In the world of fashion, trends come and go, but there is one accessory that has stood the test of time and is now taking centre stage in the wardrobes of fashion enthusiasts worldwide. Move over gold and diamonds, because handbags are the newest must-have item, not just as functional accessories but as statement pieces that define personal style and status.
Gone are the days when handbags were simply used to carry essentials. They have evolved into coveted fashion items that can elevate any outfit. In recent years, handbags have become investment pieces, akin to gold and diamond jewellery. Luxury designer handbags have seen significant appreciation in value, with some styles becoming iconic and highly sought after. Brands like Chanel, Hermès, Louis Vuitton, and Gucci have created handbags that have become symbols of wealth, taste, and exclusivity. Owning a desired designer handbag is not only a fashion statement but also a status symbol that denotes success and discerning style.
Handbags are like a part of who you are, and celebrities don’t mind spending big on them. Victoria Beckham is said to own a collection of bags worth $2 million, which includes a vintage Chanel quilted handbag, the Burgundy Birkin, Miss Sicily, and a gift from Dolce and Gabbana. Kim Kardashian has her own impressive collection with bags like the Louis Vuitton Miror Alma, Hermes Himalayan Birkin, the So Black Birkin, and the Dior Saddle Bag. Fendi’s Baguette has become an iconic status symbol and is carried by many famous people after going through some changes over the years.
Now, Why not consider investing in timeless classic handbags that can potentially offer better returns than the stock market and even outperform gold? The Hermes Kelly and Birkin, the Dior Saddlebag, and Bottega Veneta’s Cassette Bag are just a few examples of high-priced arm candies known for their craftsmanship and elegance, attracting envy from onlookers! According to Deloitte and Credit Suisse, the Hermès Birkin saw an average return of 38 percent in 2020, making it the luxury collectible with the highest returns. Despite a 16 percent price increase by Chanel in March 2023, it hasn’t scared off luxury handbag fans. Interestingly, a Dior saddle bag from the Galliano era purchased in the early 2000s would yield a 109 percent return on investment, and Forbes reports that, on average, the bag retained 89 percent of its value through 2022.
Another astonishing fact is that the Himalayan Birkin holds the record for the most expensive handbag ever sold at a European auction, fetching £162,500 at Christie’s London in June 2018. It features an 18-carat white gold, diamond-encrusted lock. Handbags have become iconic fashion pieces, inseparable from one’s personality, and with the current lucrative trends, everyone is investing in these symbolically prestigious and stylish accessories.
Handbags have undoubtedly become the newest wardrobe jewel, surpassing the traditional allure of gold and diamonds. With their versatility and ability to make a fashion statement, handbags have captured the hearts of fashion enthusiasts worldwide. As they continue to evolve in design, handbags are poised to remain an integral part of the fashion landscape for years to come.
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