Secure the bag, they say. Now, what if the bag secures the bag? Owning a luxury handbag can not only of course implies wealth but what it also does is inch you (albeit only a tiny bit) towards the 1 percent club. Yes, you can get richer by making a collection of certain leatherette bad boys. Just make sure they don’t get the treatment your bedside succulent does.
If figures are to be believed, the secondhand market boom is set to reach $77 billion in the next five years. And the cherry on the top would be a Chanel, Fendi, Gucci or an Hermès label, stitched right underneath the seam – bigger the name, bigger the returns.
Let’s run through this list of a few iconic names that will undoubtedly retain most of their value whilst navigating the resale arena.
Gucci 1955 Horsebit
Termed one of the most enduring assets for the Italian behemoth Gucci, the Horsebit has been around since 1953. Characterized by the double metal hardware, the loop is as famous as, if not more than the Chanel Cs.
Intrinsically linked to the former Princess of Wales, Lady Diana, the Lady Dior bag is a homage to Dior’s fine craftsmanship & love for structural femininity. The architectural bag was a gift to Diana by the First Lady of France, back in 95. Since then, the illustrious bag has been heralded as a symbol of independence & freedom, much like Lady D’s demeanour.
Hermès Himalayan Birkin
The most expensive Hermès bag ever, aka the Himalayan crocodile Birkin was launched at a price of over $400,000 & is owned by a numbered few, including Victoria Beckham, Kim Kardashian, socialite Jamie Chua, Nita Ambani, Heart Evangelista & JLo.
Chanel Classic Flap Bag
Designed in the 50s by Madame Coco, the Classic Flap was a much celebrated design owing to its prioritization of practicality, by adding the shoulder straps. Timeless in its make & as relevant today if not more, the iterations in size, pattern & weight have managed to propel this classic as a favourite amongst the high fashion circles.
Louis Vuitton Neverfull
Relatively new than its counterparts featuring on the list, the Louis Vuitton Neverfull climbed the ranks all thanks to the barrage of celeb airport looks featuring the said piece. Available in 3 canvases & defined by the iconic LV motif repeat, the price of a Neverfull has increased 77% since 2009. Alexa, google LV stores nearby.
Y2K is back & so is the Fendi Baguette designed by Fendi’s creative mastermind Silvia Venturini Fendi. Available in almost every colour & texture, the varied advancements in the notable model have helped retain its IT status. Spotlight on Carrie Bradshaw’s purple throwback in Just Like That, of course.
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