I have pondered this question for a very long time. Are designer bags and investment or not? Are they really worth the investment or it is just an excuse one can use to justify such a price tag. So I thought why no explore that by directly looking at some of the latest trends in bag and compare a designer against a more high end but affordable alternate. If fact why not make it more fun by not revealing which one is the designer bag and have you guess yourself
The Bucket Bag
Did you know that a classic channel 2.55 is a better investment than the actual stock market. This is one of the cool, surprising facts I stumbled across when I was doing reach into this. The bag has increased over 70% since its launch Chanel Bag increase in value I have linked the full article there. If that doesn’t persuade immediately to think about this serious investment wise I don’t know what will.
The Shoulder Bag
So my argument so far doesn’t seem fairly balanced because I appear to have already formed my opinion, what can I say I am easily influenced. So if you are like me and are easily convinced to here are some pointers you need to aware of. NOT all brands are lucrative, just like cars some brands hold more value compared to others. So for example the best brands to invest in are Chanel, Louis Vuitton, Celine, Hermes and Gucci. And just like a car the value for a BMW M5 Touring G-Power Hurricane RS will set you back $410, 000 whereas a BMW 2017 230i will set you back $32, 850. Both are BMW’s but the price difference between the two is significant. This is the same with designer bags so consider this fact when looking into an investment piece. So take for example a Chanel Boy Bag and Chanel Gabrielle Hobo Bag which one is likely to be a classic and worth more in five or even 10 years? The Chanel boy bag is actually one of the most valuable designer bags Five Designer bags worth investing in
The Cross Body Bag
And like a car you also have to consider the way in which you acquire it, really with bags they are just like cars. As soon as you buy a brand new car and leave the dealership the value depreciates exponentially. This principal is similarly applied to bag, think of it this way “vintage” any fashion item that has vintage in the name today can fetch 10x the amount it was initially paid for, or in-fact a similar/identical design that is brand new. Why is that? Because the older the item is the more money it will fetch and purchasing it as pre-owned then keeping it for a few years in better than buying a brand new item today.
In conclusion I am just saying, “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” – Warren Buffet. So you might as well invest in something you can enjoy and use in luxury whilst accumulating value along the way if the opportunity does present itself. So maybe until you can afford that expensive designer bag, why not buy a dupe until you can afford the real thing( the ones above feature a designer and a similarly cheaper prized alternate to it).
What do you think? Would you invest in designer bags?
PHOTO CREDIT: CHLOE.COM, MYTHERESA.COM, SECRETSALES.COM