Is luxury handbag a good investment with returns in mind?

As any 28-year-old advertising and digital marketing professional, many have a penchant for luxury goods, especially handbags. While I have multiple investments for my future and savings, I can’t deny the allure of owning a beautifully crafted bag. However, the question that often arises is whether luxury bags are a sound investment strategy or simply a delightful indulgence.

Are Luxury Bags a Good Investment? Bags, much unlike any other consumer goods, tend to appreciate over time. There is no exception to this rule and perhaps the iconic Birkin and Kelly bags from Hermes, do so the most. Other designer brands like Chanel, Louis Vuitton, and YSL do hold their value relatively well, but it’s important to note that sometimes the profit is even 100 %. Yes the price doubles at times. The loved bag selling sites are a living proof of that.

Buy What You Love: Rather than viewing luxury bags as purely investment opportunities, it’s crucial to buy bags that resonate with your personal style and bring you joy. Focusing on “subtle hints of wealth” may not be the best approach. After all, a bag should be an expression of your taste, not a status symbol.

Diversify Your Collection: While you may already own a Coach and an LV Verona tote, exploring brands like YSL, Chanel, and Chloe could be a great addition to your collection. Each brand brings its own unique aesthetic, and diversifying your collection can add versatility to your wardrobe.

Learning More About Leather Goods: For those interested in delving deeper into the world of leather goods, there are numerous resources available. Websites like LuxeTruc Community offer valuable insights, reviews, and discussions on various designer bags. These platforms can be a treasure trove of information for enthusiasts.

Expectations on Returns: It’s important to set realistic expectations when it comes to potential returns on luxury bags. While brands like Chanel and LV may see a great increase in value over time, it’s essential to remember that they are not on par with traditional investments like stocks or real estate. Enjoy your bags for their craftsmanship and beauty, rather than purely as financial assets.

Conclusion: In the end, the decision to invest in luxury bags should be driven by a genuine love for these pieces of art. While they may not provide the same financial returns as other investments, the joy they bring and the confidence they instill are invaluable. So, indulge in your passion, curate a collection that speaks to you, and wear your bags with pride.