Hello and welcome to the luxury episode of Slate Money Swag, our mini season where we talk about silver, wine, aren't golden, all manner of

asset classes, which don't have cash flows, but can still rise in value. Today, I'm quite

excited that we're going to finally talk about luxury goods. We can talk about handbags and watches

and sneakers and sneakers

and all those things where people are like, you know, those things can be an investment.

And I am joined by Max Bittner. Hi, Max.

Thank you very much for having me.

You are the CEO of Vestrier Collective. Is that right?

Correct.

This is a platform. We will talk about this in a minute where people can buy and sell such things.

And we are going to talk about how much you really need to spend in order to have an investment-grade handbag.

Spoiler alert, it's actually lower than the amount you need to spend to have an investment

great work of art. So that's exciting if you want to get into the handbag market. All that

coming up on slate money swag. So Max, so far on this show, we have talked about gold. We have

talked about Bitcoin. We have talked about art. All of these things are things that on some level people think of as an investment. And you're here and you're going to talk to me about luxury goods. And I always historically have thought of luxury goods as consumption goods. If you have too much money, one of the signs that you

have too much money is you go out and spend thousands of dollars on objects just because you can.

And you have a company called Vessier Collective. And I guess one of the ideas there is that

if you consume goods by going out and buying them,

that you haven't completely just set your money on fire.

Yes.

So explain that to me and explain the idea of the mechanism by which luxury goods

and things that I buy in stores can in some way retain their value. Sure. So I think just

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