Here are expert tips for long-term investing in fashion, from iconic bags from established brands like CHANEL, Dior or Hermès, to diversifying with Rolex or Patek Philip...

<div data-v-3ea23604="">
 Did you know, in the last decade alone, <span data-v-03dbdbc7="" data-v-e5d603e4="" class="generic-article__body article-details-type--a content--a" title="" target="_self" data-entity-uuid="968737a5-edfe-42aa-8b73-7df1a88b0119" data-entity-type="node" data-entity-bundle="article">the price of a <a href="https://www.lofficielibiza.com/fashion/the-new-chanel-22-bag-photo-campaign" target="_blank" rel="noopener">Chanel </a>Classic bag has increased by 100%, making it a sought-after item not only for fashionistas but also investors?
 <span style="background-color: transparent; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit; letter-spacing: 0px;">Or according to <a href="https://www.lofficielibiza.com/music/freddie-mercury-sothebys-auction-private-collection" target="_blank" rel="noopener">Sotheby'</a>s, the Chanel Flap Bag is 10 times more expensive today than it was in the 1990s. In fact, the value of a bag has increased by 50% between 2020 and 2022, according to Fashionista, and then increased. 16% more since last year. Its price increase has outperformed both the stock markets and gold, and shows no signs of slowing down. <span style="background-color: transparent; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit; letter-spacing: 0px;">&nbsp; <span style="background-color: transparent; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit; letter-spacing: 0px;">And not only CHANEL, many other designer handbags, jewellery and <a href="https://www.lofficielibiza.com/hommes/watches-and-wonders-2023-the-prestigious-watchmaking-fair-opens-today" target="_blank" rel="noopener">watches</a> are also increasing in price over time.
</div>

The value of the Chanel Flap Bag has increased by 16% since 2022

So, the question is should we invest in luxury bags? Let's find out the following tips from investors!
<blockquote>
 <span data-v-03dbdbc7="" data-v-e5d603e4="" class="generic-article__body article-details-type--a content--a" title="" target="_self" data-entity-uuid="e8e1c7e1-b0ea-4919-93b5-66f31b4c7a3f" data-entity-type="node" data-entity-bundle="article">"The answer is "No." As soon as an item is used, its value starts to drop immediately. Even if you don't touch them and keep them the same, the price of a bag still remains. May be affected by changes in fashion trends, consumer preferences and the state of the economy.&rdquo; - Thomas Kralow, professional investor &amp; financial market expert said.
</blockquote>

<div data-v-3ea23604=""> Kralow added: “The luxury bag market is highly speculative and can be volatile, so unless you have a highly coveted product made by an established brand, it&#39;s not a good idea to be predictable. Whether it will retain its value over time is impossible.” </div><div data-v-3ea23604=""> But this expert also said that things are also gradually changing as the established brands have started to increase prices significantly. &quot;A higher price means less of the item is sold, and over time this scarcity has pushed the price up further.&quot;</div>

Luxury bags can be a great investment, but it really depends on the brand and product features

Over the past decade, if the stock market is up 10% and gold is up 21%, a CHANEL bag can go up to 100%, even after the brand has swapped out the 24-carat gold bag buckle for a replacement. replaced by a cheaper material. In 2005, if one of CHANEL's classic bags cost around $1,650, today they could be worth more than $10,000!
Actress Christina Ricci recently sold her own CHANEL bag collection for a divorce, showing that bag buyers are using her luxuries as a headpiece. Investment, far beyond the applicability of an accessory.
<div data-v-3ea23604="">
 And it's not just CHANEL, in 2000, if you could buy a <a href="https://www.lofficielibiza.com/fashion/hermes-woman-show-autumn-winter-2023-paris-collection-photo-look-video" target="_blank" rel="noopener">Herm&egrave;s</a> for $4,000, now you'll have to spend more than $11,000 to own this bag. So, according to Kralow, luxury bags can be a great investment, but it really depends on the brand and product.
</div>

So what are some of the tips this investor gives?
1. Choose a staple that is timeless in nature. For example, the <a href="https://www.lofficielibiza.com/hommes/dior-men-and-birkenstock-unite-for-an-exciting-collaboration" target="_blank" rel="noopener">Dior </a>&nbsp;Saddle Bag&nbsp;comes in once every 20 years, while the classic Chanel Flap Bag never goes out of style. If you invest in a trendy piece, chances are you won't sell it for years, if not decades.
2. Super limited edition luxury items can still increase in value. Take for example the Himalaya Birkin, <span data-v-03dbdbc7="" data-v-e5d603e4="" class="generic-article__body article-details-type--a content--a" title="" target="_self" data-entity-uuid="ac5c6058-ad69-4c93-b7ac-ce30d97e5e4a" data-entity-type="node" data-entity-bundle="article">one of the most expensive bags of all time that sold at auction for more than $440,000, similar to the Ombr&eacute; Birkin. However, you must accept prepayment to be able to own these bags.
3. Stick to neutral designs and colours, as these are always popular. This is a safe and low-risk bet, you also know a particular color or pattern can quickly go out of fashion and make it harder than ever to sell what you thought was an investment. run out of.
4. Preserve the original certificate and packaging to prove the legitimacy of the item for resale.

5. Be honest with your budget and buy items you can afford, even if you're sure you can make a fortune reselling them. &ldquo;Handbags are a consumable item, and even the price of a CHANEL bag doesn&rsquo;t always increase exponentially,&rdquo; says Kralow. 
6. In addition to handbags, consider investing in other luxury accessories like jewellery and watches. Brands like <span data-v-03dbdbc7="" data-v-e5d603e4="" class="generic-article__body article-details-type--a content--a" title="" target="_self" data-entity-uuid="3b169be9-4a73-48e4-be28-b0bac97cc2d7" data-entity-type="node" data-entity-bundle="article">Rolex and Patek Philippe are also constantly increasing in value, but be prepared to spend at least $7,000 to $10,000 if you can afford it.
7. Luxury bags should never be a major financial investment. They are a great alternative to stocks and bonds, but ideally handbags should only be part of a diversified portfolio and help you broaden your investment preferences.

From CHANEL to Hermès: Are luxury bags really a good investment?

Tags

Related Articles

Fashion

The new Chanel 22 bag with Lily Rose Depp, Margareth Qualley and Whitney Peak

Fashion

The Summer Bag You Should Own Based on Your Zodiac Sign

Fashion

8 Must-Have Sustainable Bags to Invest in

Recommended posts for you

Ibiza

Arkadyan Rhythm

Fashion

Style Olympics: Who is dressing who in Paris 2024

Culture

Who was seen at the prelude party to the Olympic Games?

Fashion

Gen Z: Fashion Obsessions and Must-See Trends

Design

About Andrés Anza, the winner of the LOEWE FOUNDATION Craft Prize 2024

Ibiza

WARRIOR princesses

Ibiza

An Oasis of Chic

Art

Mary Rozell on the future of UBS’s collection and Art Basel