Handbags are no longer just fashion accessories; they have become an investment piece for many fashion-savvy individuals. Investing in a luxury handbag can not only elevate your wardrobe but also serve as a valuable asset in the future. While there is a plethora of handbag options available in the market, certain designer brands and styles have proven to hold their investment value even more than real estate in some scenarios. Whether you’re a collector or a first-time luxury bag enthusiast, purchasing a luxury handbag from a resale store can be even better value for money as an investment. You could also score by finding a rare designer piece at a resale store like Mine & Yours that is otherwise challenging to find or that has a long waitlist. We have created a list of the top five luxury resale investment handbags and why they are great investment pieces.
Hermès Birkin Bag
The Hermès Birkin bag is the ultimate investment piece and the most sought-after handbag in the world, with a waiting list of several years. On top of the waitlist, you have to have a long purchase history with Hermès before you are offered the option to purchase a Birkin. This bag is crafted from the highest quality leather and is hand-stitched by expert artisans taking 48 hours to create a single bag. Hermès has increased their prices for all their bags and small leather accessories by up to 24 per cent from 2022 making it a great investment piece. The Birkin bag is a classic that never goes out of style.
Hermès Kelly Bag
Since the beginning of 2023, the Hermès Kelly bag increased in price by up to 16 per cent with the Kelly 25 Retourne Matte Gator bag selling for $5,900 more compared to last year. Hermes produces a limited number of Kelly bags each year, which makes them highly sought-after and difficult to obtain. The popularity and exclusivity of the bags allow for resalers like Mine & Yours to price items above retail making it one of the best investment bags to buy and sell. The Kelly is a timeless piece to add to your collection.
Chanel Classic Flap
The Chanel Classic Flap has had innumerable price increases, with five cost rises since 2021 alone. It now retails for $12,800, up 16 per cent from $11,050 earlier this year. The iconic bag was first introduced by Coco Chanel in 1955 and has been a symbol of luxury ever since. The bag is available in various sizes, materials, and colors, making it a versatile piece for any collection. The Classic Flap bag is known for its quality, durability and timeless style, making it a great investment piece.
Louis Vuitton Neverfull Bag
The Louis Vuitton Neverfull bag is a classic tote that is perfect for everyday use. It is made from the brand’s signature monogram canvas and is durable enough to withstand daily wear and tear. The Neverfull bag is also a great investment piece as it has shown to appreciate over time. From February 3, 2023, Louis Vuitton announced there will be a four to five per cent increase in all their bag prices due to inflation and global demand.
Louis Vuitton Speedy
The Louis Vuitton Speedy bag is a classic piece that has been around since the 1930s. The Speedy bag is known for its quality and durability, making it a great investment piece. In 2022 the Louis Vuitton Speedy bags increased in price by between 10 and 17 per cent. The speedy 25 rose from $1,350 to $1,490 and the speedy 35 from $1,390 to $1,620. The label is set to increase prices by up to 20 per cent in 2023. Thanks to a constant fluctuation in pricing like its counterparts this bag is one of the top investment pieces.
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