And you should know that you don't have to spend more than your rent on a beautiful handbag. You can get the look of an extravagant design for half the price. Several of our favorites are actually under $100. Yep, our jaws hit the floor too when we saw the amazing price tag
Forget about the fluctuating pound and the price of gold. These days, experts say the best investment a girl can make is to build a decent collection of high-end handbags.
Once seen as the ultimate frivolous purchase, designer bags have now become so coveted that many are almost guaranteed to give a good return. Just how lucrative the trade can be was demonstrated last week at auction house Christie’s, when a blue crocodile-skin Hermes Birkin, decorated with white gold and 18-carat diamonds, fetched ￡125,000, making it the most expensive handbag ever sold in Europe.
Other bags by top designers, including Chanel and Louis Vuitton http://www.eepurse.ru, also went for thousands of pounds. And to those in the know, these prices come as no surprise.
‘Designer handbags are an excellent investment,’ says Will Thomas, who runs online antiques-trading business Love Antiques. ‘There is also a huge market in what we call “future antiques”. In other words, pieces that aren’t obvious collectables now, but may be worth a fortune in a few years’ time.’
This Hermes Himalayan Crocodile Birkin is likely to be a steep riser — Claudia Valentin, antique and handbag expert from Channel 4’s Posh Pawn predicts it reaching as much as ￡400,000 — and this is simply because so few are made. Each requires three crocodile stomachs, diamonds for the clasp and the dyeing process is painstaking, taking hours to finish. It’s carried by royalty and A-listers alike and luxury company Hermes make very, very few of these — there are likely to be waiting lists lasting years. However, should laws change in the exotic skins market in the future, making it illegal to own one, it may end up being worth nothing.
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This Louis Vuitton Kusama Pumpkin Minaudiere Jewel bag is one of only five. Made in the shape of a pumpkin from resin, metal and pure gold, its value is now predicted at ￡210,000. It’s a collaboration between contemporary Japanese artist Yayoi Kusama and Louis Vuitton. Collectors see it as a work of art as much as a bag — Kusama’s work even showed in the Tate in the past.
