Chanel vs Hermes as THE investment piece?

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One_Crazy_Bag_Lady

One_Crazy_Bag_Lady

Member
Feb 24, 2017
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145
#1
Hi All. I recently sold a Boy Bag which I have not been using. I would love to hear your thoughts, would you rather buy another Chanel piece, an Hermes piece or keep the money in the bank as savings? I have been eyeing a vintage Chanel Kelly, priced very decently under 2k euroes ..
Just to put things into context, I own about 14 Chanel bags -- Classic Flaps, Boys, a vintage tote and few vintage flaps; and one vintage Hermes Kelly.
 
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#6
I don’t look at bags as investments per se but i usually get tired of certain styles easily esp if not user friendly for my lifestyle then end up selling later. In those cases - Can’t go wrong with both. Bought a chanel bag last year and was able to sell it for more this year with all the price increases. And as for hermes birkins and kelly and constance, can always sell them for as much or higher than you bought it for. But i buy because i love the bag and style, not because i can sell it for higher. It doesn’t hurt that i will be able to, though ☺️
 
#7
megan_jock said:
Hi All. I recently sold a Boy Bag which I have not been using. I would love to hear your thoughts, would you rather buy another Chanel piece, an Hermes piece or keep the money in the bank as savings? I have been eyeing a vintage Chanel Kelly, priced very decently under 2k euroes ..
Just to put things into context, I own about 14 Chanel bags -- Classic Flaps, Boys, a vintage tote and few vintage flaps; and one vintage Hermes Kelly.
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I think based on the timelessness of classic Chanel and Hermes pieces, you really can’t go wrong with either. But I find myself moving away from Chanel to focus on buying Hermes bags. Maybe it’s because the Hermes BKC are so hard to get so I cherish it even more than my Chanel items. But like someone else said, buy what you love, that you can afford. I bought a large Chanel 19 as well as a birkin 35 in Étoupe this year and already have been using the 19 a lot more because of how easy it is to travel with and the fact that it’s light. But I don’t feel the urge to buy more chanel whereas I do with hermes…but I only buy brand-new from the store and not secondhand.
 
#10
lunasauntie said:
I think based on the timelessness of classic Chanel and Hermes pieces, you really can’t go wrong with either. But I find myself moving away from Chanel to focus on buying Hermes bags. Maybe it’s because the Hermes BKC are so hard to get so I cherish it even more than my Chanel items. But like someone else said, buy what you love, that you can afford. I bought a large Chanel 19 as well as a birkin 35 in Étoupe this year and already have been using the 19 a lot more because of how easy it is to travel with and the fact that it’s light. But I don’t feel the urge to buy more chanel whereas I do with hermes…but I only buy brand-new from the store and not secondhand. https://breakfasthoursofficial.com/walmart-pharmacy-hours https://breakfasthoursofficial.com/burger-king-breakfast-hours https://breakfasthoursofficial.com/texas-roadhouse
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thanks for the awesome information.
 
#11
There was a Forbes article on this exact issue in July 2020. This issue was discussed widely earlier this year on CNBC at which point an analyst concluded that an Hermes Birkin is a better investment than gold. I remember that distinctly because my husband asked me to purchase MORE Birkins and my jaw literally hit the floor. I told him that I cannot purchase any more than 2 a year. He has no idea that I still have 1 in the closet from last year he has not yet seen!7E233C3A-E509-46B3-9C6F-062782EED6FD.png
 
#12
To put things into perspective, handbags are man made which can be mass produced so they are not really rare. Regardless of leather materials or craftsmanship, bags will deteriorate overtime and suffer normal wear and tear! These are not considered a viable long term investment in a traditional sense so just buy them if you love them.

For luxury accessories, I consider jeweley made with natural mined gemstones a great investment. They are truly rare, can last forever and can be passed from one generation to the next. At least that is what I told my husband when I want to invest more :-)
 
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#13
From my perspective, bags are not investment in the financial sense. Yes, if you run into financial troubles, you can sell the bags and turn them into quick cash, but it’s almost always at a loss.

Back to Hermes vs. Chanel, at this time, I’d go for an Hermes bag. Chanel bags just aren’t the same quality anymore. I have a Chanel Boy bag in black. I have been thinking about selling it because I have only used it for less than 10 times since I bought it years ago. But, I know I likely won’t part with it because it was a gift from my husband.
 
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#14
PineappleMinnie said:
From my perspective, bags are not investment in the financial sense. Yes, if you run into financial troubles, you can sell the bags and turn them into quick cash, but it’s almost always at a loss.

Back to Hermes vs. Chanel, at this time, I’d go for an Hermes bag. Chanel bags just aren’t the same quality anymore. I have a Chanel Boy bag in black. I have been thinking about selling it because I have only used it for less than 10 times since I bought it years ago. But, I know I likely won’t part with it because it was a gift from my husband.
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That is the other piece of it - some bags hold sentimental value so even if they have a theoretical increase in resale value, you may just never part with it. I stopped buying Louis Vuitton a long time ago because of how mass market it has become (and how filled with logos it is.) But my first ever designer bag that I purchased was a speedy 30 at the flagship in Paris so I can’t seem to part with it. I also never really carry my Prada Galleria tote but my sister gave it to me so I also cannot sell it. So now I just switched to all hermes so that if I do someday want to sell, they generally hold their value well
 
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#15
Bags are not investments. The whole "investment piece" phraseology in fashion means, basically, that if you "invest" in something classic, it will return its value versus a bunch of trendy one-season items - it does NOT mean "put your money in bags instead of in the bank or the actual stock market". The Birkins vs. gold "study" was done by a reseller. Can you profit by owning and then reselling Hermès? MAYBE, if you buy a popular size and color that stays popular and you never or barely use it. Stocks are way, way easier.

If you are looking at a wardrobe piece that will hold value, Chanel does pretty well, but the quality IMO keeps dropping. I'd go Hermès every time.

To answer the OP specifically:

- if the money will never be needed and is pure spending fun money, buy the bag you love from anywhere unless playing the market would be fun for you.
- if the money is not needed right now and very unlikely to ever be needed, I'd put it in the market, but if you really want a bag, I'd get a good deal on Hermès.
- if the money is not needed right now but you could see needing it someday, I'd put it in the bank, BUT you could think about a low-risk portfolio buy in stocks/bonds.
- if the money is at all meaningful to your life today in terms of paying the bills, put it in the bank <3
 
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