Secure the Bag Sis: What Are The Best Designer Bags To Invest In?
By: GenM Staff writer
There are few items more lusted after than designer purses. For some reason, the world of luxury handbags has been like a super exclusive club—the wait list is a mile long, and even after you get in you still have to shell out some serious coins.
Now if you are a savvy shopper, you’d know better than spending your hard-earned cash on the ‘it-bag’ of the season, every season (unless you know, money is no object—then by all means wild out!). Buying a luxury purse, or any luxury item for that matter is and should be a pretty significant investment! And of course, like savvy shoppers—we do our research before investing! Well let us help you out a little! CEO of Accessory resale site Tradesy Tracy DiNunzio, gave Racked.com an interesting piece of advice—"the safest thing is to buy the classic styles and shapes that are already proven, because they stand the test of time," DiNunzio commented. "You know those will always be in demand and you'll always get a predictable, stable, good return on your investment."
Following Dinuzio’s advice, here are five designer purses that make excellent investment pieces, whether you’re looking for bag with a high resale value or simply want to make sure that your purse’s durability matches its price point! Keep reading!
One of LV’s best-selling pieces, this sturdy tote bag definitely gives you some bang for your buck. These bags are notoriously robust (LV reportedly fills them 3.5kgs and drops them from a half meter to test their durability), their endless popularity ensures that your designer purse will always be in high demand. Most resale sites note the Neverfull as one of their bestselling pieces as it generally retains at least 85% of its resale value
You could probably spot this bag a mile away—that’s how popular it has become. Perhaps one of Chanel’s best-known, bestselling accessories, the classic flap bag has certainly stood the test of time, which is usually how you can spot a good investment. The luxury purse usually resales for anywhere around 85% of its retail value but it can actually increase in value if it’s a limited or special edition!
This iconic bag is a flash seller on resale websites. Due to their limited quantity and absence of a wait list, any Hermès purse really will always resell well but the Birkin is the most coveted of them all (in the world, that is). The Birkin is a unique combination of high quality luxury and exclusivity and in fact, a recent study actually showed that your Birkin just might be a safer investment than gold or stocks. No seriously, the world’s most exclusive handbag has been shown to not just retain some of its retail value, but actually increase in resale value over time!
FUN FACT: Drake has been collecting Birkin Bags for years for his future wife. AINT THAT RIGHT DRIZZY?
Speaking of Hermès, the Kelly is another purse that retains almost all or increases in resale value. You can thank Grace Kelly for this purse’s popularity—just one photograph of her using it to cover her baby bump and voila, a star was born! Deemed a must-have item on Sex and the City, (the then it-show for all ‘it-girl’ designer fashions) made the Kelly more famous but its classic look has given it its longevity. Like its namesake, this designer purse is a classic, and you can’t go wrong with a classic!
The Chanel Boy Bag is the new kid on the block (it was only released in 2011!) but don’t let its small size or newness fool you, this purse has quickly become a favorite of many celebs and luxury bag junkies all over the world. Its classic look and shape helped it quickly rise through the ranks and currently, it manages to retain a whopping 90% of its retail value! Not bad for a purse not yet a decade old!
Considering that luxury purses are no longer just a luxury and can actually be quite a smart investment, maybe it’s time that we start looking at these purchases a little differently. Imagine how dope it would be if your fave accessory turned into a down payment on a car! Are any of these designer purses on your luxury wishlist? Do you think about future investments when you splurge on your accessories or do you just buy what you like (after all, we’re here for a good time not a long time, right?). Let us know some other designed pieces that you’ve found to be good investments.
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