When it comes to investing in a luxury handbag, of course it’s important to find a style you really, really love. Equally important (and often overlooked) is educating yourself about which handbags hold their value and never go out of style. That exclusive Birkinfor example, is expected to double in value in the next 10 years. But that’s not the only bag worth scooping up. To give you a feel for the bags that are worth your money, we’ve called the experts at LePrix (the trusted online destination for pre-owned luxury) to splurge on the styles you need to try. “To get the most resale value for your investment bag, I have only one piece of advice: invest in the holy trinity – Chanel, Louis Vuitton and Hermès. While the value of luxury handbags can fluctuate due to trends or buzz, these three iconic brands are in certain styles have the highest resale value at LePrix,” the company told us. Keep scrolling to see more about the top bags you should buy.
“The resale value of Hermès depends on the style, the type of leather and hardware,” Le Prix tells us. “The power behind the Hermès brand is due to their limited quantities. This creates an unmatched level of scarcity and exclusivity that other brands have yet to achieve. While there is no such thing as an Hermès waiting list, there is is a certain waiting period for your dream Birkin or Kelly – depending on your relationship with your Hermès salesperson, the amount you’ve spent at Hermès over time, and sheer luck.
“Specifically, the Birkin is the most coveted handbag of all. On the arms of celebrities including Victoria Beckham, Alessandra Ambrosio, Kate Moss and the entire Kardashian-Jenner clan, this bag has grown exponentially in popularity. Birkins’ fervor surpasses both retail and resale .LePrix stylists are constantly searching for Birkins through our consignment store partners for our customers.Birkin bag prices range from $9,000 to $150,000 and can see resale prices up to $223,000.
“Most Birkins maintain or increase in value, again depending on leather, hardware and demand. If you happen to score the exclusive, highly sought-after black Birkin with gold hardware, or otherwise known among the fashion tribe as ‘the Holy Grail,’ this bag will pay you back in spades.
“Inspired by Grace Kelly, the Hermès Kelly bag also maintains or increases resale value,” says Le Prix. “The Kelly bag is a classic and happens to be a favorite of Miranda Kerr, Emma Watson, Sarah Jessica Parker, Rosamund Pike, Beyoncé, Karlie Kloss and again the Kardashian-Jenners.”
“While Birkin recently gained buzz for striking S&P 500this is not only handbag that has outperformed the S&P 500,” says Le Prix. “Ten years ago, I bought my first Chanel medium flap in caviar leather for $1,600. The same exact bag now retails for $4900. That’s a return of 206% (not adjusted for inflation). Whereas the S&P’s total nominal return over the last decade was 49% (not adjusted for inflation). The resale value of this bag also maintains or increases depending on the leather and hardware. It’s also a constant favorite with Alexa Chung, Rita Ora, Demi Lovato, Rosie Huntington-Whiteley and Lauren Conrad.”
“Another bag to consider for investment is the Chanel Boy Bag,” says Le Prix. “Although the Boy Bag is fairly new, introduced in 2011, it is now a mainstay, joining the ranks of classic flappers and reissue flappers. Five years ago, this bag started at $2500. Today, the Chanel Boy Bag starts at $5100 . It typically retains at least 90% of its resale value. You can find this bag on celebs like Jessica Biel, Leigh Lezark, Bella Thorne and Taraji P. Henson.”
“The Neverfull continues to be one of our fastest-selling handbags at LePrix, and there’s a reason for that,” says Le Prix. “While certain reports from the fashion industry dictate that there is a decline in the category of handbags for other brands, the Louis Vuitton Neverfull remains popular due to periodic price increases and high demand. The Neverfull is one of Louis Vuitton’s most successful bags ever, which comes in endless material options as well as limited editions and special artist collaborations.It has been worn by A-listers such as Sofía Vergara, Cara Delevingne, Diane Kruger and Reese Witherspoon.It retains at least 85% of its resale value unless it is a rare bag in limited editions, which can fetch up to twice the resale value.”
This post was originally published at an earlier time and has since been updated.