Most things lose value once they leave the store. A few luxury handbags are an exception, and some even appreciate over time. Here is why.
1. Scarcity
Hermès produces its most sought-after bags, such as the Birkin and the Kelly, in limited quantities, and demand far exceeds supply. When a bag is hard to buy new, the pre-owned market becomes the fastest way to own one.
2. Craftsmanship
Handmade construction, exceptional leathers and quality hardware mean these bags last for decades. A well-kept bag can be enjoyed and still be desirable years later.
3. Enduring design
Icons such as the Birkin, the Kelly and the Chanel Classic Flap change very little over the years. They never go out of style, which keeps demand stable.
4. Price increases at retail
Luxury houses regularly raise their prices. As new prices go up, the value of existing pieces on the pre-owned market often follows.
What keeps value highest?
- Classic colors and popular sizes.
- Excellent condition, with box, dust bag and accessories.
- Rare leathers, colors or limited editions.
Past performance is never a guarantee of future value, so buy a piece first because you love it. Explore our Hermès and Chanel bags.