Four Luxury Bags To Invest In
Not just a fashion purchase, these five bags are destined to increase in value over time making them a true guilt-free purchase.
1. Chanel Flap Bag
16 per cent value increase since 2022
One of the most important pieces of advice for those interested in investing in luxury items? Stick to the classics and nothing is more classic than the Chanel Flap. According to Sotheby’s, the bag is 10 times more expensive now than it was in the 1990s. In fact, the value of a Chanel Flap Bag has increased by 50 per cent between 2020 to 2022, per Fashionista, and then went up another 16 per cent since last year, states Sotheby’s. When it comes to re-sale, stick to a classic colour like black in caviar which proves to be the tougher of fabrics and don't go for seasonal specials.
2. Hermès Birkin
41 per cent value increase since 2021
The thing about the Birkin is that you can't just walk into the boutique and actually buy one. Oh no no no. You have to build a sales record with your own personal Hermes sales associate and then pre-order the bag once you qualify. This can take years depending on availability and even rapport with the assistant, which is why their resale value is so high.
The Hermès Birkin had the highest average return – 38 per cent – of any collectable luxury bag in 2020, according to Deloitte and Credit Suisse. It’s also important to note that the bags come in an array of colours, sizes and leathers. According to reports, the Togo leather Birkin 25 has the highest demand among consumers, with classic colours such as gold, black and brown.
3. Hermès Kelly
5 per cent to 16 per cent value increase since 2022
The same exclusivity applies with the Kelly but for some reason, the shoulder bag is not quite as popular as the Birkin, affecting it's original and resale price. When it comes to the Kelly, precious leathers and skins prove popular in the resale market as the Kelly 25 Retourne Matte Gator in particular has seen a 16 per cent price increase since 2022 from US$36,100 to US$42,000, as per Madison Avenue Couture. The Retourne Hermès Kelly 28 has also seen the largest increase in average auction price – 14.5 per cent – indicating an increase in demand, states Sotheby’s.
4. Louis Vuitton Neverfull
20 per cent value increase from 2021 to 2022
The Neverfull is one of those that you either love or hate and According to research data from The RealReal, Louis Vuitton and Chanel are among brands that hold their value best over time. Louis Vuitton’s Neverfull, launched in 2007, is perhaps one of the brand’s most iconic bags. The Neverfull holds a 91 per cent resale value on average, according to The RealReal. Its retail price increased from US$625 to US$2,030 after its 2007 release, representing a 307 per cent increase in value over the course of 15 years, as reported by LVBagaholic.
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