When luxury handbag reseller Baghunter.com released their research study on the investment value of the Hermes Birkin bag, TIME magazine came out with an eye-catching headline, ‘Why the Hermes Birkin Bag is a Better Investment Than Gold.’ Indeed, the Baghunter study revealed that compared to the worth of the S&P 500 and gold, Birkin bags were not only a less volatile market in which to invest, but that the Birkin bag also a purchase that would likely continue to increase in value over time. This article claimed that this bag, named after the model Jane Birkin, had a value increase of over 500% in the last 35 years, and the value was projected to continue to increase in the next 10 years. While it isn’t advisable to take a handbag resale website’s financial advice when it tell you to buy a handbag, this study got our attention.
Now, Baghunter.com released a new study on the investment value of Chanel handbags, finding them to be similarly good investment pieces. The new article, ‘Chanel Bag Values Research Study’, focused on the timeless Medium Classic Flap Bag and its rise in value over the course of the last 60 years.
The oldest handbag in Chanel’s collection, the Medium Classic Flap Bag sold for $220 when it was released in 1955; by 1990 it sold for $1,150. The next ten years saw the greatest increase in value, however, with the price of the bag in May of 2016 resting at the lofty price of $4,900. Nearly $3,000 of the current value of the bag is not due to the falling value of money, but rather its growing value among consumers.
In light of these recent studies, we decided to take a look at the bags we think make the best investment pieces, from the classic Hermes Birkin to newer bags that earn their value through their versatility and durability.
The Hermes Birkin Bag
Released in 1984, this classic and famously exclusive “it” bag has long been a favorite of collectors and celebrities alike. Victoria Beckham and Kate Moss are just two of the celebs who frequently wear their Birkins on their arms.
The Hermes Kelly Bag
Like the previous Hermes handbag, the Kelly bag is another timeless fashion staple. Who What Wear claims that like the Birkin, the Kelly can be expected to retain or increase in retail value over the years. Named for Grace Kelly, this design still sees the limelight quite frequently, as it is a favorite of Sarah Jessica Parker, Miranda Kerr, and Beyoncé.
The Chanel Medium Classic Flap Bag
As the Baghunter article claims, the value of this handbag outperformed the S&P 500 in the last 6 years. It is a favorite of celebrities such as Paris Hilton, Kim Kardashian, and Karlie Kloss.
The Chanel Boy Bag
A newer design than the Medium Classic Flap Bag, the Chanel Boy Bag was first released in 2011. According to Who What Wear, this bag only cost $2,500 five years ago. Today, it cashes in at a cool $5,100. In addition to a significant increase in price value, this bag also boasts an impressive celebrity following including Bella Thorne, Miley Cyrus, and Hilary Duff.
The Louis Vuitton Neverfull Tote
While the Louis Vuitton Neverfull Tote hasn’t yet been declared an investment piece, it has certainly proven its worth. This tote bag is durable, versatile, and comes in tons of interesting variations to fit any style. Best of all, it is completely reversible for times when the monogram pattern just isn’t right. Like the other bags on this list, the demand for the Neverfull Tote has remained high over the years, making it a likely investment piece for both your closet and your bank account.
The Celine Mini Luggage
Created in 2010, the Celine Mini Luggage Handbag quickly skyrocketed to the top of every wish list and became the “must have” bag of the time. However, even after newer designs took the ephemeral spotlight, this handbag has continued to be seen in regular rotation in the closets of many of the best-dressed celebrities in Hollywood. Versatile and roomy, this design has been spotted on the arms of Gwyneth Paltrow, Kate Upton, and even Oprah.
The Longchamp Le Pliage Bag
When the world spotted Kate Middleton with her Longchamp Le Pliage bag, this design began to fly off of shelves. However, it’s this bag’s extremely durable material and simple, timeless design that makes us think that it will be sticking around. Celebrities such as Amy Adams and Alexa Chung seem to agree.
Written by Kathryne Dickie