三级成人视频When many other investment opportunities seem to be depreciating during the global pandemic and subsequent economic crisis, the value of designer handbags, it seems, is on the up.
Despite many of us having barely used a handbag since lockdown began (nowhere to go, equals nothing to carry) sales of new designer bags, as well as vintage styles, have remained strong throughout spring - pre-owned sales have increased by as much as 500% year-on-year, according to the luxury resale retailer, Handbag Clinic.
三级成人视频Great handbags have long been seen as investment - certain iconic designs by Hermes, Chanel, Dior, Gucci and Louis Vuitton are passed down in families for generations, increasing in value as they become ‘vintage’ collectibles. It’s an appreciation which the brands are well aware of - each spring, most houses increase their prices by a fraction.
三级成人视频But this year, some of Chanel’s most coveted bags including the classic 2.55 model, the Boy bag and the Gabrielle, have had their retail prices hiked by up to 17%. A spokesperson for the brand told Reuters that increased costs of raw materials due to the coronavirus crisis were the reason for the most recent increase, as well as a desire to align prices around the world (previously prices varied slightly in different countries). When Chanel’s iconic 2.55 flap bag launched in 1955, its retail price was around £154. By the 1990s, its price had hit £810, and today, the starting price is £2,610 for the smallest version.
As with property, the increase of the cost to buy new is irritating if you were looking to purchase a bag for the first time. But it’s great news for anyone who already owns one, and might one day hope to sell, or for anyone looking to make money by buying and selling a second-hand style.
Playing the resale game requires diligence in monitoring trends and price fluctuations, according to Charlotte Staerck, Handbag Clinic co-founder and retail director. If you’re in it for the really long run, buying new might see your children, and grandchildren reap the rewards. However, to turn a profit in a shorter time, buying second-hand is the way to go.
三级成人视频“Driven largely by brands such as Hermes, Chanel and Louis Vuitton, the handbag market has exploded in recent years, rising in value by an average of 8% year on year between 2004 – 2016, with an all-time high of 13% in the last year,” explains Staerck. “This outperforms all other collectible assets including art (5.2%), stamps (6.4%), rare whisky (5.0%), fine wine (0.7%) and jewellery (-6.7%). When you consider that a 5% yield is deemed well above average for property investors in the UK, investment grade handbags really are topping the bill right now. To put it into further context the FTSE and gold, which were until now regarded as a safe haven for wealth, both increased by 39% in the last decade whilst Birkin bags grew in value by 108% within the same period.”
The value of a second-hand bag appreciates based on several factors - the price to buy a new version in the shops (hence the Chanel hike will be good for anyone who already owns a Chanel), the rarity of the colour or fabrication, and whether the style is newsworthy, for example it’s spotted in a film or television show, or reissued on the catwalk.
Craftsmanship is taken into account, too, as well as accessibility. Hermes, for example, only produces around 12,000 Birkin bags each year, and will only sell new Birkins to an exclusive customer base, meaning that the second-hand market for them is huge. The hammer on one of will go down on 25th June, with highlights including a 2017 Birkin bag valued with a starting price of £35,000. The Hermès flagship store in Guangzhou, China, sold an estimated £2.1 million of stock on the day it reopened in April, including a rare diamond-studded Himalayan Birkin, as customers set out to treat themselves to new luxury goods after lockdown.
Staerck cites Mulberry’s Bayswater, Louis Vuitton’s Speedy and Neverfull, and Chanel’s Grand shopping tote as styles that will always be in demand, but advises those who are looking to buy something at a lower price and make money faster, to jump on hot trends at the right time. Her other top tip is to not buy from any brands which have frequent sales and offer discounts on new styles.
“With any bold trend bags my advice is to watch the market and sell at the right time,” she explains. “I made over £300 on a Velvet Gucci Marmont bag by watching the market and buying one just before it took off. I then sold it the minute it reached its height [of popularity], before its value dipped.”
“Trend bags will always have their place and you never know which one will take off,” Staerck continues. “The Dior Saddle Bag is a perfect example of this. Following Dior’s reintroduction of their saddle bag in their Fall 2018 show, the look and style exploded back onto the market and their value rocketed. They went from being completely unsalable, possibly fetching around £300, to selling for £1,000 plus. We also had customers who had Fendi Baguettes stored away in their cupboards – they were over the moon to earn hundreds of pounds from an item they’d disregarded at the back of their wardrobe. That’s one of the things that makes this industry so special, we see bags come back to life in so many ways and see someone’s unwanted item become someone else’s dream bag.”
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