It is fair to say that luxury handbags are no longer just an accessory, but rather a sensible investment. They can retain and even appreciate in value over time, while the owner also has the pleasure of using and wearing it. With more collectors tapping into an already limited supply, retail and second-hand prices keep rising, but which luxury handbags have the best resale value?
While there are several emerging players in the luxury handbag trade, there are three powerhouses that continuously, year on year, feature as the leaders in this market...Louis Vuitton, Chanel and Hermès. Each of these brands has its own unique style and quality that makes them stand out from the rest. They produce luxury bags that continue to surge in resale value every year.
Boasting some of the most impressive resale values, The Louis Vuitton Neverfull Tote is proving to be one of the most in demand and iconic bags of this decade.
It was announced last year that Louis Vuitton will no longer produce the Louis Vuitton Bumbag, therefore many in the fashion industry have tipped this bag to be the next big earner.
With retail prices increasing by at least 12% in one year, the pre-loved market for these bags has risen, and even surpassed original purchase prices. The Chanel Flap bag currently retails at three times the price they were ten years ago, that’s over 200% return on your investment.
Launched in 2011, the Chanel Boy Bag is proving to be another excellent investment, with retail prices more than doubling in the last five years. The resale value of these bags is largely affected by the type of material and hardware.
The Hermès Birken remains one of the most sought-after bags of all, with the black model featuring gold hardware commonly referred to as “The Holy Grail”. Certain outlets actively recruit staff to hunt down and purchase these bags, which adds to their rarity on the open market and ensures that their resale value is impressive. The Hermès Kelly is another example that holds value well.
Miniature editions of these brands are also worth mentioning, as they are produced in small quantities and therefore harder to come by. The Louis Vuitton Speedy Mini HL Handbag and the Fendi Micro Baguette have retained their value at 201% and 149% respectively. Limited edition and short-release styles also tend to retain their value incredibly well.
Other luxury bag brands that are producing noteworthy returns on investment are Telfar, Bottega, Dior, Saint Laurent, Goyard, Gucci, Prada, Luar Ana, Coperni, Jacquemus Chiquito, Miu Miu and Fendi.
Rarity is clearly an important factor affecting value, but condition also has a significant influence on the resale value of your luxury handbag - so it is important to always take good care of your accessory. Always store in the original dust bag, don't put it on the floor, take care not to scratch or snag it, avoid exposure to the elements such as direct harsh sunlight and rain.
Designer handbags continue to play a significant role in fashion, and the market is expected to continue to thrive….
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