Though many may find it a tad excessive to dole out thousands of dollars for a designer bag, the surging popularity of the luxury resale market offers an astute rejoinder: the right designer handbag can offer incredible returns in the future.
Whether you’re an avid bag collector or someone who simply wants to dip your toes into the world of “designer investments”, cherry-picking the right handbag – one that’s highly coveted and will predictably hold relevance in the future zeitgeist, may be a lucrative investment to consider.
According to The Knight Frank Luxury Investment Index, designer handbags have become the most profitable luxury investment; the value of designer handbags have risen by 13 per cent over 12 months.
Key bags from mainstay brands such as Hermes, Chanel and Louis Vuitton have sustained a valuation increase of an average of 83 per cent in the last decade. According to the report, a rare Hermes handbag can even be a better investment than the artwork of a “long-expired painter”.
So how do you score the “right” luxury collectibles? Here are seven tips to help in your hunt for a designer arm candy that’ll only increase in value in time to come.
Street Style Photos Showbit.com Vintage Photo Mak Kian Seng/The Straits Times
This article first appeared in Her World.