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craftsmanship, few handbags rival the Herm Birkin. Kim Kardashian, Bethenny Frankel Lady Gaga, Victoria Beckham and Naomi Campbell are just a handful of the celebrities who have been spotted with them. And Cate Blanchett toted one throughout Woody Allen's latest movie, "Blue Jasmine," in the role of Jasmine Francis, who moved from wealthy Manhattan socialite to destitute mental wreck after her husband's Ponzi scheme was exposed.That bag was supplied by the manufacturer part of a stash of loaners it circulates to advertisers and movie makers. But in real life the Birkin is in such hot demand that Dallas based Heritage Auctions is offering 78 of them, more than a third in pristine condition, at its Sept. 23 luxury accessories auction in Beverly Hills."Birkins are the most sought after bag in the world and have been for a long time," says Matthew Rubinger, director, luxury accessories at Heritage. He's profiled in my post, "How One Millennial With A Liberal Arts Degree Landed A Six Figure Job." Therefore they hold their value as a collectible. One of the more valuable Birkins coming up in the latest auction is an electric blue 35cm crocodile with an indigo chevre goat interior and gold hardware in pristine condition. The starting bid is $30,000 and it is expected to fetch $60,000 to $70,000.Most people who pay that much money for a handbag don't intend to use it and even those who think they will are reluctant to once they own it. But these bags are really made to "be worn and carried and loved," Rubinger says. While you're paying for the name, you're also getting superior quality and even if you make the Birkin a workhorse, it's still a good investment. A "carefully used" one typically fetches between 80% and 120% of what the previous owner paid for it. In contrast, a lesser brand handbag in the same condition can be resold for only about 10% of what the original owner spent. "So if you can afford it, you're making a better economic decision to buy a special piece that's going to hold its value."If you buy a pristine Birkin at auction, you pay a premium over what you would pay at an Herm shop, where a bag like the pristine electric blue croc must be special ordered, says Rubinger.