Luxury Handbags As A Financial Investment
Channel, Fendi, Hermes… When we think of these names we think luxury, we think extravagance and of course with that, we think expense! Thousands of dollars worth of expense for a single item. For a regular person, spending huge sums of money for a mere bag doesn’t make much sense. However, there is a whole other way to view this situation in which these luxury items are not an expense rather an investment!
A regular unbranded bag after purchase loses its value. It can only be sold for a couple of bucks and that too if you’re even able to find a person willing to buy. Luxury bags, on the other hand not only retain their value post-purchase, in fact, even multiply it over time. Due to their rarity, these items always remain in very high demand and will be taken off your hands in a jiffy. It is for this reason that luxury bags are deemed as a financial investment.
According to fashion experts, brands that make for the safest investment option include Chanel, Louis Vuitton, and Hermès. While other brands also hold their value over the years, they go through more fluctuations depending upon their style and fashion trends. Some of the best investment bags have been listed below.
The Hermes Birkin is easily the most sought after luxury bag in the market. Celebs like Kris Jenner are proud of owners of some of the most expensive, rare Birkins. According to fashion experts, the resale value of these bags depends upon the material, hardware, and style. But it is a known fact that most Birkins do retain or increase their value over the years. Especially if you get your hands on a black leather bag with gold hardware, you will be paid back in multiples of the original value.
The Hermes Kelly bag is also a phenomenal investment piece due to its popularity. Celebs like Miranda Kerr, Emma Watson, Sarah Jessica Parker, Rosamund Pike, Beyoncé, Karlie Kloss, and the Kardashian-Jenners are often seen rocking their Kellys which keeps the bag trending and in style.
The classic Channel Flap bag:
Another investment worthy bag is the Channel classic flap bag. This one is a favorite of celebs like Alexa Chung, Rita Ora, Demi Lovato, Rosie Huntington-Whiteley, and Lauren Conrad. While the resale value of the bag depends upon the leather and hardware, this bag does pay back in heaps. To get an idea, consider the fact that this bag retailed for 1600 US dollars 10 years ago while now it costs 4900 US dollars. Now that is what we call a real investment!
Channel Boy bag:
Although this bag was introduced only a couple of years ago, it’s grown massively popular and has entered the league of classics such as the classic flaps and reissue flaps, both in terms of demand and resale value. The boy bag when first introduced 5 years ago retailed at 2500 US dollars and in a short span has doubled in price and now retails for 5100 US dollars.