Hello and welcome to the luxury episode of Slate Money Swag, a mini season where we talk

about silver, wine, art, gold, and 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 all those things where people

like you know those things can be an investment and I am joined by Max Bitner. I'm ex

Thank you very much for having me. You are the CEO of Vestier 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 grade 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 Vessieur Collective and I guess one of the ideas there is that if you consume

goods by going out and buying them that like you haven't completely just set your money on fire.

Yes. So explain that to me and explain that idea of the mechanism by which luxury goods and things that I buy in stores can in some way like retain their value.

Sure. So I think just step one step back, you know what it is we do. We're a platform where individuals on a see-to-see basis sell the items that they own to other people within our bigger community. We act as a middleman, as in we check the authenticity of the

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