Handbags are not just fashion accessories, they are investments.
In recent years, the resale market for luxury bags has surged, with certain styles and brands maintaining or even increasing their value over time.
If you’re a savvy shopper looking to invest in bags that hold (or grow) their worth, understanding which handbags have the highest resale value can make all the difference.
Here’s a look at five luxury handbags that are widely known for their impressive resale value, whether you plan to buy them for use or investment purposes.
1. Hermes Birkin
The Hermes Birkin is widely considered the holy grail of luxury handbags. Known for its craftsmanship, exclusivity, and timeless appeal, the Birkin is a symbol of status and luxury. It is meticulously handcrafted in France, often requiring over 18 hours of labour to complete one bag, which speaks volumes about its quality and the level of artistry involved.
Limited supply: Hermes only produces a limited number of Birkins each year, creating an artificial scarcity that drives demand in both primary and secondary markets.
High demand: The brand’s selective nature and the bag’s exclusivity have made the Birkin a highly coveted item, with waiting lists often stretching months or even years. The more elusive the bag, the higher its resale value.
Investment potential: Certain Birkins, particularly those made with rare materials like crocodile or ostrich leather, can fetch prices far above their original retail cost. Some even increase in value over time, with vintage bags fetching astronomical resale prices.
Resale value:
Depending on the model, material, and condition, Birkin bags can easily maintain or increase in value. For example, a classic Birkin in neutral colours like black or beige may fetch anywhere from $11,800 to $58,500 on the resale market, while rare versions can soar well beyond that
2. Chanel Classic Flap
The Chanel Classic Flap bag is an icon in the handbag world, and its status only grows over time. First introduced by Coco Chanel in 1955, it has maintained a coveted spot in luxury fashion. The bag’s timeless design, paired with Chanel’s strong brand heritage, makes it a favourite among fashion enthusiasts and collectors alike.
Timeless design: The Classic Flap bag’s elegant design and versatility have made it a wardrobe staple for many. Its structured shape and quilted leather add a level of sophistication that never goes out of style.
Price increases: Chanel is known for raising prices annually, which increases the bag’s resale value over time. If you purchase a Chanel Classic Flap Bag, the likelihood of it being worth more in a few years is high.
Iconic quilted leather: The bag’s signature quilted leather and gold or silver-tone hardware contribute to its enduring appeal. Collectors specifically seek bags in pristine condition or rare colourways.
Resale value:
Classic Chanel Flap Bags, especially those in black or beige, often resell for between $6,000 and $8,200, depending on the condition. However, limited-edition versions or vintage pieces can command even higher prices. As Chanel continues to raise retail prices, these bags often appreciate in value.
3. Louis Vuitton Neverfull
The Louis Vuitton Neverfull is a popular everyday bag that has become a staple for many handbag collectors. Known for its spacious interior and signature monogram canvas, the Neverfull has gained popularity for being both functional and fashionable.
Durability and practicality: The Neverfull’s sturdy design, lightweight construction, and versatile use make it a favourite among consumers, leading to a strong resale market.
Iconic monogram canvas: Louis Vuitton’s monogram canvas is instantly recognisable, making the Neverfull a sought-after item. The bag’s durability and long-lasting appeal contribute to its steady demand.
High resale demand: Unlike more seasonal or trendy bags, the Neverfull continues to be relevant due to its practicality, often remaining in demand in the resale market.
Resale value:
Though the Neverfull is more accessible than other luxury bags, its resale value is still impressive. On average, the Louis Vuitton Neverfull resells for between $1,200 and $2,500, depending on its condition and any special editions. Vintage or limited-edition Neverfull bags can fetch a higher resale price.
4. Gucci Dionysus
The ‘Gucci Dionysus’ bag, introduced in 2015, is one of the most iconic and modern pieces from Gucci. Named after the Greek god Dionysus, the bag’s design features bold hardware and a unique, vintage-inspired look, making it stand out in the luxury handbag market.
Timeless design: The Dionysus is a blend of classic luxury and contemporary design, appealing to both younger buyers and long-time Gucci lovers. Its distinctive clasp and embossed leather give it a unique edge.
Resurgence of vintage trends: As vintage and retro styles have gained popularity, the Dionysus bag’s unique design is part of a wider resurgence in vintage-inspired fashion. This has helped maintain its appeal on the secondary market.
High Craftsmanship: Gucci bags are known for their superior craftsmanship, and the Dionysus is no exception. Made with high-quality materials and attention to detail, these bags hold up well over time.
Resale value:
The Gucci Dionysus bag typically resells for between $1,800 and $3,500, depending on its condition and whether it’s a special edition or vintage piece. The bag’s value can fluctuate, but overall, it remains in demand due to its versatility and stylish design
5. Fendi Peekaboo
The ‘Fendi Peekaboo’ is another high-end handbag that has carved out a significant niche in the luxury resale market. First introduced in 2009, the Peekaboo quickly became a favourite of celebrities and fashion influencers due to its understated elegance and practicality.
Unique design: The Peekaboo’s top-handle style, combined with its signature “peekaboo” opening, offers a distinctive, timeless design that appeals to those looking for something different from typical luxury bags.
Quality materials and craftsmanship: Made with Fendi’s signature craftsmanship and luxurious materials, the Peekaboo has proven to be durable and long-lasting, which contributes to its resale potential.
Celebrity endorsement: Celebrities like Kim Kardashian and Emma Roberts have helped cement the Peekaboo as a must-have item in the luxury fashion world, keeping demand high on the resale market.
Resale value:
Fendi Peekaboo bags can resell for anywhere from $2,500 to $6,000 depending on the model, size, and condition. Like other luxury bags, special edition models or rare colours can fetch even higher resale prices.
Luxury handbags as Investments
Investing in luxury handbags not only allows you to enjoy beautiful, functional accessories but also offers the potential for long-term financial gain. Whether you are eyeing a ‘Hermès Birkin, a ‘Chanel Classic Flap’, or another iconic bag, these items tend to maintain their value or appreciate over time, making them excellent additions to your collection. When purchasing a luxury bag for resale purposes, condition is key, bags in pristine condition with original packaging and documentation generally fetch the highest resale prices.
With careful consideration and smart buying choices, these luxury handbags can serve as timeless investments that offer both aesthetic appeal and financial rewards.
