Standard investments like stocks, commodities, and real estate dominate. Luxury bag investing is a novel approach to make money that is gaining popularity. Rare, expensive, and socially appealing artefacts can be valuable. Because they are rare and sought after, luxury bags frequently increase in price. Let’s examine five luxury bags that might be bought in this niche sector.
1. Hermès Birkin: Icon Forever of Luxury Bags
For luxury bags investment, the Hermès Birkin is unbeatable. Due to its rareness, history, and relationship to Jane Birkin, the Birkin has become a symbol of luxury.
After meeting by coincidence, Jane Birkin and Hermès CEO Jean-Louis Dumas created the bag. Jane complained to Dumas about her inability to obtain a large purse. The Birkin was created in 1984. Some uncommon variants, like Sotheby’s 2022 Diamond Himalaya Niloticus Birkin 30, sold for almost $450,000, or Rp 6 billion. Around $2,000, or Rp 30 million, was the original price.
2. The Hermès Beautiful Kelly: Luxury Bags have a Long History
The Hermès Kelly has a deep history with the French fashion company. Equestrian gear was initially carried in the Haut à courroies in 1892. It evolved into Kelly, the renowned one.
In 1928, Robert Dumas created the Sac à Dépêches, a trapezium-shaped “dispatch bag.” The bag helped Princess Grace Kelly disguise her pregnancy in Alfred Hitchcock’s “To Catch a Thief.” This made the bag famous. Kellys sold for $200, or Rp 3 million, in the early 1960s. At stores, it costs up to $8,000, or Rp 122 million. Rare Himalayan Niloticus Kelly 32s auctioned for $346,802 (Rp 5 billion) in 2022.
3. Hermès Constance: Understated Elegance
Although less recognised than the Birkin and Kelly, the Hermès Constance is nonetheless a design icon sought after by luxury bags lovers. Catherine Chaillet called her 1959 handy bag Constance after her fifth child. Its strap can be worn sideways or under the arm.
Famous personalities like Jackie O. recommended the Constance, which became popular. We don’t know the pricing, but it was probably the same as the Kelly or cheaper due to its size. Hermès Constance bags cost roughly $8,000, or Rp 122 million. Christie’s sold a Bleu Électrique Porosus Crocodile Mini Constance 18 for $170,164, almost Rp 1 billion, in 2022.
4. Chanel Classic Double Flap: Luxury Bags with Everlasting Elegance
One of Chanel’s most recognisable styles outside of Hermès is the Classic Double Flap. The 1983 bag had Coco Chanel’s adjustable chain strap, double flap, secret pocket for love letters, and diamond quilting.
Chanel became more recognised and be luxury bags after Karl Lagerfeld added the “double CC” turn-lock. The most popular size, the Medium bag, used to cost $1,000 or Rp 47 million but now costs $10,200 or Rp 157 million. Chanel frequently changes pricing, therefore the bag’s value rises.
5. Louis Vuitton Neverfull is Durable and Flexible
The Louis Vuitton Neverfull beach bag debuted in 2007. It has been flexible and durable since then. Office employees who seek a daily-use purse like it.
Louis Vuitton’s Neverfull is permanent. Three typical sizes (GM, MM, and PM) and many patterns are available. The best investments are limited editions, which always appreciate. Even though it looks fairly new, the Louis Vuitton x Yayoi Kusama Monogram Waves Neverfull, which originally cost $1,380 or Rp 21 million, may now be offered for approximately $3,000 or Rp 46 million.
Luxury Transcends Fashion
Luxury bags aren’t just fashion accessories—they’re investments that could appreciate over time. These bags are a unique trading method due to their historical significance, scarcity, and cultural attraction. Before investing in luxury assets, you should research market trends like any other investment. These bags combine style with investment potential, whether it’s Hermès’ ageless elegance, Chanel’s famous allure, or Louis Vuitton’s everlasting practicality. You chose which luxury item to buy.