In the world of fashion, some handbags become not just accessories but also investments. They’re the gems in every fashionista’s closet, retaining and even appreciating in value over time. From the iconic Fendi Baguette to the contemporary designs by Miu Miu and Bottega Veneta, these handbags are the must-haves for those who know the art of combining style and investment.
Carrie Bradshaw’s Enduring Fendi Baguette
The Fendi Baguette made its mark in the year 2000, carried by none other than the iconic Carrie Bradshaw. In the reboot of "Sex and The City," her shimmering Fendi Baguette has made a triumphant return, showcasing its timeless appeal. What’s remarkable is that the bag, a part of Fendi’s Fall/Winter 1999/2000 collection, has maintained its charm over two decades. Carrie’s bag is a testament to the enduring appeal of certain designer handbags.
The Science Behind Resale Value
Understanding what sets a designer bag apart as an appreciating treasure requires insight. According to Kelly McSweeney, The RealReal’s Senior Merchandising Manager, there are key factors to consider. Classic or iconic brand elements, such as monogramming and logo hardware, significantly contribute to resale value. The presence of brand signifiers deeply rooted in the brand’s DNA further enhances the desirability. Limited production and collectibility also boost resale value, as exemplified by Hermes’ Birkins and Telfar’s creations.
The Handbags with the Highest Resale Values
From the classics to new wave novelties, here are the handbags that retain the highest resale values, according to experts at The RealReal:
- Loewe Paseo Bag
- Loewe’s rectangular bags, a favorite among fashion enthusiasts, have seen a 16% increase in average selling prices, making them a wise investment.
- Saint Laurent Le 5 à 7 Hobo
- The soft hobo bags, up 15% in value year over year, have become a hot commodity in the world of fashion.
- Gucci Horsebit Chain Shoulder Bag
- Gucci’s reintroduction of the small shoulder bag has sparked a 64% increase in search demand, providing a range of options and price points.
- Celine Triomphe Bag
- Celine’s classic Triomphe bag, reminiscent of Phoebe Philo’s iconic designs, holds 85% of its original retail value and is in high demand.
- Prada Tessuto Re-Edition 2005 Shoulder Bag
- Prada’s revived 2005 shoulder bag, honoring the aughts’ aesthetics, continues to gain popularity with its various reimagined versions.
- Louis Vuitton Neverfull
- The iconic Neverfull tote by Louis Vuitton is making a comeback as a practical executive tote, with a strong business vibe.
- Miu Miu Wander Mini Matelasse Nappa Bag
- Mini bags are on the rise, with Miu Miu’s Wander Mini Matelasse Nappa Bag leading the trend.
- Luar Ana Bag
- Luar’s Ana Bag, inspired by ’80s and ’90s briefcases, is already in high demand despite its official launch scheduled for Spring 2023.
- Coperni Swipe Bag
- Coperni’s Swipe Bag, a modern icon seen on celebrities like Dua Lipa and Kylie Jenner, is a true investment piece.
- Bottega Veneta Sardine
- The Bottega Veneta Sardine handbag has earned the title of an "It bag" and is a favorite among celebrities.
- Prada Re-Edition 1995 Tote
- The return to the office has driven a 30% increase in demand for totes, with Prada’s 1995 tote becoming a sought-after choice.
- The Row 90’s Bag in Leather
- Cylinder-shaped bags like The Row’s 90’s Bag are gaining popularity, with a 35% increase in demand in the second half of 2022.
- Fauré Le Page Tote
- Fauré Le Page Tote, a newer addition, is already catching the attention of fashion enthusiasts.
These handbags represent a fusion of style and investment, making them a must-have for fashion connoisseurs. They are more than accessories; they are treasures that appreciate in value as time goes by. When it comes to fashion investments, these handbags are the ultimate choice.
Exploring the Top-Performing Handbags in the Resale Market
Does LV Have Resale Value?
Louis Vuitton (LV) undoubtedly holds some resale value, although it may not match that of certain other luxury brands. The brand’s resale potential is influenced by several factors:
Exclusivity: LV refrains from hosting sales events, preserving its exclusivity and allure among fashion enthusiasts.
High Demand: LV products consistently maintain a strong demand, contributing to their lasting appeal in the resale market.
Rare Colors and Leather: Particularly, LV items featuring rare colors and unique leather types can command exceptionally high resale prices, making them sought-after investments.
Considering these elements, Louis Vuitton retains notable resale value, especially for those who appreciate the brand’s enduring elegance and rarity in the fashion world. The question remains, would you invest in a Louis Vuitton bag?
Why Do Birkin Bags Double in Value?
The Birkin bag, and its equally coveted counterpart, the Kelly bag, possess a unique allure that drives their doubling in value. Several key factors contribute to this phenomenon:
Rarity: The scarcity of Birkin and Kelly bags fuels their desirability. These bags are often challenging to acquire, making them sought-after luxury items.
Annual Price Hikes: Hermes, the brand behind Birkin and Kelly, regularly implements annual price increases. As of 2023, these iconic bags experienced an 8-10% price hike. These increases naturally transform the bags into sound investments, particularly when purchased with a long-term perspective in mind.
The Birkin’s value-doubling magic is a product of their exclusivity, increasing demand, and consistent appreciation over time, making them an enticing choice for those with an eye for both fashion and investment.
What Brands of Purses Increase in Value?
When considering purses as investments, certain designer brands stand out for their exceptional ability to retain and increase in value. Notable brands in this category include:
Chanel: Chanel handbags are renowned for their enduring appeal and strong resale value, making them a wise investment choice.
Louis Vuitton: Louis Vuitton bags are coveted for their exclusivity and high demand, resulting in favorable resale prices.
Hermès: Hermès, known for iconic bags like the Birkin, has a reputation for doubling in value over time, making it a top choice for savvy investors.
These brands, among others, offer reliable options for those looking to not only own a designer purse but also see their investment grow. For instance, the Birkin bag is expected to double in value in the coming decade, exemplifying the potential of these high-end purses as assets.
Which Handbags Appreciate?
We’ve curated a list of top luxury handbags with the potential to not only retain but also appreciate in value over time. These timeless classics include:
HERMÈS KELLY: Designed by Robert Dumas in 1930, the HERMÈS KELLY boasts enduring elegance and an iconic history.
HERMÈS BIRKIN: Created by Jean-Louis Dumas in 1984, the HERMÈS BIRKIN has become a symbol of luxury and exclusivity.
CHANEL 2.55: Gabrielle Chanel’s 1955 creation, the CHANEL 2.55, remains a fashion masterpiece with timeless appeal.
LOUIS VUITTON SPEEDY: Designed by Georges Vuitton in 1956, the LOUIS VUITTON SPEEDY combines practicality with enduring style.
These handbags have a track record of not just retaining their value but appreciating over time, making them sought-after investments for fashion connoisseurs.
Which Louis Vuitton Has the Highest Resale Value?
Louis Vuitton Neverfull Bag – The Resale Stats:
The ever-iconic Louis Vuitton Neverfull bag boasts an astonishing 91% average resale value.
The Story Behind The Style:
The must-have Neverfull, designed by Marc Jacobs, has swiftly become a classic since its production debut in 2007. This remarkable resale value underlines its status as a top choice for those seeking both style and investment in the world of luxury handbags.
Does Chanel Have Resale Value?
Resale Value in the World of Chanel:
Chanel bags continue to hold significant resale value, with prices reaching record levels. Pristine bags, in particular, are experiencing high demand in the secondary market.
Collectors are actively seeking rare Chanel bags from previous seasons and sold-out new styles. Notably, designs like the 2022 CC "In Love" Chanel Heart Bag are capturing the attention of discerning fashion enthusiasts. This enduring demand underscores the strong resale potential of Chanel’s iconic handbags.