Handbags were the hottest investment for the rich last year
Hermes Birkin bags
Mehdi Fedouach | AFP | Getty Images
The artist Jean-Michel Basquiat has nothing on the Birkin bag.
Handbags were a far better investment last year than art, according to according to a new report. While art had an overall return of 5% in 2019, handbags clocked in a 13% gain, making it the number one collectible investment for the year, according to the Knight Frank…