First things first: We’re not saying that you need justification for buying (another?) Chanel bag...
...But the latest research from Baghunter does suggest that the coveted, classic leather bags are more than just a statement accessory.
According to the company, a Beverly Hills-based reseller of luxury handbags, Chanel bags have increased in value by over 70 per cent in the past five years. To put that in perspective, that’s a return of about 20 times more than any regular financial institution usually promises.
Baghunter focused its study on Chanel’s Medium Classic Flap Bag, the value of which, it says, has increased in value by 71.92 per cent from 2010 to 2015 (outperforming housing prices and S&P500 in the United States).
The bag went for just US$220 when it launched in 1955. By 1990, its price had risen to US$1,150 and today, it’s worth about US$4,900.
Classic flap aside, other Chanel bags like the Chanel Reissue 2.55 and Chanel Boy Bag have also shown a similar increase in value.
Time to take the plunge, perhaps? After all, no one can tell you it’s a waste of money now.
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