Designer bags are a big purchase item that you’ll probably spend thousands on. You’ll want to invest in classic designer bags that will never go out of style, as well as the extra research to make sure you’re making the right investment. Some designers only distribute a handful of items a year, and these are the pieces that will be in short supply and high demand.
Here are a few designer pieces that have withstood the test of time, always on the top of the fashionista’s wish-list – along with some suggestions for keeping them in prime condition.
Current events can spark trends in the fashion field. To check the brand’s resale value, keep up to date about current events in the fashion world by following brands and designers to see what’s happening that might make the brand’s value go up or down in value. For example, the recent tragic passing of Kate Spade will probably and ironically make her brand worth increase.
There are also apps that you can use to help you with your research. Some apps use a formula based on the previous transactions of brands and their selling power – to give you an estimate about the potential resale value. For example, the Vestiaire Collective, an online website that specialises in luxury secondhand goods, has created an online calculator that determines the average resale value of a designer item based on their sales history from previous transactions.
The Vestiaire Collective is a trusted source for second-hand items, as they check the quality and authenticity of every item and, more importantly, they can guarantee the authenticity of the item. Vestiaire Collective research found that designer handbags bring in 75 percent of the original retail price, more than most other items do. While this is a handy tool, it’s important to do your own homework when considering a designer piece to purchase as an investment.
Iconic designer bags, names that the average person would recognise like Chanel and Louis Vuitton, will not only be a coveted accessory to your closet but an investment for the future. Timeless designer bags are the “It” bags, unlike the over-the-top trendy pieces that are fads and will eventually go out of style. Mass-produced, over-the-top, colourful bags are worth shying away from. Instead, designer names like Chanel, Hermès, and Louis Vuitton have the real-power factors in the second-hand market. Limited quantities make the Hermès brand sought after since they sometimes only make a few bags a year.
An example of rarity is the Hermès dark green Kelly bag – coveted because of its unusual colour. Its exclusivity makes the brand stand out over others.
Louis Vuitton’s Neverfull remains popular to this day due to high demand. This classic tote bag with the easy-to-recognise pattern has a high resale value.
Another unusual piece is the black Birkin with gold hardware – rare because of the colour of the hardware.
Chanel bags have been around since the 1950’s and never go out of style. The Timeless clutch is a bag made with quilted leather and gold hardware. This design came out in the 1980’s and is still popular today.
Inspect the Craftsmanship
Before purchasing, check the quality of the bag by inspecting the craftsmanship. This is important to make sure the details of the bag will having selling power later. Test the bag to make sure the zipper and hardware work, and check the stitching.
Think Long Term When Considering a Purchase
Colour is also important when investing in bags. Bags in beige, grey, or black are neutral colours that can be paired with almost anything.
Take Special Care of the Bag
This may seem like a given, but once you actually have the bag in your possession, make sure you keep it in prime condition. Be sure to store it away from sunlight, keep it away from cigarette and cigar smoke, and clean it regularly to make sure it’s in top shape in case you choose to sell it later.
Choose a Bag That Speaks to You
This last tip is obvious but still needs to be stated. Choose a designer bag that you actually like and that reflects your personal style – something that you can see yourself carrying and that fits with your wardrobe. If it doesn’t make the IT bag list, big deal. If it makes you smile whenever you use it, its most definitely worth it!