7 Best Investment Bags for Growing Your Wealth| CHURINGA RUBY JEWELRY

class=”text-uppercase mb-5 text-yellow-sea innerpage-title”>7 Best Investment Bags for Growing Your Wealth

If you’ve ever tried to sell a luxury handbag online, then you know the competition can be brutal. Currently, there are more than 34,000 active listings for Louis Vuitton bags on eBay. And, if you only search for the word “bag,” you are likely to get millions of results. To say the least, the eBay and Amazon handbag market is saturated with both counterfeit and authentic products, which makes it all the more difficult to make money fast in Phoenix, Arizona.

But we have good news!

If you are wondering where to sell designer bags in Scottsdale and Chandler, the team here at Biltmore Loan and Jewelry is buying and can pay competitively for your prized possessions.

But first, let us help you bring in the most money by providing a list of the world’s most popular handbags to profit from.

Best Designer Bags to Sell for Fast Cash

Disclaimer: The figures below are estimates based on information from leaders in authenticated luxury consignment. The prices listed are not quotes.

1. Hermès Birkin

Let’s begin with the cream of the crop.

Are Hermès Birkin handbags good investments? The short answer is a yes. Some people might even say that Birkins are better investments than gold.

The resale price of a pre-owned Hermès Birkin depends on a variety of factors, including the style, size, hardware, leather type, and condition of the bag. For example, a pristine Birkin 30 in Epsom leather could sell for at least $10,000. If you think that price point is otherworldly, professional sports betting consultant David Oancea, better known as Vegas Dave, purchased a rare Himalayan Birkin 35 for a whopping $500,000 in 2019.

In general, Birkins retail anywhere between $9,000 and $150,000, and can see resale prices up to $223,000. You, too, can get the best possible price for your authentic Hermès goods as long as you work with experts who understand luxury consignment.

2. Chanel Flap Bag

There is nothing more classic (and classy) than a Chanel Flap Bag in black. This high-in-demand masterpiece is not only gorgeous, but it also goes with everything.

Depending on the leather, hardware, size, and condition, a pre-owned Chanel Flap Bag can retain or increase in value over time, which makes them an excellent investment piece from a fashion and financial standpoint. For instance, the value of a Chanel medium flap in caviar leather may rise from a purchase price of $1600 to $4900 in a decade. That’s an increase of 206 percent in just ten years.

3. Chanel Boy Bag

Another Chanel piece to consider for investment is the Boy Bag. Although the style is fairly new, this crossbody released in 2011 has joined the high ranks of the classic flap.

Five years ago, a brand new Chanel Boy Bag started at $2500. Today, the retail price is at $5100. This convenient and stylish designer crossbody can retain at least 90 percent of its retail value. If you are lucky enough to own one and plan on selling it in the future, make sure to learn how to take good care of leather bags.

4. Louis Vuitton Neverfull

The Neverfull remains as  one of the world’s fastest-selling handbags, and there’s a good reason why. Despite certain fashion industry reports dictating an alleged decline in the demand for tote handbags, the Louis Vuitton Neverfull maintains its popularity due to strategic and periodic price increases that match the high demands. Since its introduction in 2007, the Neverfull has been one of Louis Vuitton’s most successful and all-time favorite bags. 

This ultimate carryall tote is available in a wide variety of materials, as well as special artist collaborations and limited editions. It can retain at least 85 percent of its retail value, unless the bag is a rare limited edition, which commands higher prices.

5. Vintage Fendi Bags

Moving away from the holy trinity that is Hermès, Chanel, and Louis Vuitton, another designer brand that continues to set high standards when it comes to surviving shifts in fashion trends is Fendi.

If you are fortunate enough to have a Selleria Firenze leather handbag in your possession, you can expect to see significant returns when you decide to sell it. The same goes for a gorgeous Vintage Pequin Convertible Boston Bag, which continues to hold its value.

The question is, however, what if these vintage beauties are selling for less than a few hundred dollars on mainstream e-commerce sites? That’s why you should consider selling elsewhere in the first place. If you sell your designer handbags to Biltmore Loan and Jewelry instead, you can expect to see a healthy profit from your vintage collection.

6. Gucci Saddle Bags

If you have an iconic Gucci Saddle bag in your collection, consider it a serious investment piece that will perform well in the luxury handbag resale market. Whether you are a proud owner of a vintage Gucci monogram saddle bag or a Gucci leather 17″ saddle equestrian bag, both remain popular and highly sought after.

7. Christian Dior’s Lady Dior

The Lady Dior bag is one of the most beloved handbags of all time. The iconic piece was named after Lady Diana, Princess of Wales, who adored the design and carried several versions of the Christian Dior handbag all over the world with her.

The value of a Lady Dior handbag has increased by 8 percent from 2004 to 2016, and by over 14 percent from 2014 to 2016. According to experts in authenticated luxury consignment, a version in exotic leather could reach a resale price of over $10,000 today.

Walk in with your designer bag and walk out with a lot of cash

Certain handbags from the holy trinity are so in-demand that they always command fairly high resale prices. However, it’s also apparent that vintage designer bags are making a big comeback in the fashion scene. If you own any of these investment pieces, it’s the perfect time to cash in on the trend and see significant returns. Complete our online form now to request a free market appraisal.