Why Purchase Pre-owned Luxury Handbags
Do you love designer brands and the history behind the collection? Each year and collection offers distinctive style details, silhouettes, patterns, and material, making these handbags almost like a time capsule. Have a true piece of designer fashion from bygone eras with pre-owned luxury handbags.
There are many reasons to purchase pre-owned luxury handbags. Here are a few to keep in mind:
Design History: Depending on the brand and design you purchase, the handbag may even be worth more than you initially purchased it for–a treasure waiting to be cherished once again, becoming a collectible that is part of design history.
Investment: Elevate your wardrobe and handbag collection by purchasing pre-owned luxury handbags. Highly sought-after brands often retain value over time, making them an "investment piece."
From Bloomberg, Chanel has raised global prices on some of its classic handbags by almost two-thirds since the end of 2019. Chanel bags on the resale market are known to maintain top resale values, and this is unlikely to change.
Since November 2019, the price of Chanel’s small classic flap bag in the U.S. has gone up by 60% to $8,200, according to data compiled by Jefferies Group analyst Kathryn Parker. The large version of the handbag known as the 2.55 now costs $9,500 in the U.S. following Chanel’s latest price hike, the brand’s fourth in two years. It cost $7,400 in June, according to Parker.”
Sustainability: Investing in pre-owned luxury handbags becomes a sustainable option, extending the life and wear of a used item. Breathing new life into a pre-owned or gently used item by taking good care of it without always purchasing the newest thing helps the environment, reducing waste and continuous consumer consumption.
Best Investment Luxury Handbag Brands
Not sure which brands/styles to purchase? This list will provide you with information you can apply when you are shopping for pre-owned luxury handbags.
Louis Vuitton: Louis Vuitton remains one of the most popular designers of all time, prized among collectors and enthusiasts. Their iconic LV pattern is absolutely timeless, making purchasing pre-owned Louis Vuitton handbags a must for those who adore this brand. Louis Vuitton is so popular, even the most worn-out handbags will find a loving home for those who simply cannot get enough of everything LV.
Chanel: Chanel has a long history entrenched in high fashion, synonymous with the elite of society, celebrities, and models; this is one of the many reasons why they are so expensive and popular, more noteworthy than many of their competitors.
Chanel is known for their high-quality materials, quilted leather, and distinctive interlocking "CC '' logo, along with their metallic chain strap handbags and other products. Chanel frequently uses "caviar leather" or grained calfskin and the finest lambskin, a buttery soft leather that is supple yet durable, withstanding years of wear if they are cared for and regularly maintained (kept clean, stored properly, etc.). As mentioned, Chanel has a high resale value, driving up the cost of the initial price tag of their handbags.
Hermès: Hermès is one of the most exclusive meticulously handcrafted handbag brands worldwide, remaining the ultimate prize for those investing in expensive luxury items. These handbags feature price tags running in the tens of thousands of dollars. Many Hermès handbags are one of a kind, or incredibly rare, with only very small batches handmade.
The Jane Birkin bag is a part of fashion history and remains a “status” bag, its popularity greater than ever. According to a 2014 estimate, Hermès produced 70,000 Birkin bags that year. The bag is highly coveted and has been reputed to have a waiting list of up to six years. As a result of strong demand, the Birkin bag has a high resale value and to such an extent that the bag is considered by some people as an instrument of investment. One 2016 study found that Birkin bags had average annual returns of 14.2% between 1980 and 2015, significantly beating the S&P 500 Index in returns over the same period.
Gucci: This luxury brand remains a mainstay among designer enthusiasts, seeing a resurgence of popularity within the last five years. The GG logo is as distinctive from other brands, making Gucci instantly recognizable.
This is a list of some of the most popular, sought-after luxury handbags to consider when purchasing and selling pre-owned handbags. Other more designer brands like YSL, Prada, Fendi, Celine also have resale value if you are selling your pre-owned handbags--they may not come with a higher price tag but still retain some value.