The appeal of luxury handbags
One of the most appealing aspects of investing in a luxury, designer bag is that you can put your money into something that is both enjoyable and functional. A luxury handbag is a tangible object you have the option to use day to day or just for very special occasions.
The exclusivity of handbags made by highly regarded fashion houses from high-end materials, means they can become highly desirable objects. With lots of designers to choose from, picking an investment piece can be an extension of your style and personality.
Like our previous piece on high-end watches, the right handbag can be used as a statement of status where you can align with specific brands and designers.
Collectors eyeing a new purchase will start by building their understanding of what the going rate is for their desired piece. Like many different types of investment, prices can fluctuate up and down. Some of the specialist online platforms like Rebag, Fashionphile, and Cudoni are good places to see the prices people are paying for specific bags and designers in real-time. If a deal seems too good to be true, then you’re best to steer clear
Determining the value of a handbag
Like any investment item, collectors are likely to have undertaken a valuation to ensure they’re in possession of a well-kept bag.
If you were to bring a luxury handbag for a proper assessment, the areas that would be examined would include the following:
• The condition of the internal fabric
• The condition of the leather
• Hardware/buckles and metalwork condition
• Stitching, seams, and any relevant thread work
• Scarcity of the style/demand for the bag
• Level of craftmanship
• If the bag has relevant receipts and authenticators
A professional will evaluate all these elements together, using them as a guide when working on assigning a value for a specific bag.