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Published by NG com Team in Innovation; Tech, Invest, Green Deal · 31/1/2024 12:54:57
Tags: Business;, Luxury, Brands;, ROI, 129%, 132%, ;, 2024;, Designer, Handbags;, Hermès;, Louis, Vuitton;, Chanel;, Prada;, Egg, Bag;, Mouawad;, Kelly, Bag;, Grace, Kelly;, Monaco;, Hermès, Faubourg, Birkin;, Christies;, Auctions;




Hermès, crocodile Himalayan Birkin


Luxury Investments / Collecables / Passion:  
-  Designer Bags & Luxury Brands  - High End Jewlery, Watches, Sunglasses, Classic Cars, Wine, Whisky  -  

Power of the Purse:
Designer Handbags  one of female's  BEST Investments 2024 ?


Designer handbags, like the red Hermès Kelly Bag, have become fashion's best investment

In a landscape of stocks, bonds, property and more, designer handbags may not seem like the most obvious way to diversify your investments, but they’re certainly worth taking a look at.

According to Data Bridge, a global market research firm, the luxury handbag market is on an upswing, with its value projected to reach $42 billion by 2029. Meanwhile, global financial consulting company Credit Suisse estimates that high-end handbags are one of the best investments of 2023, beating out both art and jewelry

According to Art Market Research (AMR), they now outperform art, classic cars and rare whiskies in terms of investment potential. Some bags, from the likes of Hermès, Chanel and Louis Vuitton, have even experienced a valuation spike of an average of 83% in the last ten years.

The 'Millionaire Speedy' Louis Vuitton Bag comes with a price tag of a staggering US$1 million, ensuring that it remains an indulgence reserved for a select few.
It is exclusively made-to-order, seemingly only available to a vetted group of Louis Vuitton clientele, as NBA star PJ Tucker showed in an Instagram post. Nov 15, 2023





Top 11 most expensive  Designer Handbags 2024


1. UK/Dubai 's Debbie Wingham’s Upcycled Egg Bag: $6.7 million
Topping our list as the most expensive bag in the world is Debbie Wingham’s Upcycled Egg Bag at $6.7 million. (incl. Hermès Scarf, Cartier earrings, 8.000 Diamonds etc.)


2. Mouawad’s 1001 Nights Diamond Purse: $3.8 million
Once the most expensive bag in the world, Mouaward’s 1001 Nights Diamond Purse held a Guinness World Record for its high price. The heart-shaped bag is made from 18-karat gold and is encrusted with 4,517 diamonds.


3. Hermès Rose Gold Kelly Bag: $2 million
The first Hermès on the list is the Rose Gold Kelly Bag. It was made in collaboration with Pierre Hardy and is made out of solid rose gold. The bag is decorated with 1,160 diamonds.




4. Hermès Birkin Bag by Ginza Tanaka: $1.9 million
Next up on the list is the Hermès Birkin Bag by Ginza Tanaka. The bag features over 2,000 diamonds on the exterior and a diamond-encrusted strap. The strap can also be removed to turn the bag into a clutch and wear the strap as a bracelet or a necklace.


5. Hermès Chaine d’Ancre Bag: $1.4 million
The Hermès Chaine d’Ancre Bag is an amalgamation of a handbag and jewelry. The small bag is decorated with over 1,000 diamonds.


6. Louis Vuitton The 'Millionaire Speedy'  Bag comes with a price tag of a staggering US$1 million, ensuring that it remains an indulgence reserved for a select few.
It is exclusively made-to-order, seemingly only available to a vetted group of Louis Vuitton clientele, as NBA star PJ Tucker showed in an Instagram post. Nov 15, 2023


7. Lana Marks Cleopatra Clutch: $400,000
The Lana Marks Cleopatra clutch bag became a popular accessory during the 2000s. Celebrities have been seen with the bag, such as Charlize Theron and Angelina Jolie. However, the most expensive version was for actress Li Bingbing, which features 40 carats of black diamonds.



8. Hermès Himalaya Birkin Bag in Niloticus Crocodile: $388,738
The most expensive classic style Birkin from Hermès is the Himalaya Birkin Bag in Niloticus Crocodile in Gris Cendre Diamond. One of the rarest bags in the world, it features white gold hardware with diamonds.



9. Hermès Feather Embroidery Sellier Mosaïque Kelly 32: $352,825
This Kelly 32 bag was made in 2010. Designed with geometric panels of feathers, the bag sold at a 2021 Christie’s auction in Hong Kong.


10. Hermès Matte Alligator Faubourg Birkin: $320,000
The Faubourg Birkin is designed to look like a Hermès storefront. One of the most collectable bags, it is made with alligator leather. This particularly rare version was sold at Christie’s HongKong in 2022.



11. Chanel Diamond Forever Handbag: $261,000
Karl Lagerfeld introduced the Chanel Diamond Forever bag, which is designed in the same style as a Classic Flap bag. The bag has white gold hardware, a diamond-encrusted clasp that total 3.56 carats.




To put that into context, coins have increased by 21%, first-edition books by 42% and watches — the assumed king of fashionable investments — by just 72%.

According to the report, more than 3,500 designer handbags were sold at auction, raking in a whopping £26.4 million ($32.9 million).

The most coveted?  The crocodile skin Himalayan Birkin by Hermès, of course, which has long been considered the most collectible handbag in the world.
The record-breaker, a white gold and diamond hardware-d Birkin, actually fetched 2.8 million Hong Kong Dollars (roughly $372,600)

In fact, the ten most expensive Hermès handbags ever auctioned have all been crocodile-skin Birkins.




With that said, the bag’s value boost (93% over the decade) falls short of the Hermès Kelly’s (famed for being renamed in honor of Grace Kelly), which has soared by 129% in the last ten years.
Similarly, Chanel flap bags have risen by 132%.


While people invest for different reasons, those with collateral to burn often buy designer handbags for a fairly fast return of investment. The harder a bag is to buy—whether that’s because it is part of a limited release or simply more expensive than its patented peers—the more coveted it becomes.


As the production of Hermès bags are incredibly limited, with years-long waiting lists, collectors are often willing to pay two-to-three times over a bag’s retail price as soon as it hits the resale market.

Of course, there are also a large proportion of people who are deeply passionate about their handbag collections, which can easily amass into the millions, and refuse to sell them once they’re in their possession.

In layman’s terms—designer handbag flippers have supply and demand on their side for the foreseeable future.

Even in lockdown, famed auction house Christie’s last designer handbag sale sold out, raising £1.34 million ($1.67 million).

Naturally, it included a crocodile Himalayan Birkin which sold for over twice its estimation at £125,000 ($156,000).




LATEST AUCTION results  -  2024 - SOTHEBYS
Handbags / Jewlery / Accessories:
Designer: Hermès - Chanel - Louis Vuitton









2023 Statistics Luxury Collectables
Investments





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