Famous branded luxury bags (branded) are not just a complement to fashion or to increase prestige because of their prices that reach millions, even hundreds of millions. Certain bags can turn out to be an investment. For those of you who are indeed a bag collector or just want to try investing in this branded bag, choosing the right bag is needed in determining future investment returns. According to the Knight Frank Luxury Investment Index, branded bags have been the most profitable luxury investments. This is because the value of designer handbags has increased by 13 percent over 12 months. Major bags from flagship brands such as Hermes, Chanel and Louis Vuitton have maintained an average 83 percent increase in valuation over the past decade.
According to the report, a rare Hermes handbag can even be a better investment than a painter’s artwork. Then, how to judge the right luxury collectibles? Here are seven tips to help you hunt for branded bags for investment: Michaelkors Outlet
1. Invest in classic styles
Known as the “holy trinity” of luxury goods, bags from heritage fashion houses Chanel, Hermes and Louis Vuitton have long been considered the most sought-after brands. There’s a constant demand for bags like the Chanel Flap, Chanel 2.55, Louis Vuitton’s Speedy or Neverfull, and of course, the iconic Birkin and Kelly bags from Hermes. These classic types of bags will grow in value over time. This is because this highly coveted bag has an excellent track record in the resale market. A testament to how strong this bag can last for a long time.
According to an article published by Forbes, the value of Hermes Kelly has increased 129 percent in the last decade while Chanel bags have increased in value by 132 percent. Although very expensive, these bags are invaluable precisely because of how difficult it is to get them. Like Neverfull, Louis Vuitton often sold out within minutes of being posted on the official website. So, once you’ve decided which brand you like best, buy it with the entertaining idea that you’ll be making money back in time.
2. Look for rare, limited-edition bags
While choosing classic models is a safer route for beginners, more experienced collectors who don’t mind taking risks can opt for rare offers and limited edition collections. Whether they’re made in exclusive quantities, custom made, or made for popular collaborations with other designers or artists, these masterpieces tend to make a big fortune in the auction and resale markets.
Expect rare looks of classic designer silhouettes in exotic leathers and limited edition prints, such as the Louis Vuitton Neverfull bag embellished with art by pop artist Jeff Koons in a collaboration entitled “Masters”. The Chanel Lego minaudiere handbag, the Kusama Pumpkin Louis Vuitton minaudiere bag (in collaboration with Japanese artist Yayoi Kusama), and the Dior titanium saddle bag (in collaboration with Japanese sculptor Hajime Sorayama) are examples of limited edition masterpieces that are now hard to find.
The bag from Hermes, the Himalayan Birkin, is one of the rarest collectible bags to date. Featuring an 18-carat white gold plated bag and studded with 205 diamonds, the Himalayan Birkin is reportedly selling for a record-breaking price of more than half a million dollars in 2019. Lessons to be learned from this are proven, buy a limited edition designer bag. which was rare when released on the market.
3. Choose a style that is timeless, not trendy.
While you may be tempted to buy a handbag that carries the hype wave, avoid styles that feature seasonal trend-oriented elements. Raffia bags, tie-dye designs, and bags with thick edges are in trend these days, but durability may not be guaranteed in the long run. Bags with a timeless style and neutral colors are preferred on the market. The idea here is to look for a style that won’t look dated a decade from now.
A consistent style that is re-released in a new style every season has a great chance of establishing itself as a classic. Examples include the Lady Dior, Celine’s minimalist box bag, the Puzzle Loewe bag, and the Peekaboo Fendi handbag. Since it is almost impossible to predict which branded bag will one day be in line with fashion in the future, it is advisable to stick to the safer classic bag. Look at the simple, functional silhouettes and designs that you really like, maybe you’ll get lucky. Tas Branded
4. Avoid brands that are often discounted.
If you are looking for bags with high resale value, it is advisable to stay away from brands that often discount their bags. The value of a handbag can drop significantly after purchase if it can be easily purchased at a low price. Contemporary brands coming out with a new line of seasonal bags without any distinctive distinction should also be avoided, as the handbag you might buy can lose relevance and be easily recognizable.
5. Before buying, do lots of research
Have a solid understanding of the potential resale value of a bag by doing lots of research before buying it. Visit resale sites such as Vestiaire Collective, TheRealReal, and Rebag to observe designer handbag prices and how they have increased in value over time to get a better idea of what particular brand or style of bag can last.
6. Maintain his condition
Take care of it with care. Bags that are not maintained, stained, or chipped will lose their value. Store it in a dust-proof bag that is usually obtained when we buy a bag (this can also help to prove the authenticity of the bag when you resell it) when not in use. Take care of the inside and prevent it from getting stained with lipstick, makeup or perfume. Ideally, keep cosmetics or perfume in a pouch before putting it in a bag. Sepatu Branded
However, it should be noted that there is a risk of leaks that might stain the parts in the bag. Leave stubborn stains to professional cleaners and damage repair at the brand’s official bag repair shop. Lastly, pay attention to the weather and humidity, even if you don’t get wet, leather bags should not be exposed. So it’s better not to use it when it’s raining.
7. Sell at the right time
We’ve come to the most important factor for selling the designer handbag that will give you the best price, namely, time. It goes without saying that hugely popular and sought-after bags will enjoy a huge spike in prices, so what you’re really looking for is a game of waiting.
Sometimes, this means waiting for bags to become very rare and hard to come by in the resale market. There are of course exceptions to this rule. The classics mentioned above, such as the Hermes Birkin and Chanel handbags, will fetch great prices most of the time.