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Fashion Photo Session In Paris - November 2024
A real Hermès Birkin bag (Edward Berthelot/Getty Images)

Walmès: TikTok’s big Birkin dupe debate

Should bags be used to store value or just stuff?

Jamie Wilde

An “affordable Birkin” used to be an oxymoron, but a knock-off of the ultra-expensive purse has made its way onto Walmart’s shelves and TikTok feeds. Walmart’s sold out “Kamugo” tote costs $78 to $102 depending on its size, undercutting Hermès’ iconic Birkin by thousands of dollars. 

The copycat bag caught TikTok’s attention not just because it’s a solid dupe made of real leather. The bag’s affordability also has TikTokers questioning the ethics of ultra-expensive bags — and debating whether Hermès has taken exclusivity too far. 

One TikToker called Birkin bags a “display of wealth” and a “class status symbol,” arguing that the bag’s namesake Jane Birkin only had one Birkin bag that she wore “to the ground.” In other words, these TikTokers don’t think bags should be so expensive that people collect and display them instead of actually using them. 

US District Court Judge Jennifer Rochon recently agreed that bags are meant to be used in her ruling against Coach and Kate Spade parent Tapestry’s proposed acquisition of Versace and Michael Kors parent Capri Holdings.

Rochon said, “Downplaying the importance of handbags as nonessential discretionary items that consumers can simply choose not to buy if the price is too high ignores that handbags are important to many women, not only to express themselves through fashion but to aid in their daily lives.” Rochon said that people need and use bags to carry items for work, personal hygiene, and kids.

But for many, Birkins aren’t used to carry anything. Instead, they’re a store of value — an investment thats kept locked up in a temperature-controlled closet. There’s a reason for that: one study found that the average Birkin’s price rises 16% annually, 6% more than the S&P 500’s historical average. 

Other bag makers are following Birkin’s example by building up the prices of their most popular purses. LVMH-owned Louis Vuitton came out with a $1 million made-to-order duffel, and Chanel has nearly doubled the price of its classic flap bag in four years.

Meanwhile, Birkin customers renewed an antitrust lawsuit related to Hermès’ exclusive selling practices, alleging the company only sells Birkins to customers that have spent gobs of money on other Hermès products.

So while consumers are building up affordable, accessible dupes online, they’re also looking to knock the real items down a notch and force brands to make them a little less exclusive. 

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Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

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