Luxury, expensive purses are now the best-performing class of investments, and not just for the fashion inclined. According to new data from Art Market Research, luxury handbags are now bringing phenomenal ROI— even better than traditional investments like classic cars, fine art, and rare whiskey.
Here’s a quick look at the numbers:
- Luxury purses from Louis Vuitton, Hermès, and Chanel have received an average 83% valuation spike in the last ten years.
- In 2016, a Himalaya Birkin with 18k white gold and diamond hardware was sold for $300,168, a record-breaking auction price.
- Even during the COVID-19 lockdown, Christie’s, the famed auction house, raised $1.67 million during its most recent sold-out designer handbag sale.
Clearly, supply and demand are on the side of designer purses for the foreseeable future.
Top Luxury Purses You Should Invest In
Because luxury handbags fetch a pretty penny, you want to make sure you’re making the right choice. The following are worth the hype and the investment:
The Hermès Birkin
The Birkin line is one of the most sought-after line of purses on earth. It’s routinely seen in the arms of the world’s biggest celebrities such as the whole Kardashian-Jenner Clan, Victoria Beckham, and supermodel Kate Moss.
Birkin bag retail prices hit staggering amounts anywhere from $9000 to $150,000. Resale prices are even more amazing, reaching figures of up to $223,000 or more.
It also got massive buzz for outperforming the S&P recently. If there’s one luxury purse you should invest in, it should definitely the Birkin.
The Chanel Classic Flap Bag
On average, a Chanel medium flap in caviar leather that cost $1600 10 years ago now retails at $4900. That’s a whopping 206% ROI. Compare that to the S&P 500, which only registered a 49% total nominal return in the last decade.
The Hermès Kelly
Inspired by the legendary Grace Kelly, the Hermès Kelly never goes down in value, and only grows in resale value over time. It’s a classic and beloved among big names like Beyonce, Miranda Kerr, Sarah Jessica Parker, and many other world-famous A-listers.
The Louis Vuitton Neverfull
This is one of the fastest-selling luxury purses ever, and one of Louis Vuitton’s all-time highest selling bags. The basic Neverfulls retain 85% of their resale value at the minimum. Limited edition ones, such as those created by special artist collaborations, often see double the resale value or more.
The Chanel Boy Bag
Compared to the others on this list, the Boy Bag was only introduced in 2011, which makes it fairly new. Since then, it has become one of the most popular purses at Chanel. In terms of investment, the bag started at around $2500, but Boy Bag process now begin at $5100 and continue to rise. The Chanel Boy Bag retails 90% of its retail value at the minimum.
Other Great Purse Investments
Aside from Chanel, Hermes, and Louis Vuitton, these designer purses from these brands also make for fantastic investments:
- Dior
- Dolce & Gabbana
- Fendi
- Prada
- Bottega Veneta
- Balenciaga
- Saint Laurent
Yes, Expensive Purses are Great Investments
Whether buying or selling and with their tremendous resale value, expensive purses are one of the best investments you can make today. Head over to Clark Pawners and you just might discover great investment finds!
