The best time to buy a preloved handbag is between December – March. As with most of the high-end luxury brands, the fashion houses increase the price of their handbags annually in spring. For Louis Vuitton this is normally around 5% but this year we’ve seen as much as 17% with brands such as Chanel – this is due to the COVID-19 impact and the increased cost of sourcing raw materials. Between Dec – March is great time to snap up a bag you’ve been hankering after as it will increase in value on the preowned market post purchase in line with the fashion houses. So – come spring 2021 – you can flip it and make a profit.
It pays to shop preowned! The World’s most coveted luxury bags currently the #1 appreciating asset, rising 13% in value in the last year, outperforming stocks and shares, property and all other collectable assets including art (5.2%), stamps (6.4%) ,rare whisky (5.0%), fine wine (0.7%) and jewellery (-6.7%). To put it into further context the FTSE and gold, which were until now regarded as a safe haven for wealth, both increased by 39% in the last decade whilst Birkin bags grew in value by 108% within the same period. So you’re investing in a collectable asset to have and to hold for generations to come.
You’re being kind to the planet. Buying preowned and using it for another nine months reduces its carbon footprint by 20 – 30%. When you consider that shoppers are set to buy 343 million items1 between now and the end of 2020, that’s a potentially enormous collective carbon offset. What’s more you can still get your newness fix without actually buying new! A sense of do-gooding is all the more delicious when giving in to the lure of a Dior tote.
Shopping preowned is the canny and sustainable loophole for snapping up a high end luxury brand for less. You’ll never find luxury brands like Chanel, Louis Vuitton or Hermes in an outlet store or discounting their products in sale –so shopping preowned is the savvy shopper’s loophole. The preloved handbags sold on Handbag Clinic’s resale platform are already in immaculate condition and, because of their highly skilled restoration services, are preened and polished to perfection; you can snap up some these up for up to 83% off the original RRP.
Shopping preowned boycott’s waiting lists and opens up access to the world’s most desirable bags. Superior craftsmanship and scarcity are key factors that drive value for aspirational brands such as Hermes and Chanel. The Hermes Birkin and Kelly bags are always in high demand but they only make around 12,000 Birkin bags a year and limit sales to a very exclusive clientele.
Iconic, timeless styles endure the test of time and many of these covetable classics are currently experiencing a revival. From Mulberry’s recently relaunched Alexa bag, Givenchy’s expansion of the Antigona bag and Gucci’s Jackie – to Christian Dior’s Lady Dior which has been thrust firmly back on the lust list following Netflix’ series The Crown’s portrayal of Princes Diana and Prada’s Re-Edition Nylon Bags, which first rose to fame in the early aughts and have recently been brought back by the likes of Kendall Jenner and Bella Hadid with their vintage versions. Theses icons always remain true to their original design, so why not snap up an authentic vintage treasure at a fraction of the price. You’re investing in a piece of design history.
You’re worth it! 2020 will forever be defined by loungewear and mascne-inducing masks, whilst our most treasured and trusted sartorial allies sat gathering dust. So what better way to kick-start the giant leap into 2021 than with a shiny new handbag treasure. There is winter-blues busting magic in a designer bag, that no other fashion item can quite incite.