Handbags are the new shoes, the should have "it" accessory that has all the fashion-istas clamouring for the most recent offering from popular designers. It's also a market that has more in typical with the male-dominated world of classic cars than you 'd realise.
Few of you will have missed out on the hassle a couple of months ago when Sainsbury's offered 20,000 "I'm not a plastic bag" Anya Hind-march totes for [pound] 5 each. Within hours those exact same unbleached cotton bags were selling for in excess of [pound] 150 on eBay. "Every girl has a handbag," says Christie's specialist Monica Turcich, "and every lady desires one. Ladies now want the 'it' bag and the one no one else is carrying. They've always been popular and they are the section of our 20th-century style sales for which we get the most call, but now they are doing particularly well due to the fact that everyone desires handbags, whereas 10 years ago there weren't the 'it' bags like we have today, merely the classics."
Like cars, the majority of the more recent designer purses which offer through dealerships and auction houses make considerably less than their original list price, losing value the second the initial purchase has taken place. That is great news for both collector financiers and handbag enthusiasts, but there are some exceptions to the rule.
Last March Christie's offered a red Hermes crocodile skin Kelly bag for [pound] 10,800, this had only been bought in 1994 and was initially a bespoke item. The Kelly bag is the "holy grail" of the classic purse world according to Turcich. "Chloe and other more contemporary bags are more driven by what's popular now, however for Hermes and Chanel's quilted bag, these are classics which never ever go out of design and are constantly useable." Kelly bags can be bought for [pound] 600 and can often be offered on for [pound] 1,000- [pound] 2,000, which isn't bad for a bag which may have been bought back in the 1960s.
There's no doubt that the majority of bags are being bought to be used, it's not an investment market in the exact same method as lots of other collectables such as paul smith, Abercrombie and Fitch, dsquared etc, but once again there are parallels to the car market. By purchasing a classic bag and caring for it, you are not likely to lose money, rather see a constant gain with the added return of delighting in utilizing it.
Hindmarch's "I'm not a plastic bag" bags are unlikely to make it to "classic" status, they want all mass-produced cotton totes, but other handbags from her range may well do so. So far Christie's has-n' t sold any Hindmarch bags, but Turcich states she would not be amazed if they start showing up at auction quickly and she would not turn them away. "Kylie Minogue was envisioned carrying a Chloe bracelet bag around a few years ago which sparked a fashion and now we are selling the exact same thing at auction."
There is a beautiful one in the next https://civil-wedding-venues.co.uk/category/wedding/ auction which is approximated at [pound] 800 to [pound] 1,000 in addition to another Chloe handbag in the very same lot. "I believe Chloe has begun the 'it' bag scene" includes Turcich, "I do not understand how long it will take for them to end up being classics of their own, however I'm sure these will hold their value in 5 or 10 years' time. People simply don't seem to have actually taken note of the truth that bags have ended up being the new shoes in the last couple of years, there is now a gratitude of the design that enters into them. There are shoe designers that are artists and so too with handbags."
Vibrantly coloured raffia bags are in at the moment due to the fact that it's summertime. Durante says that Kylie liked this particular bag since it was uncommon. Purchasing it from a classic style dealership she's not likely to bump into another star bring one.
If you do wish to retain the value in your handbag then you should opt for one that is in exceptional condition, is a good design and lovely. Some "it" bags will undoubtedly go down in worth as styles alter, however the classics should remain stable.