Home House of Assets Diving into the world of collectible luxury bag’s value and resale potential

Diving into the world of collectible luxury bag’s value and resale potential

26 Apr, 2024 House of Assets

Are you eyeing up that exquisite designer bag and wondering if it’s truly worth the splurge? In the realm of luxury bags, understanding their collectible value is crucial. So join House of Assets, as we delve into the world of luxury bags, exploring their value and resale potential to make informed decisions on your next designer purchase. 

Luxury bags have always been more than just accessories; they’re symbols of elegance, craftsmanship, and status. From iconic classics to avant-garde creations, designer bags captivate fashion enthusiasts worldwide. Whether it’s a timeless Chanel flap bag or a coveted Louis Vuitton Speedy, these exude luxury and sophistication, even if they are just kept hidden in your wardrobe. 

What sets luxury bags apart is not just their price tag but the meticulous craftsmanship, premium materials, and heritage behind each piece. Much like cars, each bag has it’s own story to tell. Unlike fast-fashion, designer bags are built to stand the test of time, both in terms of style and durability. Acquiring a luxury bag means owning a piece of fashion history that transcends through the changing seasons and trends, ensuring it is definitely a worthwhile collectible piece! 

One of the most remarkable aspects of luxury bags is their resale value. Unlike other fashion items that depreciate rapidly, designer bags often retain or even increase in value over time. For example, Hermès. Chanel and Louis Vuitton are top-performing brands when it comes to resale value, ranging from an average of 114% – to 136% value in 2023. That’s why savvy fashion enthusiasts have tapped into this market, buying and selling pre-owned designer bags to fund their next luxury purchase. Websites and platforms dedicated to pre-loved luxury bags, or even brand new bags hot off the press, like us at House of Assets, will be a lucrative marketplace for both buyers and sellers, so it’s worth checking us out!

While luxury bags come with hefty price tags, there are always opportunities to score great deals, especially during designer handbag sales. Many high-end retailers and online platforms can help you reap the rewards of seasonal discounts and promotions of which our platform can certainly help you find the best and most exclusive deal. Once you get in contact with us, regarding your enquiry to help you source the bag of your dreams, we’ll keep a close eye out for these sale events to help you save a significant amount while still indulging in luxury. 

So if your eyes are on a rare designer bag but you’re struggling to source it, then pass the responsibility onto us! At House of Assets, we’re partnered with an accredited premium luxury buyer specialising in sourcing the rarest and most exclusive handbags, so no job is too difficult! Rather than teaching you how best to acquire these luxury bags, use our experts who have years of experience knowing every in and out of the classic Hermés Birkin or Gucci GG Marmont’s timeless design to look out for! 

Remember, luxury bags are not just fashion accessories but investments in style, quality, and prestige. So, while the initial investment cost may be breathtaking, remember the value and resale potential this can hold to empower you to make informed decisions and build a curated collection that stands the test of time. So go ahead and indulge in that designer clutch or branded tote because it’s more than just a purchase—it’s a piece of luxury history! 

If you’re ready to indulge, don’t hesitate to contact us!

Beth Macdonald

Bethany is a seasoned expert in tangible asset investment, renowned for her astute insights in the realms of art, fine wines, whiskey and classic cars. With over two decades of experience in the financial and luxury asset management sectors, and working for other auction houses/marketplaces, she has a deep understanding of the market sector and investment trading. Her passion for tangible asset investments started early in her career and she has keen eye for value and art.

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