These bags are definitely worth buying
If you are a bag lover, just like us, you know that purchasing a designer bag is also considered an investment. Before you make such a large purchase, it's good to know whether the bag will also increase in value in the future, in case you want to sell it. To help you a bit, we made a list of the best bag investments of 2023. It comes as no surprise that our top 3 favorite brands: Chanel, Louis Vuitton, and Hermès, are making the list.
Chanel Classic Double Flap Bag
The Chanel Classic Double flap bag is a part of fashion history, it's timeless in design, structure, and quality. The bag has been on the market for years and the model has not changed since 1955. Chanel has consistently increased prices on the most popular handbag styles like the Classic Double Flap Bag and demand has not decreased, making it a sturdy investment with an average increase of 16% year on year. In a drastic rise, the price for a Chanel Medium Classic Flap bag has increased from €1100 in 1990 to €8990 in August 2022.
Hermès Birkin Bag
Designer bags are known for their excellent handmade craftsmanship and exclusivity. The prices of the bags increase annually by 14%. Hermès Birkin bags are more valuable than gold or stocks, according to a study in 2016, in the last 35 years, the iconic French handbag has increased in value by more than 500%. However, buying a Brikin bag is not so easy. As much as you want a Birkin bag, you can't just walk into a Hermès store to buy one. You’ll most likely need to spend a lot of money with them to build up your spending history for them to call you when one is available for purchase.
We talked in a previous blog on all the tips on How to get A Birking Bag, you can read it here.
Louis Vuitton Pochette
According to Rebag’s 2020 Clair Report, Louis Vuitton is one of the top luxury labels worth their money in terms of investment value. Available in a range of sizes and iterations, the Louis Vuitton Pochette is a simple yet iconic handbag. It’s often a perfect first addition to a designer handbag collection, especially a Pre-Loved one. It is reselling for 75% more than its original retail price.
The iconic Fendi Baguette bag, also known as the first 'It' bag. This bag has the quality that comes from creating with passion, care, and attention to detail. Fendi the perfect brand to invest in, it's timeless. The Baguette style was designed in 1997 and remains just as popular 25 years later. Depending on the style, the Baguette bag retails between €1500 and €3500, and the current resale value is sometimes also placed in this range.