You might find this difficult to believe but designer bags are good investment options. In fact, some research suggested that designer, classic and specially created limited edition handbags were better avenues than stock market. Stock market is very unpredictable. But the appeal of a luxury bag is forever. Some of the old classic, bags created by the iconic designers, still fetch a great price in the market.
When it comes to spending on extravagant handbags, it’s crucial to not only find a style you will really truly love but opt for a classic style that you know will be admired by people for years to come. Before buying an extremely expensive bag, learn all about classic designs, high-end brands, and specifications, that will help you understand the trends and gauge people’s reactions to particular hand bags. Some are famous for their hardware, while some are known for their designs and still more for their functionality. For example, Dior, Chanel etc. A Chanel 2.55 handbag still fetches more in the market than an equivalent amount invested in the stock market. This is the Chanel bag I would get.
Some classic handbags will hold their value and never go out of style. While very expensive and élite bags may even double in value in the next 10 years. The bags maintain the value or become more expensive depending on the material used, hardware, and demand. If you come across a designer bag with special designs, embellished with gold and precious stones then nothing should stop you from buying that. Even if you do not have money at that time, try to bargain, or put it on layaway, but buy you must. Do not think that you are splurging the money on a handbag. But understand that it is similar to investing in a great avenue. You can use it as long as you want and then sell it when you no longer want to keep it and that too at a handsome profit. But of course, you must be careful while using it.