Mini Hermès Kelly Handbag Could Fetch $200,000 at Auction - Kanebridge News
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Mini Hermès Kelly Handbag Could Fetch $200,000 at Auction

Wed, Dec 6, 2023 9:30amGrey Clock 2 min

A collection of “rare and exceptional” handbags—from the likes of Hermès, Chanel, and Louis Vuitton—is on offer from Christie’s, in an auction ending Dec. 12.

The sale also “includes a selection of costume jewellery from Chanel—the collection spans a range of generations with lots coming from the modern era of Karl Lagerfeld, dating back to iconic original designs created by Coco Chanel herself,” Christie’s said in a statement. “This fantastic section is being sold without reserve.”

The star of the show is a mini Hermès Kelly bag made from sterling silver and dating to the 1990s, according to the auction house. The bag features “a charming miniature version of the signature Cadena lock,” in addition to its “iconic silhouette,” the catalog said. Available at auction for the first time in seven years, the bag is estimated to fetch between US$100,000-US$200,000.

A mini Hermès Kelly bag made from sterling silver and dating to the 1990s could fetch as much as US200,000.
Christie’s Images

The “sterling silver Kelly [is] one of the rarest pieces ever created by Hermès and now available at auction for the first time in seven years,” according to a statement from Christie’s.

Two limited-edition Bolide bags, also from Hermès, are part of the sale. Inspired by automobile travel, these bags—created 100 years after the original—feature tiny wheels for a touch of whimsy, plus hardware made from Palladium. One example is bleu saphir epsom leather with orange wheels, while the other is gold with yellow wheels.

The classic handbag represents “the imagination and innovation that Hermès is known for,” the catalog said. “Its silhouette was made to seamlessly fit inside the trunk of a car and its zipper, the first to ever be featured on a handbag, allowed for elegant ease of access while traveling.”

“There are also several men’s handbags included in the sale, such as “The Rock” HAC Birkin by Hermès, which has an estimate of US$40,000 to US$50,000 and is on offer for the first time from Christie’s. “This is the first Birkin bag specifically crafted for men and inspired by the supple appeal of leather jackets,” according to the auction house.

The sale also an acrylic and crystal ice-cube clutch with silver hardware that was part of a fall 2010 Chanel runway show with an estimate of US$6,000 to US$8,000; a limited-edition yellow and black monogram leather pumpkin bag by Louis Vuitton with Yayoi Kusama that could fetch up to US$15,000; and a Louis Vuitton trunk, circa 1890, that is estimated to sell for between US$10,000 to US$15,000.

Handbags have had a banner year, with 2023 sales reaching a total of HK$154 million (US$20 million) in sales so far this year—a record in the handbags and accessories category, according to Christie’s. The record was broken at a November auction in Hong Kong, where the company sold nearly HK$55 million (US$7 million) in rare and designer handbags.


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These stocks are getting hit for a reason. Instead, focus on stocks that show ‘relative strength.’ Here’s how.

Wed, Jun 12, 2024 4 min

A lot of investors get stock-picking wrong before they even get started: Instead of targeting the top-performing stocks in the market, they focus on the laggards—widely known companies that look as if they are on sale after a period of stock-price weakness.

But these weak performers usually are going down for good reasons, such as for deteriorating sales and earnings, market-share losses or mutual-fund managers who are unwinding positions.

Decades of Investor’s Business Daily research shows these aren’t the stocks that tend to become stock-market leaders. The stocks that reward investors with handsome gains for months or years are more often  already  the strongest price performers, usually because of outstanding earnings and sales growth and increasing fund ownership.

Of course, many investors already chase performance and pour money into winning stocks. So how can a discerning investor find the winning stocks that have more room to run?

Enter “relative strength”—the notion that strength begets more strength. Relative strength measures stocks’ recent performance relative to the overall market. Investing in stocks with high relative strength means going with the winners, rather than picking stocks in hopes of a rebound. Why bet on a last-place team when you can wager on the leader?

One of the easiest ways to identify the strongest price performers is with IBD’s Relative Strength Rating. Ranked on a scale of 1-99, a stock with an RS rating of 99 has outperformed 99% of all stocks based on 12-month price performance.

How to use the metric

To capitalise on relative strength, an investor’s search should be focused on stocks with RS ratings of at least 80.

But beware: While the goal is to buy stocks that are performing better than the overall market, stocks with the highest RS ratings aren’t  always  the best to buy. No doubt, some stocks extend rallies for years. But others will be too far into their price run-up and ready to start a longer-term price decline.

Thus, there is a limit to chasing performance. To avoid this pitfall, investors should focus on stocks that have strong relative strength but have seen a moderate price decline and are just coming out of weeks or months of trading within a limited range. This range will vary by stock, but IBD research shows that most good trading patterns can show declines of up to one-third.

Here, a relative strength line on a chart may be helpful for confirming an RS rating’s buy signal. Offered on some stock-charting tools, including IBD’s, the line is a way to visualise relative strength by comparing a stock’s price performance relative to the movement of the S&P 500 or other benchmark.

When the line is sloping upward, it means the stock is outperforming the benchmark. When it is sloping downward, the stock is lagging behind the benchmark. One reason the RS line is helpful is that the line can rise even when a stock price is falling, meaning its value is falling at a slower pace than the benchmark.

A case study

The value of relative strength could be seen in Google parent Alphabet in January 2020, when its RS rating was 89 before it started a 10-month run when the stock rose 64%. Meta Platforms ’ RS rating was 96 before the Facebook parent hit new highs in March 2023 and ran up 65% in four months. Abercrombie & Fitch , one of 2023’s best-performing stocks, had a 94 rating before it soared 342% in nine months starting in June 2023.

Those stocks weren’t flukes. In a study of the biggest stock-market winners from the early 1950s through 2008, the average RS rating of the best performers before they began their major price runs was 87.

To see relative strength in action, consider Nvidia . The chip stock was an established leader, having shot up 365% from its October 2022 low to its high of $504.48 in late August 2023.

But then it spent the next four months rangebound—giving up some ground, then gaining some back. Through this period, shares held between $392.30 and the August peak, declining no more than 22% from top to bottom.

On Jan. 8, Nvidia broke out of its trading range to new highs. The previous session, Nvidia’s RS rating was 97. And that week, the stock’s relative strength line hit new highs. The catalyst: Investors cheered the company’s update on its latest advancements in artificial intelligence.

Nvidia then rose 16% on Feb. 22 after the company said earnings for the January-ended quarter soared 486% year over year to $5.16 a share. Revenue more than tripled to $22.1 billion. It also significantly raised its earnings and revenue guidance for the quarter that was to end in April. In all, Nvidia climbed 89% from Jan. 5 to its March 7 close.

And the stock has continued to run up, surging past $1,000 a share in late May after the company exceeded that guidance for the April-ended quarter and delivered record revenue of $26 billion and record net profit of $14.88 billion.

Ken Shreve  is a senior markets writer at Investor’s Business Daily. Follow him on X  @IBD_KShreve  for more stock-market analysis and insights, or contact him at .