A study conducted by luxury retail platform Baghunter says that you’d be better off investing in an Hermès Birkin bag than on stocks or even gold. Over the past 35 years, the Birkin bag has increased in value by over a whopping 500%!
But not every designer bag will retain its value over the years. The first thing you should know is that if you’re buying a bag as an investment, go for brands that never go on sale. According to Fortune, brands that have can be found discounted lose their value the fastest, like Marc Jacobs or Versace.
Luxury bag resale list:
If you choose the right brands, you could Here are some of the most investment-worthy bag brands there is.
Probably the most coveted in the world, a brand new regular Hermès Birkin bag costs around US$12,000, but they can typically be resold to 80-120% of their original value, according to Forbes. Luxury bag resale value is now a reality.
“You pay 2.8 times today what you would have paid for a Birkin seven years ago - and that's just the retail price," Fanny Moizant, co-founder of designer resale site Vestiaire Collective, tells The Telegraph. "There's a huge market for rare bags, and as soon as brands manage the distribution and restrict production, people will pay more.”
The number one bag on Vestiaire Collective’s Global Bag Exchange Index is the Chanel 2.55. The flap bag’s timelessness makes it a great investment; when the 2.55 bag launched in 1955, it retailed at US$220. Today, it could cost you $4,900.
As a rule, the more unattainable or exclusive an item is, the higher it’s going to cost. “Céline and Chanel don't have their own E-commerce sites, so they are always good investments," says Moizant. A Trapeze bag, which retails at £1,300, sells on Vestiaire Collective at that price or higher, which proves its ability to retain its resale value.
4. Louis Vuitton
Any classic Louis Vuitton is a good investment. They’re a popular brand that won’t go out of style any time soon, and they never go on sale, which helps the brand retain its value. The Speedy in particular sells quickly, as its name implies. “Back in the ‘80s, a Louis Vuitton Speedy was US$240. Today some of those sell for more than $1,000,” Sarah Davis, founder of luxury e-commerce reseller Fashionphile tells Stylecaster.
As one of the fashion world’s most mysterious brands, Goyard’s bags are some of the fastest-selling in the world, says e-commerce resale site Tradesy CEO Tracy DiNunzio. “Goyard bags typically sell in less than five days,” she told Racked. “This brand sells faster than any other designer bag brand on Tradesy, and that might be related to the fact that it’s the least-frequently listed designer bag brand.”
Luxury bag resale can be the new 'investment' plan for many of you. Go ahead and plan what suits your budget the best!