In my opinion, it’s important to invest in high quality luxury handbags that have a high Resale value. For me, I try to purchase bags that have at least an 80% Resale value. Meaning that if I ever sell my handbag I will get back at least 80% of what I paid for it. But, did you know there are luxury bags that have a higher Resale value than retail price? Yes, that’s right today, I will be sharing with you which luxury bags have the highest Resale value, why some bags have a higher Resale value than retail price, and what are some ways to ensure your bag has a high resell value
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Which Designer Brands Have the Highest Resale Value
Historically the 4 top brands that hold are Hermes, Chanel, Goyard, and Louis Vuitton. If you are wanting to splurge on a designer handbag, but on the fence about the brands to purchase, then I definitely recommend sticking to a brand that offers high resale values. It’s not uncommon for one to outgrow a bag or change their style over time, so I always tell people investing in high quality bags is the way to go. I get that trendy or novelty bags are fun and super cute, but not all of them overtime hold their value as well as the classics. Let’s go ahead and jump into 5 Designer Bags that have the highest resale value.
Which Designer Bags Have the Highest Resale Value?
Hermes Kelly Mini 20 Bag
The Hermes Kelly bag rose in popularity over the last couple of years. Today, it’s almost impossible to get your hands on a mini Kelly Bag. However, that hasn’t stopped me from adding it to my wish list! With that being said, as of 2022, the Hermes Kelly Mini bag has the highest resale value of any Hermes bag! As of May 2022 the price of the Hermes Kelly Mini €5900 in Europe and $8000 in the US.
Now this is the interesting part, the price of the Hermes Kelly Mini bags on the preloved sites start at 25k and go up to 41k if it’s a special order bag. Wow! That’s a crazy return. The Hermes Kelly Bag has the highest resale value of any bag on this list. Imagine spending $8k on a Hermes Kelly bag and then selling it for $41k? That’s a profit of $33,000! It’s mind-blowing, I know.
The truth is, most Hermes bags have a higher resale value than retail value…the key is being able to purchase one. In Short, the luxury bag with the highest resale value in 2022 is the Hermes Kelly Mini Bag on average with a 212.5% Return on investment!
As you may recall, in 2020 Chanel announced they would be increasing their classic Chanel Double Flap bags in price by 21%… This was shocking, and the truth is, they haven’t showed any signs of stopping in the price increase department to this date.
The Chanel Classic Double Flap bag in Caviar is hands down one of the best luxury bags that have the highest resale value. While I do love a good lambskin leather bag, it’s the Caviar that’s the one that’s worth investing in. Caviar is a pebbled leather, more durable, and doesn’t show scratches easily. In my opinion, Chanel Caviar leather holds up better over time.
With that being said, the Chanel Classic Double Flap in Caviar doesn’t have an immediate return on investment, you will have to wait awhile to see any type of return, but let’s say you bought a Chanel Bag in 2015 for $4,900. Today, that bag could be resold on the preloved market for $8k-10k, depending on the size and the condition. That’s an 100% increase. Chanel’s bags have one of the highest resale values and one of the most popular bags on the preloved market.
The resale Value on Hermes Birkin bags is astronomical. In fact, In Paris, resellers are so desperate to get their hands on a Hermes Birkin in Paris they recruit local people to buy one for them, paying them only $500. How do I know this, you may be wondering, it’s because I’ve received countless DMs on Instagram from resellers asking me to purchase them a bag. (I’ve never done it, in case you are wondering)
The Hermes Birkin is one of those bag that isn’t easily offered to someone.
The average price of a Hermes Birkin on the preloved market is double – triple what retail value is. The more exotic or more rare the Birkin bag is, the higher you can resell price is. But be careful reselling this bag, Hermes isn’t a fan of this practice and it’s been rumored they can penalize you for doing so repeatedly. In 2022 the Hermes Birkin 25 Togo leather costs $10k in the US and it is selling for $25k, which is a 150% return on investment.
Unlike the Chanel bag, you don’t have to wait a long period of time to see a return on investment. A Hermes Bag has an immediate return and could be sold the next day for a profit…which begs the question, if you know this information why aren’t more people doing it…well Hermes Bags aren’t as easy to get your hands on as you think.
Louis Vuitton Bumbag
Louis Vuitton bags do a good job of holding their value, especially if you invest in timeless pieces. With that being said, the Louis Vuitton Bumbag is in demand right now. So if you have this bag in your closest and you’re not wearing it, now would be a good time to sell it on the preloved market. The reason for the spike in price on the resale market is because in 2022 Louis Vuitton has decided they are going to discontinue this bag, meaning you won’t be able to purchase it anymore at the LV store.
As of May 2022, this bag is selling for 119% profit on the preloved market. Not only will you get back 100% what you paid for the bag, you will also make a profit. The Louis Vuitton Bumbag is a great bag to sell right now if you have it in closest!
The Goyard Plumet Crossbody bag is difficult to find in stores, thus causing the resale value to be high. A good rule of thumb to follow is anytime a bag is hard to find in stores, is selling in limited quality, or a limited edition, typically the resale value is higher than retail price. The Goyard Plumet bag follows this rule perfectly.
With that being said, The Goyard Plumet crossbody bag was launched in 2018 and is a great crossbody bag and worth investing in. If you are looking for a crossbody bag that has a high resell value, then the Goyard Plumet is perfect. The Plumet bag features the classic Goyard logo print and a flap closure.
Currently, the Goyard Plumet bag is selling for a return on investment of 111% of its retail price. In fact, some colors such as the blue sell for 114% of its retail price! Talk about a good investment.
There are a few main reasons why some bags have a higher resell value than retail price. The first main reason is an economic principle that I reference a lot on my website, supply and demand. Top brands such a Hermes does a great job controlling the supply, and not selling bags to everyone. I’ve written several articles specifically about Hermes explaining the buying process and if I think the Hermes Birkin is worth the price.
The second main reason why bags have a higher resell value than retail price is because of the rate some bags increase in Price. Chanel increased prices in 2020 by 20%, and have shown no signs of slowing down in the price increase since. With that being said, if you bought a classic Chanel Caviar bag back before the major price increases, then you could sell your bag for a profit.
3 ways to ensure your bag has a high resell value
You maybe be wondering, what are some ways to ensure my bag gets the highest resale value if I go to sell it. As someone who has bought and sold many preloved items over the years, there are 3 main things that I recommend you do in order to ensure your bag receives the highest resale value possible.
Store your bag in a good environment and use the dust bag. I know it’s super tempting to put your bags on display in your closet, you always see those incredible instagram photos of handbag closest and you may be tempted to do so, but trust me when I tell you that they should be stores in their dust bags to protect the bag.
Purchase Neutral Color bags. The bags with the highest resale value are the ones with neutral colors.
Take Care of your bag. When I say take care of your bag, I’m not saying don’t use your bag, but what I am saying is that when you use it, handle it with care. Try to eliminate wearing it during a rainstorm, or in any condition that could damage the leather. It’s very important to take care of your investment handbags well all handbags for that matter. They will last longer and you will receive a higher resale value if you should go to sell it.
Recap on Which Luxury Bags have the Highest Resale Value
* Chanel Caviar Classic Flap bag if purchased in 2015
In 2022, The Designer bag with the highest resale value is the Hermes Kelly Mini followed by the Hermes Birkin 25. Prior to the Hermes Kelly Mini, the Birkin was number 1, but the Hermes Kelly has taken the world by storm. Do you own any of these Luxury bags that have a high resale value??
Sincerely Petite in Paris,
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