Almost all designer products are expensive, of that there can be little doubt, yet some products seem to hold their price better than others, and one of those is designer bags. While most of us are looking to add some gold or Bitcoin to our investment portfolio, the fashion-conscious woman who had a few high-end designer bags in her collection, could be sitting on a gold mine.
High End Brands
Not all designer bags offer the chance of a good return, with one major aspect being the number of items that were made. The least numbers manufactured are the bags that have the highest resale value, and brands such as Chanel, Gucci and Louis Vuitton are the top brands if you want to have the highest resale values. If you are looking to sell designer bags in Sydney, for example, check out the leading pawn shops, as they trade in this valuable commodity, and you are likely to get the best prices there.
First Class Condition
Like any other commodity, a designer bag will fetch the highest price if it is in tip-top condition, so always make sure you look after the piece, with regular cleaning, using the right products. If the bag should ever be in need of repair, it should only be carried out by an expert, someone who really knows what they are doing, and even then, a repair could lower the value. Designer bags should always be stored in a safe place and kept away from direct sunlight, as this can cause it to fade.
This is the only factor that determines the value of a specific designer bag, and those in demand can fetch very high prices indeed. As an example, a Louis Vuitton Kusama Pumpkin Minaudiere Jewel bag is extremely valuable, as there were only ever 5 made. If you happen to own one of these, you can expect to see it auctioned in one of London’s premier auction houses for more than £200,000, should you ever decide to part with it.
The more knowledgeable you are about designer bags, the easier it is to make the right purchases, so spending a few hours every week reading about the top brands will certainly pay dividends. If you are looking to sell a designer bag, prior to offering it to anyone, you should first search online to get a good idea of its value. That way, you are less likely to sell it for less that the market value, and there are certain pawn shops that trade in high-end designer bags, and these are the people to approach when you wish to make a sale.
If you are careful about what you buy, you can make a profit on the resale.