very true because bags are another asset class that hasn't depreciated over the last 10, 15 years.

But Hermes bags have gained popularity, but even pre-popularity were so scarce in certain colors that they end up being worth a lot of money on the secondary markets. Now, if you don't have the access to the list that Hermes to get a bag, you can still buy used bags at the right... Like they're used, but like brand new, meaning they're new in box, but they're not sold at the store.

But Hermes bags have gained popularity, but even pre-popularity were so scarce in certain colors that they end up being worth a lot of money on the secondary markets. Now, if you don't have the access to the list that Hermes to get a bag, you can still buy used bags at the right... Like they're used, but like brand new, meaning they're new in box, but they're not sold at the store.

That's what I mean by used. And you can still make those bags literally like turn into a profit center by wearing them for free for... Three four or five years and maybe making five six grand at the time of sale And we teach that in one of our courses to called secure the handbag secure the handbag.

That's what I mean by used. And you can still make those bags literally like turn into a profit center by wearing them for free for... Three four or five years and maybe making five six grand at the time of sale And we teach that in one of our courses to called secure the handbag secure the handbag.

That's great Yeah, we have courses on the cars watches Art and handbags as well as real estate So we we basically teach people how to take any of the expenses that their lives required them to have In the luxury segment and turn them into a money-making opportunity instead.

That's great Yeah, we have courses on the cars watches Art and handbags as well as real estate So we we basically teach people how to take any of the expenses that their lives required them to have In the luxury segment and turn them into a money-making opportunity instead.

So that gets a little bit trickier. So art and wine are a very acquired taste, and it's a very specific type of segment that's very hard to transact in. Actually, you're a case study in one of my courses, too, for the card market. You know, because you do the all the cards. Yeah, exactly. So cards.