Luxury handbags truly combine fashion with utility. Read on to discover the top luxury handbag brands to invest in right nowhere.
We love our handbags. So much so, that the handbag industry brought in an impressive $47 billion in 2018.
That number is also projected to grow, due to factors like the rising women’s workforce and brand awareness. The increased usage of luxury handbag brands is expected to remain a trend in the coming years.
So, it’s time for you to invest in your own beautiful handbag—but which is worth your money? Will they provide more than just style, but a return on investment, too?
Here are five bags we’re loving.
1. Louis Vuitton
In the first half of 2019, the organic sale of LV bags rose by an astounding 18 percent.
The 165-year-old brand is by no means falling out of popularity, thanks in large part to Gen Z shoppers. Still, the brand holds its value across the board.
Thanks to a recent collaboration with Supreme, some bags have an astonishing resale value. One item, in particular, the Supreme X Louis Vuitton trunk, has a retail value of $75,000.–Yet, if their prices at a retail merchant are not precisely what you’re looking for, you can also check what the same models preowned have to offer.
These models have no lack of quality; on the contrary, you will be surprised and think twice before declining them. You better prepare a search on where to buy used designer bags to get a model that suits the occasion.
2. Yves Saint Laurent
You’ve seen it before—the stacked YSL monogram on the many women’s bags by Saint Laurent. This symbol is super iconic on the runways, in the hands of celebrities, and even with your average handbag collector.
Smaller sizes will run you in the $1,500+ range, while larger handbags cost upwards of $2,000. YSL provides a variety of shapes, sizes, colors, and designs.
3. By Far
By Far is slowly but surely making a name for itself in the world of luxury handbag brands.
Luckily for more savvy shoppers, the label is perhaps the most affordable on this list, allowing you to dip your toes into designer names without spending thousands.
Some bags are as low as the $200 range, while others go upwards of $500. Still, this proves to be quite affordable compared with other name brands.
However, quality is not compromised, as By Far bags are made of genuine leather.
If you’re looking for an investment, Chanel proves to be just that.
Take the 2.55 bag, for example.
A 2017 report from Baghunter revealed that in the six years prior, the Chanel 2.55 bag increased in value by an astounding 70%!
Here’s a brief timeline of its growth:
- Launched in 1955 for $220
- Hit $1,150 retail price by the 90s
- Today, it costs $4,900
The study also found that other Chanel bags had similar value increases, so if the 2.55 isn’t your style, look into the many others.
For another worthwhile investment, Hermes seems to increase in value, too. The same Baghunter report that studied Chanel also studied Hermes and found similar findings.
The Birkin bag, in particular, had a value increase of 500% in the last 35 years. The reason for this price growth is much more demand than supply. The value of these bags is expected to double in the next decade.
Historically, Hermes is a safer investment than the stock market. Take that, Wall Street!
Which of These Luxury Handbag Brands Is Your Favorite?
We know that’s a tough question! The more you dive into these beauties, curated and created by artists, the harder it is to decide on one.
Luxury handbag brands are luxury for a reason. They’re stylish, durable, and timeless. Get yours today, and see yourself using it years from now.
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