3 of the best investment bags that actually increase in value over time
It's less of a splurge when you do the fashion maths.
If you ask any luxury lover, it seems that the Hermes Birkin has been around forever but the truth isn’t quite so. Created in 1984, the story goes that British actress and style guru, Jane Birkin, happened to be sat next to then Chairman of Hermes, Jean-Louis Dumas, on a plane journey when she accidentally spilt the contents of her bag. The pair struck up a conversation and shared their ideas and voila- one of the most covetable bags in the world was born.
And while it’s covetable, it’s not accessible, with the hand-made lovely only being offered to valued Hermes customers at certain times and in limited numbers.
The re-sale market for Birkins is strong, driven mainly by the fact that most people will never even qualify for the bag and prices on the re-sale market go up each year.
Chanel Flap Bag
Chanel is to luxury like gin is to tonic so it’s no surprise that the Chanel classic Flap bag makes this list.
First introduced as the 2.55 bag in 1955, it was seen as revolutionary because of its functionality; the shoulder bag freed women's hands to do other things than hold a cumbersome handbag.
Karl Lagerfeld took over in 1983 and made some slight design changes around the turn-lock closure and variations in style but the allure stays the same. When it comes to pricing, at launch they were around $3,000 but in today’s climate they can start at around $10,000 depending on the leather. Oh, and Chanel notoriously has price hikes twice a year so grab one while you can.
It’s a case of whether you are an update or downtown girl over at Hermes with the Kelly often being seen as the more uptown choice. Older than the Birkin and more formal in style, the bag started its life in 1892 as a form of saddle bag- given Hermes’ equestrian roots but when Robert Dumas took over in charge of design in 1928, the bag started as it’s known today started to take shape but how about its name? Well, that’s thanks to one Princess of Monaco, Grace Kelly, who wore it in her famed film, To Catch A Thief and went out and about to hide her burgeoning pregnancy bump.
When it comes to pricing, the Kelly comes in cheaper than the Birkin at around $8,000 at retail depending on leather but again, it’s up to Hermes’ discretion whether you are offered one. With the Kelly gaining recent traction as the bag du jour of the likes of Hailey Beiber and the Olsens, the re-sale market for Kelly’s is particularly hot right now.
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