7 Of The Most High Value Bags According To Christie’s Experts
The Data You Need To Take Into Account When Buying A Bag!
Bags are the ultimate must have accessory for every woman. However, with the ever changing trends of fashion and the many styles of bags to choose from for everyday wear, it can be harder to spend your money on the right piece, worthy of investment. We have looked into the opinions of auction experts, art market experts and collectors to carefully compile the most collectable bags for you!
Not everybody owns a Hermès bag, due to factors such as limited production and rare materials, so therefore owning one seems special. Every year at Christie's auction house, Hermès crocodile leather Birkin bags often set new transaction records. According to research by the website Bag Hunter, who compared the types of investments in a 35-year period: the average annual return of gold is 1.9%, while the average annual growth rate of Birkin's value is 14.2%. Therefore, investing in Hermes Birkin is safer than stocks or gold! But are you willing to sell your baby after buying it or will you want to keep it all to yourself?
2. Hermes Kelly
The Kelly bag did not receive the same hype from brand fans like the Birkin bag, mostly because of the style’s less unique design. Most of the higher priced pieces by the brand in the market are VIP customized styles, contrary to last year where there was a craze for the Shoulder Kelly, which made Kelly and Birkin once again on par in terms of popularity and demand!
3. Chanel 2.55
According to a report by the Financial Times, the value of 2.55 bags has soared by 230% between 2004 and 2016! However, its maintenance status will be affected in the second-hand market’s value, where the price might fall anywhere between US$3,500 and US$6,000.
4. Chanel Le Boy
Boy, launched by Karl Lagerfeld in 2012, first went on sale for the price of US$2,600 that year and has since elevated, selling for as high as US$5,000 in the secondary market.
5. Celine Classic Box
Celine Classic Box is a popular piece in their brand collection, but it’s high demand in effect is due to its evergreen appeal. Since the handbags are still available to buy, the second-hand price has not caught up with the original price, with demand still peaking within the second hand market.
6. Lana Marks Cleopatra
One of the most expensive Cleopatra clutches is a custom made by Chinese actress Li Bingbing. The bag is made of crocodile skin, and carries 1,600 white diamonds. It is worth 400,000 US dollars. Li Bingbing once wore the bag to the 2012 Oscars.
7. Louis Vuitton Speedy
The classic Louis Vuitton Speedy handbag is still a favoured style amongst Chinese consumers. With many variations of the monogram design with logo, the bag has become a desirable choice, which is reflected in its current price in the second-hand market, reaching as high as US$2,000.