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These are the smartest handbags to buy as an investment, from Hermès to The Row
“We are really seeing people gravitate toward really quality leather pieces that are going to stand the test of time,” McSweeney said, pointing to Bottega Veneta.
The popularity of the Hermès mini Bolide speaks to the quiet luxury trend and how simple, classic styles tend to sell well on the resale market.
While the mini hobo is particularly on-trend at the moment, certain aspects make it a strong sell on the resale market.
“It has those classic elements — it’s super recognizable Chanel, it has the logo hardware and the classic chain strap,” McSweeney said.
While Chanel is one of the most expensive handbag brands out there — resale or new — its notorious price increases have made some of its most popular styles, like the flap bag, less valuable on the resale market when compared to MSRP.
That said, certain styles like the classic Kelly still command prices higher than the market.
Like Kelly bags, Hermès Evelyne bags are a signature of the brand.
Hermès has perfected its scarcity model, racking up waitlists for its most popular styles like the Kelly. Those who don’t want to spend time and money proving their loyalty to the brand can buy one secondhand — at an added cost.
“We know that Birkins and Kellys, you can’t just walk into the store and purchase one of those,” McSweeney said.