No matter where you go in the world, there’s nary a woman who hasn’t dreamed of having a closet full of luxury handbags. This is backed up by the insane price tags associated with the rarest of handbags. Not all luxury bag brands are the same, though.
There’s a hierarchy of luxury bag brands that determines how valuable and impressive they are when you have one. Curious how this hierarchy works? Read on to learn about everything that goes into it.
The History of the Brand
Some fashion houses have a long and storied history. Others are relative newcomers to the fashion world and don’t have much of a story to tell, yet. For this reason, many of the most in-demand luxury bag brands are brands that have been around for a long time.
For example, Hermes, the fashion house behind the iconic Birkin bag and all of its incredible iterations, was formed in France in 1837. Each Birkin bag nets tens of thousands of dollars.
In comparison, Tory Burch is a rising star in the handbag market, but is still a newcomer, having founded her company in 2004. Her bags are attainable for less than $2,000. A steal in the handbag world!
How Impactful Are the Bags?
Sometimes one of the biggest factors that contributes to a handbag’s hierarchy is whether the bag has had an impact on pop culture. The Louis Vuitton Speedy bag had a whole cultural moment in the early aughts. It didn’t matter which city you were in, you were bound to find someone with a Speedy bag (or a knock-off).
Maybe a particular handbag has a waiting list that even Hollywood A-listers struggle to get on. All of these things come together to determine the actual impact and demand for the handbag, which boosts its ranking in the hierarchy.
What’s the Resale Value?
Many people think of investments as things like stock portfolios or real estate. As it turns out, handbags are a solid investment opportunity, too. In fact, many handbags increase in value exponentially over time.
A handbag’s resale value, and how much higher that value is over its retail value, is the final factor that goes into the hierarchy of handbags. In addition to Birkins, Fendi bags often have great resale value. Be sure to learn more on Fendi bags when considering buying a luxury handbag!
Understanding the Hierarchy of Luxury Bag Brands Is Key
Having designer bags is nice, but owning a Coach handbag is nothing like owning a Birkin. Since many luxury handbags are a major investment, it’s important to understand the hierarchy of luxury bag brands in order to make solid financial decisions when shopping for one for yourself or your clients. You’ll be so thankful that you took the time to learn about it!
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