Designer handbags worth investing in if you plan to resell them later
A shift in attitude when it comes to buying pre-loved items – designer or otherwise – has seen the market embraced not only by the masses but also by luxury shoppers.
“Over the past three years the market has exploded,” Hanushka Toni, co-founder of the UK-based luxury resale site Saddler KnightsbridgeExplain.
“We have customers who buy from us who you actually consider to be very wealthy, who previously bought with Chanel and Hermès only in the primary market. The second hand idea was just like, ‘What? Why would I buy someone else’s old stuff? Today, those customers are buying about 25-30% pre-likes with brands like ours,” she says.
More than eBayHead Of Luxury, Brooke Eichhorn, reveals that this number is even higher, subsequently driving the price of second-hand designer bags in the same direction.
“Globally, we find that 69% of luxury shoppers buy second-hand handbags because of their more affordable price as well as the possibility of finding rare and vintage items,” says Eichhorn.
Like anything else, some luxury bags go in and out of fashion, even if it’s a slower cycle than the style of jeans we all wear now.
“We are definitely seeing a huge influence from late 90s, early 2000s and 2000s trends. up 41% and Fendi baguettes up 40% on the back of the sex and the city reboot,” reveals Depop’s Aria Wigneswaran.
If you’re looking to invest in a designer handbag, whether new or vintage, and plan to resell it eventually, there are a few key styles and things to keep in mind for optimal resale value. .
“We always recommend investing in classic styles or unique editions to get the best long-term return,” Wigneswaran advises.
Hanushka Toni of Sellier Knightsbridge reveals exclusivity and quality French fashion houses Hermès and Chanel get the best return on investment with some bags earning double or triple their retail value.
She also suggests shopping in two key categories: unique versions or timeless neutrals.
“A lot of the bags that attract premiums are those in really unusual colors that are no longer produced,” Toni tells us.
“They tend to have incredible long-term investment value just because they’re so rare, but if you’re buying so you can always resell and you’re not looking at a 20-year hold, I’d say neutrals with gold hardware.
Beyond aesthetics, one message is clear: quality is of the utmost importance, so whatever style you decide to buy, keeping it in good condition is essential. Translation: don’t throw away those dust bags!
The best designer bags to invest in
Black Grained Calfskin Satchel, $5,500 at DIOR
Midi Baguette Chain, $4,490 at FENDI
Classic Handbag, $13,850 at Chanel
Hermès 2000s Pre-Owned Kelly 35 Sellier 2way Bag, $24,027 at Farfetch