The resale market for luxury bags has grown significantly in recent years, with some models seeing a significant increase in value. Here are five bags that have particularly stood out on the second-hand market due to their increase in value.
1. Hermès Birkin: a value that keeps going up
Inspired by the star of the same name, the Hermès Birkin bag is renowned for its rarity and exclusivity. Since its creation in 1984, it has become a symbol of timeless luxury. Between 2010 and 2015, the price of the Birkin in stores increased by 14.2%, and on the second-hand market, its value doubled in seven years. In 2015, a fuchsia porosus crocodile bag was sold for €202,000 at a Christie's auction in Hong Kong, setting a record for the brand.
2. Chanel Classic Flap: a significant increase in prices
The Chanel Classic Flap is another bag whose value has increased significantly. In seven years, the price of Chanel bags has almost doubled. For example, the lambskin model was worth €4,260 a few years ago, compared to €10,300 today. This increase in retail prices has led to an increase in the resale value of these bags on the second-hand market.
3. Louis Vuitton Neverfull: constant demand
The Louis Vuitton Neverfull is one of the best-selling bags on the second-hand market. In 2022, it topped the list of best-selling bags on platforms such as Vestiaire Collective, alongside the Speedy from the same brand. Its popularity and constant demand make it a safe investment for collectors and fashion enthusiasts.
4. Fendi Baguette: A strong comeback
Fendi's Baguette bag, iconic in the 1990s, has enjoyed a resurgence in popularity in recent years. In 2022, it was one of the best-selling bags on the second-hand market, reflecting a trend toward nostalgia and a return to vintage styles. This resurgence has led to an increase in its value on the second-hand market.
5. Lady Dior: A gradual increase
The Lady Dior is another bag whose value has increased in recent years. For example, the Lady Dior Mini was worth €4,300 two years ago, and its price has since risen by €400. This gradual increase in retail prices is also reflected in the secondhand market, where these bags retain a high value.
These examples illustrate how certain luxury bags have not only retained but also increased their value on the secondhand market due to their rarity, popularity, and regular price increases in stores. If you want to track a longer-term indicator, you can consult our Bag30 index.