Are Luxury Bags Worth It?
Today we’ll be answering the question – Are Luxury Bags Worth It? First, these do not lose too much value compared to their Walmart equivalent, in fact, they even grow in value after a decade or two – they become collectible.
A good example, in my family it was a tradition for fathers to offer a luxury bag to their daughters when they turned 16. My Grandma received a Hermes and kept it until she passed at 86. Her bag was about 70 years old, a 1950-1960 era Hermes Croco – the same as the picture below.
My uncle had it estimated and because of the great care, the price tag came up at $45,000! a similar leather Hermes bag is priced around $8,500 (only). A good source of ideas would be the Vestiaire Collective website where a Coach Ostrich handbag is rightly priced at $3,200 + Shipping.
Another good example, my lovely wife has a nice collection of handbags, MK, Versace Jeans, Love Moschino, Coach, etc… unfortunately, our house burned down and the insurance asked for the inventory – the bags were replaced in value at 100% of the retail price.
We didn’t lose a penny on her designer bags, not the case for the non-designer ones as the age of the bags decreased their value considerably!
To answer the question Are Luxury Bags Worth It? Yes, they are definitely worth it.
Why a Luxury Handbag?
When I arrived in the US, I was told that American families had two cars, one for Dad and family trips, the other one for Mom to run errands and to take kids to school. I remember my neighbor who had a BMW while his wife had an old, I should say very old “family” station wagon.
Things have changed unless spouses want a divorce 😀 Moms want and need a good, cool car as anyone else does and I think they deserve it.
It goes the same way with luxury handbags, you deserve it or your much better half deserves it. 😀
If I ask around, people love the recognition – going back to my lovely wife, she cherishes compliments about her bags, her favorite? In a store, the checkout employee asked for an ID, the owner said: “a woman who wears a Versace, doesn’t need to pull her id.”
I see some roll their eyes thinking PRIDE and they are right but a low dose of pride is a feel-good attitude and we all deserve it don’t we?
When it comes to luxury handbags, there are multiple choices:
- The full-blown renowned designer brands such as Versace, Moschino, Gucci, and other Chanel, or Louis Vuitton.
- The distribution designer brand like Versace Jeans, Love Moschino, Armani Jeans, etc.
- The fake luxury brands like fake Versace, fake Prada, etc.
Let’s start with fakes – nope, DO NOT FALL for any of them, first when people know… you look … you know 🙂 then the quality is far from the original and the beautiful luxury bag quickly ends up trashed. At last, it is not illegal to knowingly buy a counterfeit luxury handbag or other goods – the picture below is an excerpt from the federal law – but if/when caught the product will be confiscated and destroyed.
The two first are the best way to go.
The first one can be quite expensive, but they do answer “Are luxury bags worth it” very well 🙂 you are right, a Versace shoulder bag or classic flap bag are priced at $1,800 while their counterpart from Versace Jeans are sold for less than $150 and are as beautiful as the main designer brand. Meaning that for the same money you can purchase 10 luxury designer handbags 🙂
For yourself or for others, a luxury designer handbag is definitely the way to go. Be careful with fakes as there are plenty on marketplaces, streets of New York, Los Angeles, Las Vegas, and community-based websites.
A customer of ours bought a “real” absolutely fake Moschino on the Facebook marketplace. It was so fake that Moschino doesn’t even have a model like that one.