Obviously, when it comes to investing in a luxury handbag, finding a style that you really, really love is crucial. Just as important (and often overlooked) is to find out which handbags will keep their value and never go out of style. The exclusive Birkin, for example, is expected to double over the next 10 years. But that's not the only bag worth scooping up. To give you a taste of the bags worth your money, we reached out to Elise Whang and Emily Erkel, the founders of LePrix (the trusted online destination for used luxury) to discover the styles you are trying out have to. “To get the most resale value from your investment bag, I have just one piece of advice: Invest in the Holy Trinity – Chanel, Louis Vuitton and Hermès. While the value of luxury handbags can fluctuate based on trends or enthusiasm, these three iconic brands can in certain Styles have the highest resale value at LePrix, "said Dang. Keep scrolling to find out more about the top bags that you should buy.
"Hermès' resale value depends on the style, type of leather and hardware," says Dang. "The power behind the Hermès brand stems from their limited quantities. This creates an unprecedented level of scarcity and exclusivity that other brands have yet to match. While there is no waiting list for Hermès, there is some waiting time for your dream Birkin or Kelly – depending on your relationship with your Hermès salesman, the amount of money you have spent at Hermès over a long period of time, and sheer luck.
"The Birkin is specifically the most sought-after handbag of all. In the arms of celebrities like Victoria Beckham, Alessandra Ambrosio, Kate Moss and the entire Kardashian-Jenner clan, this bag has grown exponentially. The passion for Birkins extends beyond borders Both Retail and Resale – LePrix stylists are constantly searching for Birkins for our customers through our consignment boutique partners. Retail prices for Birkin bags range from $ 9,000 to $ 150,000 and can show resale prices up to $ 223,000.
"Most birkins keep or increase in value, again depending on leather, hardware and demand. If you happen to score the exclusive, coveted black birkin with gold hardware or otherwise known as" the holy grail "among the fashion tribe, this bag will get you Pay back in spades. "
"Inspired by Grace Kelly, the Hermès Kelly bag also maintains or increases resale value," says Dang. "The Kelly bag is a classic and happens to be a favorite for Miranda Kerr, Emma Watson, Sarah Jessica Parker, Rosamund Pike, Beyoncé, Karlie Kloss, and again the Kardashian-Jenners."
"While the Birkin was recently thrilled to beat the S&P 500, this isn't the only handbag to outperform the S&P 500," shares Dang. "Ten years ago I bought my first medium-sized caviar leather Chanel flap for $ 1,600. The same exact bag now costs $ 4,900. That's a return of 206% (not adjusted for inflation). During the past decade, the S&P – Total nominal return was 49% (not adjusted for inflation). The resale value of this bag will hold or increase depending on the leather and hardware. It is also a constant favorite of Alexa Chung, Rita Ora, Demi Lovato, Rosie Huntington-Whiteley and Lauren Conrad . "
"Another bag to consider for an investment is the Chanel Boy Bag," says Dang. “While the boy bag is fairly new, launched in 2011, it's now a mainstay and one of the classic flaps and reissue flaps. Five years ago this bag started at $ 2500. Today, the Chanel Boy Bag starts at $ 5100. Dollar retains at least 90% of its resale value. You can find this bag at celebrities like Jessica Biel, Leigh Lezark, Bella Thorne and Taraji P. Henson. "
"The Neverfull continues to be one of our fastest-selling handbags at LePrix, and there is a reason for it," says Dang. "While certain fashion industry reports dictate that the tote bag category for other brands is in decline, the Louis Vuitton Neverfull continues to be popular due to regular price increases and high demand. The Neverfull is one of the most successful bags of all time by Louis Vuitton. Worn by listeners such as Sofía Vergara, Cara Delevingne, Diane Kruger and Reese Witherspoon. It retains at least 85% of its resale value unless it does a rare limited edition bag that exceeds twice the resale value. "
Next up: 22 relatively affordable items that I would buy from designer brands
This post was originally published earlier and has been updated since then.