That's the skinny I'm hearing from some of the wealthy, long-time Hermès fans who are now turning their attention (and dollars) elsewhere.
Back in the 80's when the Birkin first hit the market it was readily available to anyone who had the $$$ to pay for one. Then Hermès started playing their funny games with phony waiting lists and other sagas as to why the bag was "unavailable" (remember "leather shortages" ? tee hee) to even those with enough money to buy the entire Hermès corporation. That all played out really well for Hermès and put them on the fast track to super-star brand.
Now it's 2014 and everyone wants the silly "H" belt (aka the Constance belt). And guess what? Hermès has suddenly started round-two of their silly waiting list, "unavailable" games. Now the belts are hidden in the backroom. (More waiting lists!) But don't kid yourself...there's dozens of belt in the back.
Well folks, the gig is up. Intelligent people and people with hard-earned money to spend will only put up with these silly (phony) French games for so long before they move on. It doesn't take a scientist to deduce that an Hermès label is far more valuable than most of the actual Hermès goods.
In certain circles the brand has become an embarrassment....hence the dozens upon dozens of Birkin's now showing up at all the major auction houses worldwide.