5 Luxury Bags That Best Retain Their Value
Tips & Advice
- written by LIF Team
Even though we love our favourite handbags like a first-born and can’t fathom the idea of ever parting with them, it’s nice to know that if we do one day choose to, we’ll receive at least a good portion of what we originally spent.
But what are the best value designer bags when it comes to on-selling in the future? Here are our top 5 picks for a return on your investment – perfect to help explain that last spending spree at Chanel…
5. Louis Vuitton Neverfull
Like a faithful friend, you won’t ever want this bag to leave your side. No matter what size Neverfull you have, it’s always the perfect size for the job at hand, whether it be errands, shopping, business or even as a baby bag (yes that’s right!).
This bag has soared to enormous popularity since its inception in 2007, seen on the arm of everyone from your favourite blogger to Hollywood celebs, the Neverfull has now firmly cemented itself as a classic.
The good news is you’re likely to recoup up to 80% of what you paid for it – that is if you can bear to part with it!
4. Chanel Classic Flap Bag
The epitome of style and class, and perfect for every occasion, the Chanel Classic Flap bag is a mainstay of any fashionista’s wardrobe.
The timeless design has stood the test of time, with the bag having only increased in popularity since it’s first release in 1955.
And despite being one of the few bags produced by Chanel every year, this iconic design is still not easy to get your hands on!
Combined with Chanel’s periodic price increases, this results in the perfect recipe for a good investment. If you hold onto them for more than a few years, pre-owned Classic Flaps can often go for at least what was paid for them, when taking into account Chanel price rises over the years.
3. Hermes Kelly
Rare and precious, and beloved by a princess, what more could a bag aspire to? The lovely Hermes Kelly is one classy piece of arm candy, with each one expertly handcrafted over 15 - 24 hours by a single Hermes artisan.
Named after Princess Grace of Monaco, who fell in love with the Kelly, this bag is as charming and elegant as its namesake.
Notoriously difficult to buy new from Hermes, the Kelly is a real winner when it comes to resale value, often fetching 80% or more of the initial price of the bag.
2. Chanel Boy Bag
Unofficially the best thing since sliced bread, the Chanel Boy is a game changer! A magical blend of masculine structure and perfectly feminine features, it’s not surprising that this handbag has fast become a cult classic.
Coveted by women the world over, this bag is a safe bet as an investment, with sellers expecting to receive at least 80% of what they paid for the bag on the resale market – now this is a Boy worth investing in!
1. Hermes Birkin
If the Kelly is the Princess then the Birkin must surely be the Queen. Inspired by the actress Jane Birkin, there is no doubt this is the most sought after handbag of all time.
Famously difficult to purchase new, each bag is an exquisite display of quality and craftsmanship. With waiting lists several years long, the demand for this bag certainly exceeds supply, making this one of the only handbags that can actually increase in value.
Coveted by all but owned by few, this status symbol is the ultimate in luxury investment. A pre-owned Birkin can fetch between 80 – 120% of the purchase price – a sound investment if we ever heard one!
With Hermes, Chanel and Louis Vuitton all incrementally increasing their prices, as well as retaining their exclusivity through limited production, these bags are set to continue to be great value over time. So there’s no time like the present to start your own investment collection before the next price hike.... Or better yet, skip the waitlists and buy pre-owned.