Handbags are no longer just accessories to flaunt. High end bags are great for investment as well. Be it Hermes, Chanel or Louis Vuitton, luxury bags have more investment potential these days when compared to art pieces. Getting a handbag appraisal to know the accurate value of your coveted piece is essential if reselling is on your mind.
Let’s discover some of the most sought after luxury bags and brands for investment:
Chanel Diamond Forever Handbag
Chanel’s exquisite Diamond Forever Handbag is an example of how scarcity can lead to high demand. It is one of the most desirable bags not just because of its aesthetics but also because only 13 such bags were crafted in 2007. This is a collector’s piece, making it a valuable investment. Crafted from white alligator skin and features jewel studded Chanel logo. It is adorned with 334 diamonds set in 18 karat white gold, weighing 3.56 carats. Also features a detachable 18 karat gold chain. When you decide to buy a luxury handbag, it is recommended to get a handbag appraisal online for reselling and insurance purposes.
Blue Crocodile Hermes Birkin Handbag
The story about the creation of this bag is quite interesting. In 1981, Jane Birkin, a popular British actress and singer was on board a flight from Paris to London. Somehow her straw bag got damaged and all the items within it came out. Jean Louis Dumas, the chief executive of Hermes was sitting next to her. This incident inspired him to create a premium quality durable leather handbag and the rest is history!
Prestige Valuations is a leading handbag valuation company. They have expertise in appraising bags of all types. They also provide watch and jewelry appraisal online.
Fuchsia Diamond Studded Hermes Birkin Bag
A beautiful bag from the house of Birkin features 18 carat white gold and is embellished with diamonds. The vibrant fuchsia-color bag features authentic crocodile leather. Premium quality diamonds, metal and leather are used to craft Birkin handbags. Exotic animal skins like crocodile and ostrich are utilized for making leather bags. In a Christie’s auction held at Hong Kong in 2015, the fuchsia bag was sold at a staggering price of $1.72 million Hong Kong dollars.
Lana Marks Cleopatra Clutch
Many celebrities have been seen carrying this bag across the red carpet. From Madonna to Princess Diana, from Oprah Winfrey to Reese Witherspoon, all of them were seen flaunting the brand. The luxury brand was launched by Lana J Marks. The brand is known to craft only one Cleopatra Clutch every year. This rarity has made it one of the most sought after bag. Li Bingbing, a Chinese actress and singer has flaunted the most expensive Cleopatra Clutch for her red carpet appearance. The clutch was studded with 1600 white diamonds and featured her name in pink diamonds and gold.
Luxury Handbag Brands Ideal for Investment
Louis Vuitton Bags
Louis Vuitton’s average retention value in the resale market is over 90 percent. High resale values have always attracted handbag enthusiasts toward the brand. With around 150 percent average value retention, Louis Vuitton x NBA Ball in Basket Bag is a great option to invest. With around 120 percent average value retention, the Nigo Keepall Bandouliere bag is another good pick. After you buy a high end bag, get a handbag appraisal or valuation online immediately to know its true value.
Chanel Bags
Chanel is another brand one can plan to invest in. This high end brand’s resale value has soared high. In 2022, the brand’s average value retention was 87 percent, 12 percentage points higher than the previous year. Some of the handbags even touched the 100 percent mark. You can consider investing in Chanel Deauville Tote as it is one of their highest value handbags. It retains an average of 112 percent of its value on the second hand market. Another one that you can consider is Chanel Grand Shopping Tote, it retains an average of 110 percent of its value on the resale market.
