Why Vintage bags are an investmentUE
Handbags, especially vintage ones, make great accessories. If you find the right one, it can become an inseparable part of you. But along with catching your eye, vintage luxury handbags can also be a brilliant investment.
Popular designer handbags have increased in resale value over 10 times – much more than luxury watches, cars, or even houses!
Research by HEWI London shows that Chanel Medium Classic Flap bags, and Hermes Birkin bags have seen a 92% and 153% rise in resale value respectively in the last 10 years, which is only predicted to go up.
Different luxury brands have different values in the market, and grow at different rates, too. Luxury handbags from brands like Valentino, Gucci, Dior and Balenciaga are also becoming increasingly strong items to invest in.
While investing in a vintage handbag, there are a few things you should keep in mind.
Make sure it’s your style
Think about what you will be using your vintage handbag for. Will it be something you use everyday, or save for special occasions? What is your aesthetic? Tese questions will help you decide on the style and size of the bag you buy.
Nude and neutral colours like black, grey, and tan will go with any fashion style, and are a safe option to buy. However, if your aim is reselling, remember that bright and unusual colours have higher reselling values. The most expensive bag in the world is a fuschia Hermes bag, sold in Hong Kong in 2015.
Make sure they’re in the best condition
Taking care of your bag is extremely important. After all, no one is going to buy a worn out bag. Store your handbag in the dust bag that comes with it, and keep it clean. To learn how to maintain your handbags, you can read more here.
Consider demand and supply
Rare and limited edition items will fetch more on the market because of their exclusivity. If supply is low, demand is high. So if you find a limited edition Chanel, don’t think twice before grabbing it!
These brands are more likely to give you a higher return on investment.
●Louis Vuitton Speedy
● Chanel 2.55
● Hermes Birkin Bag
● Louis Vuitton Neverfull Tote
● Saint Laurent Cabas Chyc Tote
● Chloe Paraty Tote
● Prada Bowler Bag
Make sure your bag is authentic
It is easy to mistake a counterfeit bag for the real deal, because often, cheaper duplicates have unparalleled craftsmanship. Do your research. Find out the best places to get authentic vintage luxury bags, and how to spot the difference between an authentic and fake brand, so that you don’t end up spending an exorbitant amount of money for something that would’ve cost a fraction.
If you’ve bought yourself a luxury handbag that needs repair, Fixperts Shop is here for you. We repair handbags, and replace broken handles, zips, and straps with authentic pieces.
Contact us on our Toll Free number today, at – 80081, or visit our office on Level 2, Mall of the Emirates, Dubai.