I know there are dedicated brand threads for price increases, but I just found out Valextra has increased their prices and Celine will be implementing an increase in a few days, and obviously there will be more price increases for LV and Chanel later in the year, and I imagine other of your favorite brands have followed through on this too. So my thinking is do any of you feel to be priced out of any of the brands you usually shopped at, or does price increase affect in any way your bag purchases (like buy less bags, but still get the bag you wanted despite price increase)? Or maybe you feel like you have enough and can pause for now? Or rather than getting a bag at a retail price, you’d rather go for pre-owned? Do you think some brands are not worth it anymore the price they’re asking?
I’m definitely starting to feel I have more than enough and will try to focus more on “shopping” my own collection
and so happy I got a chance to get the bags I wanted for a fairer price (some even on sale)
I've realized that the more bags I buy, the less interested I am in them. This may be partially due to the fact I don't like having a lot of stuff and I like using my items; so if I don't see something being used, it gets sold or donated relatively quickly.
Price increases definitely make me think twice though, especially when I think about depreciation of pre-loved goods. Even though I have the general rule of buying what I love, intending to keep and not resale, so price shouldn't matter; I know that I change over time and sometimes there are just things that I no longer like or use anymore; so I'll sell them at a loss.
For pre-owned, it depends; it's been a while since I've bought pre-loved bags (gosh, how I miss the 2015-2018 era of buying pre-loved); but I think I would do it if it was a limited or special edition piece or something very very classic, like a Chanel reissue. Though I'd probably go to 3rd party authentication for peace of mind since super fakes are more and more prevalent nowadays.
Next week is going to be crazy. I have back-to-back exams on Wednesday & Thursday and a cavity filling on Friday...
Ah, school, I don't miss it.
I remember when I studied 6 -12 hours a day! Hard work definitely pays off though, good luck!
I spent last week with my best friend from high school. I was shocked at how much airfare was. She, in turn, was shocked at how much airfare is for the trip she was booking for June. Airfare prices jumped 20% in April alone. While airfares are not bags, the price jump had the impact on me to feel less interested in buying bags.
I remember the prices of private jets ~5-6 years ago and then recently my husband and I looked at the prices, and wow! Are they ridiculous!
(Not that we go on private jets, one of our friend's does)
Interesting note on the secondhand luxury bags rising their prices too, especially when it comes to popular bags like LV or Chanel, do you think it’s because sellers try to narrow the gap between retail and their price and maximize the profit? Sometimes the price difference is so small, that I rather think better to get the new bag from a boutique than having to deal with uncertainty of overall bag condition, authenticity, and so, but that’s totally different topic.
Yes! Especially with all the price hikes, the 2ndhand market follows suit!
During the pandemic, the Covid checks gave people who were still working a lot of extra disposable income. People spent it on stuff like big screen tvs. Maybe purse people used that cash on purses. When people are spending free money, they are less sensitive to price.
I didn't walk into a single luxury store in 2020. When I just started getting back into going out in mid 2021, my SAs told me they were so surprised at the amount of people who used their COVID checks to buy luxury bags instead! It was disappointing to hear.
Sigh....
As for the resale market - I’ve debated selling my Kelly for a couple of years. It’s gorgeous and everything I wanted and every darn time I carry it, someone will say “that’s an expensive bag!” I swear, it’s a curse. This year, I decided that I’m not going to sell it. I can’t afford to replace it if I change my mind. And who knows, maybe I’ll move to an area where Hermes is ubiquitous and no one cares.
Feel free to come to my neck of the woods.
Chanel bags are common. And Hermes, while less common, it's not too hard to see a non-quota bag in the wild, and at certain locations, you'll definitely see quota bags around.
Absolutely agree. I cherish what I already own and my Covid deals (Those deals are unlikely to come around again for a while)
Now that resale has gone up, I also am happy for the opportunity to purchase some items for a better price.
ETA: I do see signs of the resale market softening, and I don’t mind waiting
all this is JMO, and YMMV
Forgot to add, I stop shopping when I am at a high weight or low weight for my range. Bc I cannot properly gauge style choices at high weight; and if I buy at low weight, it only fits or looks appropriate for a nano second. So that, plus price hikes at retail and resale, are serious factors to curb shopping (for years, not months). For me, it’s either feast or famine.
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There was a point right in the first half of 2020 where the value of currency in many countries dropped and it was a great time to buy pre-loved! That's how I got my Chanel CF.
I too see signs of the resale market eventually slowing down and prices readjusting! Best to watch and wait!
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