Your Investment Bag | LV, Hermès & Chanel | It’s worth every penny
The term ‘investment pieces’ are thrown around a lot today when it comes to luxury fashion. BOPF is here to make that term easier to understand and to save you from a ‘crises of sorts on understanding what is worth investing in.
Considering that we focus on circular fashion, it would only make sense to help you understand what pieces can help you use the item for as long as you can, along with the item being of high quality, beautiful and has a history, of course. No other category of items is worth a long-term investment, like luxury bags are. They also are perfect for investing in if you are looking to sell the same item eventually.
So, let’s kick things off, shall we?
Top of the list is the classic Chanel Flap Bag, also known as the 11.2 bag, which was created by the late Karl Lagerfeld in 1982. The founders of LePrix, Elise Whang and Emily Erkal go on to say that the Chanel Classic Flap Bag is part of the holy trinity (Chanel, Louis Vuitton, and Hermes). The holy trinity brands are the ones that have the most resale value, according to them. The design features diamond quilting, gold chain, double flap and the prominent ‘CC’ clasp. This bag is a favourite among celebrities such as Alexa Chung, Kardashian-Jenner family, and Rosie Huntington-Whiteley, to name a few.
If it helps in understand this bag’s ‘worth’ even more, the resale value bag retains and increases based on the leather type and hardware. So, if you’re looking for exotic leathers or limited-edition bags, they are going to be higher up in price, but still worth every penny. Additionally, the model also outperformed the S&P 500! Who would’ve thought right? Goes to show the power of the luxury industry.
Other models worth looking into for long-term investments are the Chanel Le Boy bag and the Chanel Wallet on Chain – they’re just as iconic as the classic flap bag.
The Hermès Kelly and Birkin bags are as iconic as it gets. Why? Because they are hard to purchase from stories as there are long queues to even place orders. Which is precisely why you may find that the resale values are exponentially high compared to the original value. The Hermès Kelly has always been an iconic model from the brand because it was used as a shiel by Grace Kelly, for her pregnancy bump. The bag was initially called ‘sac à dépêches’ but was renamed in homage to Kelly.
The Hermès ‘Mini’ Kelly bags are the talk of the now and are nearly impossible to get first-hand in Hermès stores. If you’re looking to buy one of these, it’s best to buy second-hand.
Dior has seen steep rise in resale value from 43% to 56% because the brand’s been selling out some popular styles recently. We’d also like to think its creative director Maria Grazia Churi had something to do with it as she’s been able to give the brand a refresh and make the brand more relatable to more age groups (millennials, particularly). But it wouldn’t be right to talk about Dior if we didn’t talk about the iconic Lady Dior Bag.
The bag had its ‘Cinderella’ moment when the late Princess Diana carried it back in 1995. It was gifted to her but after gaining popularity, it bag was renamed from ‘Chouchou’ to ‘Lady Dior’, in homage to the late princess. It can possibly be claimed as the Maison’s most timeless design of all.
Other iconic Dior bags to consider investing in are the Dior Montaigne 30 bag and Diorama bag.
Unlike the other brands we’re spoken about earlier, it’s a tad bit hard to choose one ow two iconic models from Louis Vuitton because the brand’s been able to sell multiple models that stand the test of time. However, we’ve handpicked some of the best-selling models for you.
The reason being the brand has been able to reinvent the wheel by collaborating with artists in several industries to create best-sellers. The monogram remains to be the most representative of the brand.
Perhaps one of the most iconic bags – it comes in a variety of sizes and variations of the monogram print.
It was named after the Alma Bridge in Paris, that connected two renowned Parisian neighbourhoods over the Seine River. It features a sturdy leather base, protective studs and rolled leather handles.
If you’re looking for a shopper or tote bag, this model is for you! Perfect to style day to night, for the beach or to carry for work. The bag comes in three different sizes (PM, MM and GM) and in variations of leathers and monogram patterns.
Perfect for styling from day to night, the bag features bold LV hardware and made with the brand’s signature epi leather. It’s practical and features a spacious interior and a short chain and leather crossbody strap, making it easier to style.
Besides these popular models we’ve spoken about, we sell other Louis Vuitton bags that are just as famous.
How to take care of your investment bags:
If you’re someone who doesn’t know how to handle your bags with care, or even just take care of them to keep the shape and quality the same as when you initially purchased it, don’t worry, we’re here to give you a few tips that may be of help to you!
The way you store your bags is so crucial to a well-maintained bag. We recommend avoiding direct sunlight and storing it in a cool dry place. We’d also go to the extent of saying to store your bag in its original box and upright. If you don’t think you have enough space to store it in a box, we suggest storing it along with the dust bag to avoid any accumulation of dust.
Finding out how to best clean your bag is always advised. Certain leather types require specific care and maintenance. Your best friend would be a soft cloth to wipe away any dust that your bag has. If you find that you switch between bags often, try and dust your bags every weekend or fortnight to keep it well maintained.
- Damages and Repairs:
Most brands offer services in their stores to repair any damages your bag may have (broken zips, scuffs, stains, those sort of things). We recommend taking your bag to a professional repair store, if not for the brand store itself to ensure its handled with care.