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5 Tips for Investing in Luxury Designer Handbags

  • Staff
  • Jan 17, 2023
  • 2 min read

When it comes to luxury fashion, designer handbags are a must-have accessory for many individuals. But with prices ranging from $1,500 to $50,000, it's important to know what you're getting into before making a purchase.





Here are 5 tips to help you invest in a designer handbag that will stand the test of time:

  1. Research, research, research! Before you buy, do your due diligence. Look up the designer, read reviews, and compare prices. Check out YouTube videos of unboxings and reviews of the specific bag you're considering. You can also check out online communities like the Purseforum for insider information.

  2. Consider the bag's functionality. Will it hold everything you need it to? Is the strap adjustable? Is the bag durable? These are all important factors to consider before making a purchase.

  3. Invest in a classic design. While it may be tempting to go for the latest "it" bag, remember that trends come and go. Classic designs like the Hermes Birkin or the Louis Vuitton Neverfull have stood the test of time and will likely continue to do so.

  4. Look for the best deal. Many designer handbags go on sale, especially during end-of-season sales. Keep an eye out for discounts and deals to get the best price.

  5. Keep the resale value in mind. If you're considering reselling the bag in the future, make sure to choose a design that has a strong resale value. Brands like Hermes and Chanel tend to hold their value better than others.

Investing in a luxury designer handbag is a big decision, but with the right research and a little bit of patience, you can find the perfect bag that will stand the test of time.


 
 
 

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Legal Disclaimer: We are not  licensed financial advisors. We offer education, not prescriptive advice. The information that is found here are our opinions and should be taken as such. Some content may contain affiliate links or sponsored content. Any views or opinions represented in this podcast are personal and belong solely to the podcast creator and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated.

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