There’s nothing quite like buying a new handbag. The smell of new leather, the thrill of opening that box and the feeling of wearing it for the first time— nothing really compares. But when deciding on the perfect bag there can be much more to consider than just the basics. For many, a designer bag is a lifelong investment, and looking towards the future resale of the bag is of utmost importance. And like most things in life, not all bags are created equal. We’ve rounded up the bags that stand the test of time, and that are worth investing in if you’re looking for a long term, classic option.
As one of Céline’s most iconic and timeless styles, the Box Bag remains a firm favourite for re-sale value. Despite an expensive initial purchase (they sell for $5,400 in Australia), they’re hard to come by once used as they tend to sell out immediately. Plus, with Phoebe Philo’s departure from the brand, Philo-era Céline will only become more timeless—and expensive.
Perhaps the most famous of investment designer bags, the Hermés Birkin is a sure bet for guaranteeing great resale value. Expertly crafted and known for their celebrity owners (hello, Kris Jenner owns a whole cupboard full), the Birkin can fetch anywhere between 80 and 100 per cent of the original value on resale. Plus, owning a Birkin might just be the biggest fashion status symbol, well, ever.
As one of the cheaper entries into the Louis Vuitton stable, the Neverfull manages to sell again and again. Retaining up to 85 per cent of its price once bought, the Neverfull’s logo print material and tote bag style continues to be the perfect combination for travelling or work. A trusty (and handy!) investment. Keep your eye out on eBay, as they can often be spotted hiding there.
With the name classic in the name, you know it’s got to be good. Famous for a reason, Chanel’s tried-and-tested Flap bag is a surefire investment piece. As studies have found, a Chanel bag is a better investment than a house, reselling up to 70 per cent per year—a much better percentage than most other investments.
With an understated style that only gets better over time, the Chanel 2.55 is an investment piece if we ever saw one. Coming in a range of colourways and fabrics, plus complete with a timeless gold chain, the 2.55 has proven a bestseller since its inception in 1955 (hence, the .55). Reselling at more than 50 per cent of their original value on bags more than a few year’s old, the 2.55 is a surefire investment piece.
Gucci’s reign continues to be supreme, with resale value on Gucci clothes, bags and shoes staying at a steady rate. One of the most popular Gucci items, the humble Soho handbag, is one of the most popular, and can retain up to 80 per cent of its retail value in resale. A firm fan favourite, the Soho is a good buy if you want to resell within a few years—as the style is rather new there’s no firm data on how it will perform in the future, but if Gucci’s reputation is anything to go by, it’s going to be successful.