Case in point: The rare matte white Himalaya Niloticus Crocodile Retourne Kelly 25 with palladium hardware set an auction world record at the Christie’s Handbags & Accessories Autumn Auction on Nov 27 in Hong Kong for US$437,330 (S$585,000). That amount was over four times above the pre-sale high estimate of US$103,663 (S$139,000).
This rare Hermes Kelly bag fetched an amount that was over four times above the pre-sale high estimate during a recent Christie’s auction in Hong Kong.
A bag’s potential resale value is not solely based on whether it has an exclusive design or not. The Luxury Handbag Report 2020 points out that the item’s condition will also determine its selling price in the resale market; in other words, you’ll want to make sure that your precious bags are well maintained and free of scuffs or damage.
To find out which designer bags have the best resale prices, we went online and looked at resellers’ platforms, as well as the Comprehensive Luxury Appraisal Index for Resale Report (CLAIRE) which was released by the US luxury bags and accessories resale store Rebag, last month.
From the data that they’ve collected, the company calculated the retained value ratio of luxury items by dividing the respective market values in the resale scene by the retail prices. “The higher the ratio, the higher the desirability of the item in the resale market,” explained the CEO of Rebag, Charles Gora.
So, which bags have the potential of having the best resale values? Keep reading to find out.