09/07/2022
HOW TO INVEST IN HANDBAGS, THE LUXURY ASSET TO MOST LIKELY HOLD VALUE.
Forget Berkshire Hathaway. These days, some are turning to Hermès Birkins.
Thanks to Mark Ellwood - Bloomberg Businessweek
With the stock market roiling, luxury goods—especially designer handbags—are becoming a hotly sought-after investment commodity. One July study from the Business of Fashion said 40% of US consumers had bought or were planning to buy one, helping bolster the category from a global market of $72 billion this year to a predicted $100 billion in 2026.
Buy them to store and trade, rather than tote, and that as-new purse could offer an impressive return on investment: In June a study from Credit Suisse Group AG showed that Chanel bags rose in value 24.5% from the previous year. Those by the house’s late designer Karl Lagerfeld are especially coveted.
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Chanel Gold Metallic Lambskin Leather CC Logo Rounded Shoulder Bag
Estimate 3,100.00 - 3,600.00
Vintage Chanel shoulder bag in gold metallic Lambskin leather. The Front has a large CC logo embosssed and stitched on. The top has a rounded shape with a double zipper closure that has 2 "quilted" gold ball charms. The inside has gold metallic leather li
Read More on Bloomberg Businessweek
https://www.bloomberg.com/news/articles/2022-09-01/how-to-invest-in-handbags-the-luxury-asset-most-likely-to-hold-value
