Luxury handbags are officially assets

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German model Mandy Bork photographed last month with blue and purple Hermès handbags in Berlin, Germany. Picture: Getty Images
German model Mandy Bork photographed last month with blue and purple Hermès handbags in Berlin, Germany. Picture: Getty Images

BUSINESS

Wealth report details how SA’s superrich spend their cash on luxury accessories and collectibles, including wine, bags, watches and classic cars.

Women were right all along: a handbag is an indispensable asset.

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