According to Forbes, handbags can be just as much an investment as art, classic cars, and stocks - sometimes even better. Bags by fashion houses like Hermès, Dior, and Chanel bags have drastically increased in retail value over the last few years and are projected to keep increasing.
The right handbag is an investment, not a splurge. You can treat yourself to the world of luxury fashion without jeopardizing your financial wellness. By definition, no one has to buy things to experience luxury. However, if you want to you need to understand the world of luxury bags so you can make a purchase decision from an educated stance.
Here are five things to keep in mind as you shop:
Luxury doesn't mean well-known designer or expensive, it means quality and craftsmanship 💎
Plan your purchase logically considering how you will wear it so you get the highest ROI 🤔
There is no shame in the second-hand game with amazing platforms like The RealReal and Rebag who manage proof of origin for you ♻️
You should take a look at the bag in person before making the purchase. You may even rent the prospective bag using services like Viverelle 📅
Avoid hyper-trendy pieces, but feel free to give in to limited-edition collaborations or decade-defining pieces, especially if they feel meaningful to you 💖
You CAN make informed luxury purchase decisions that will bring you joy and satisfaction for years to come.
✨ Remember, bag maintenance is key so use dust bags, take advantage of complimentary cleaning services, and pick up easy-to-use leather care products.
☎️ If you’re considering a handbag investment, book a chat with me!
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