Price increases... It’s the subject we see mentioned SO often and always one which can have divisive opinions.
Whether you agree or disagree, one thing is certain - our favourite accessories only go one way!
Take for example the LV Speedy - this handbag has increased over 900% since the 1970’s.
Personally, when purchasing a new handbag first and foremost I must absolutely love it and envision myself using it lots - or for a particular occasion! With that being said, I would say I sway to ‘safe’ colours - this could be partly considering resale and partly because this is typically my style.
Where do you stand on this? We would absolutely love to know!
Are you team investment, team buy only what you love or perhaps a bit of both!?
Here are a few facts which may have you reconsidering your stance:
The Hermes Birkin Bag:
Is expected to double in value over the next 10 years
It’s increased in value by over 500% in the past 35 years
Historically a safer investment than the stock market
The Chanel Medium Classic has increased from $5,800 in 2019 to $10,400 in 2023 - a shocking increase of almost 80% in 4 years!
It’s a fact that a well cared for handbag will retain more of it’s value, which is why we would always recommend protecting your accessories.