When you purchase a new handbag or scarf, you are likely choosing that piece based on aesthetics. Is the bag made of attractive, quality materials? Does the scarf accent your favorite outfit? Does the piece of jewelry feature your favorite gemstone? While these are legitimate reasons for choosing to purchase, you might also wish to determine whether that piece is a good value. These five luxury accessories have proven to hold, or even gain, value over time. You can be assured that buying one of these items is a good investment.
The Hermès Birkin
The Hermes Birkin is a handbag favored by celebrities and socialites for its good looks, elegant construction, and exclusive nature. The power behind the Birkin bag’s resale value lies in this last characteristic. Because Hermes produces these bags in such limited quantities, each release has built-in exclusivity. This scarcity leads to a higher demand, which helps the bags retain or even gain value over time. Learn more about the famous Hermes Birkin bag here.
The Chanel Classic Flap Bag
Vintage Chanel bags are another luxury accessory that gain value over time. Chanel’s iconic Flap Bag has consistently outperformed the S&P 500, making it a solid investment. Purchasing one of these classic handbags not only provides you with a timeless accessory, but can earn you some decent resale money if you choose to sell. While the exact value of a Chanel Flap Bag depends on the bag’s leather and hardware, these bags are usually a good investment. Read more about the iconic Chanel Flap Bag.
The Louis Vuitton Neverfull
The final high value handbag on our list is the Louis Vuitton Neverfull bag. Another classic handbag, this bag is one of Louis Vuitton’s most popular accessories. Standard Neverfull bags retain most of their value over time, but a rare special edition bag can actually double in value. So keep your Neverfull in good condition to see the best return on your investment.
Cartier Love Bracelet
Jewelry is not always a good investment. The value of precious stones and metals fluctuates over the years, so it can be difficult to predict whether a piece’s value will hold up. Cartier’s iconic Love Bracelet is as popular now as it was when it was released in the late 1960s. The original bracelet sold for just $250. New Love Bracelets cost upwards of $6600, and vintage versions often sell for this same amount. That is an incredible increase in value!
The value of a Hermes scarf is often determined by the scarcity of that particular printing. Hermes tends to reprint old designs in new color stories, which can make accurate valuations difficult. However, if you have a limited edition scarf in good condition, that piece is likely to gain value over the years. Learn more about how Hermes Scarves are made.
So, tell us, which of these pieces do feel is the best investment? Let us know in the comments below!