When it comes to investing in a luxury handbag, it’s really important to not only consider the trend you love but also to make sure it’s some kind of investment piece.
With that thought in mind, people often overlook educating themselves on which handbags will hold their value and never go out of style.
And if you’re going to walk away with anything from this article, know this:
- When buying a luxury bag, think about getting the most resale value for your investment bag. Will there come a time where you want to resell? You never know.
- Invest in the holy trinity—Chanel, Louis Vuitton, and Hermès. While the value of luxury handbags can fluctuate due to trends or buzz, these three iconic brands in certain styles have the most resale value.
Here’s a look into each brand and how to make the best investment possible:
Depending on the Hermès style, type of leather, and hardware, the resale value will vary.
The ultimate power behind the Hermès brand is due to their business model, keeping quantities limited, creating an unparalleled level of scarcity and exclusivity.
Oh, and if you ever wondered about that mythical Hermès waiting list, there’s so such thing.
Instead, you can expect to wait a certain waiting period of time before being offered your dream Birkin or Kelly. The time frame varies depending on your relationship with your Hermès SA (sales associate), the amount spent at Hermès over some time, and also this thing called pure luck.
The Birkin specifically is the most sought-after and coveted bag of them all.
The bag can be spotted on some of the most elite of celebrities including:
- Victoria Beckham
- Alessandra Ambrosio
- Kate Moss
- Kardashian-Jenner family
Birkin bags can retail anywhere from $9000 to $150,000 and can see resale prices up to $223,000.
The reason for this is that Birkins can either retain or increase in value depending on the leather, hardware, and demand.
Note: If you score a black Birkin with gold hardware, consider this bag “the holy grail,” of Birkin bags and if you ever considering reselling, you’ll get your money back plus more.
The Kelly bag was inspired by Grace Kelly herself and like the Birkin bag, the Hermès Kelly bag also retains or increases in resale value.
The Chanel medium flap in caviar leather retailed for $1600 just over ten years ago. Today, the very same bag retails for $4900.
Resale value on these bags are either retained or increase in value depending on leather and hardware.
While the Boy Bag is relatively new, introduced in 2011, it’s now a mainstay.
Just five years ago, these bags started at $2500. Today the Chanel Boy Bag starts at $5100.
Despite current trends, the Louis Vuitton Neverfull remains popular due to periodic price increases and high demand.
The Neverfull is one of Louis Vuitton’s all-time most successful bags that come in endless options of materials as well as limited editions and unique artist collaborations.