Your H bags ( really any of the handbags )are not an investment. When reselling you are much more likely to lose money. Never buy with the thought you will be able to make your money back on a handbag.
Did you try to resale your bag?
- Thread starter Mira
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ive sold my bags because it was too big or the color just dont work out for me. I dont think its as good as an investment as other things out there because its not an easy thing to maintain! Most of the time, Even if you get it from the store u have to make some purchases to get the bag.. so buy the bag and enjoy it.. dont think too much
I think people say Hermes bags are investments because of the high cost. In the back of some people's minds, the thought is I can justify this "high investment" because I can always sell it. Why yes, the bag can always be sold, but generally not for a profit.
It is funny, I often see Hermes bags on the resell market for a premium, but from what I have read, by the time you sell/consign a bag to a third party reseller, you never break even because the seller fees/consignment fees are so high. The third party reseller makes the profit, not the individual.
I'm really curious how different stores view resellers.
I have seen posts on social media (snap/instagram) of "personal shoppers" aka resellers taking pictures in the store with the SA helping them showcase different items. It is very clear the person who is taking the pictures is a reseller yet, they SA is there to help out..
It really bothers me that they are allowed to do that when their intentions are as clear as daylight, which in turn, is making the reseller market growing..
The personal shoppers bring a lot of business to them, they have a long standing relationship with the brand, the brand knows they also steer customers towards them, they are not people who buy to then flip around, they are open about it and well, they don't really "resell" they are shopping for a customer. Look, if you go to the supermarket for me, and I pay you for what you spent, plus the agreed fee for your time and effort, you are not a food reseller.
I disagree
I don't think the comparison fits. We all know that Hermes has a different game than all other brandsThese personal shoppers know they are working eventually towards buying birkins and kellys only to resell - and that is where they make their money!
If you watch their posts and stories you will see that they get offered multiple birkins and kellys and they list them for sale immediately on the spot
They even say "ready for first cash transfer"!
I’m actually trying to sell my bleu paon b30 right now because I just don’t reach for it, it’s basically still new and I feel the money can be put somewhere else more useful, and someone would love it and use it.
However, I am not trying to make a profit on it, but in order to recoup $ it has to be priced higher since the consigned takes a cut. I hate the whole practice altogether and wish I just had a friend who would want it and love it.
However, I am not trying to make a profit on it, but in order to recoup $ it has to be priced higher since the consigned takes a cut. I hate the whole practice altogether and wish I just had a friend who would want it and love it.
I disagree
These personal shoppers know they are working eventually towards buying birkins and kellys only to resell - and that is where they make their money!
If you watch their posts and stories you will see that they get offered multiple birkins and kellys and they list them for sale immediately on the spot
They even say "ready for first cash transfer"!
The idea of a personal shopper isn't all that different from a SA, if you are super busy and you don't have time to go shopping, you have one, doesn't really appeal to me as I like to pick my own stuff, but I can see where they are coming from. The companies make a lot of money from them, so they get offered a B or K, they are still putting down quite a bit of cash for them, and they take the risk that the bag might not sell as well as they hope.
Look, for Hermes the aloof an limited approach works, it is a brilliant marketing concept, but they are still a company who is out there to make as much money as possible, those personal shoppers make them a ton of money, and if people are daft enough to pay even more for a bag they didn't get from H directly but through a reseller, that works for Hermes by making them oh so exclusive and keeping the myth alive that the brand is an investment.
A few years ago, I made some B lovers cry and others laugh, I had gotten a B, it was for free (long story, I didn't do anything illegal or immoral) and I hated that bag with a passion and really never once used it, OK it was a rare edition in some purple ostrich leather, I don't like ostrich leather at all, that shade didn't work with my clothes or style at all, I had it for years in the box at the back of the closet, then decided to sell it and positioned it on a white sheet in the living room under the window for natural light. To cut a long story short, phone call, I left the room and came back about 30 minutes later, Harvey (at that point in time a new rescue Dobie, 10 month with massive behavioural problems due to his 8 previous owners never socialising him or training him) literally ATE the bag, there were little bits of the leather everywhere, totally beyond repair, I did sell the hardware in the end, but the KEY was missing, so off to the vet, boy gets xray, yup, the key in his tummy... You can guess what I had to do to find the key for the next 3 days, as I wanted to avoid that he has to have a very risky surgery. Btw I didn't tell the person who bought the hardware in the end where the key was, but I made sure I washed it, in fact I had it in a sieve in the garden and hosed it down for about an hour.
For clarity, I noticed the missing key when I cleaned up, just realized it seems like I noticed when I sold the hardware, so I had the hardware and bits of the handle (with some spectacular chew marks on it) - what was left of the leather, it looked like you put it through a shredder. I gained new respect for the biting power of a doberman.
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You could sell a very recent Hermes bag for more than you bought it, but will have to consider consignment fees (or the risks of selling in ebay) plus eventually all other Hermes purchases you may have made to buy that bag that don‘t keep their value.
Plus every year you keep the bag its value in the market decreases, which really is the opposite of a good investment...
Resellers are not investing in bags, they make a business out of reselling them. Their interest is to sell them as soon as possible which again is the opposite of an investment, where you count on your assets earning or at least keeping value before it is a good time to sell or get the returns.
That said, (certain) Hermes bags are a bit of money in the bank in the sense that they are luxury purchases that you can enjoy and then, if you have to sell them, you could recover a good part of what you paid for them, which is much better than, say, a car or a meal at an expensive restaurant
Plus every year you keep the bag its value in the market decreases, which really is the opposite of a good investment...
Resellers are not investing in bags, they make a business out of reselling them. Their interest is to sell them as soon as possible which again is the opposite of an investment, where you count on your assets earning or at least keeping value before it is a good time to sell or get the returns.
That said, (certain) Hermes bags are a bit of money in the bank in the sense that they are luxury purchases that you can enjoy and then, if you have to sell them, you could recover a good part of what you paid for them, which is much better than, say, a car or a meal at an expensive restaurant
Oh that is a stunning bag! I love it! The color looks like the perfect teal
Shame you're selling it
I know, I have gone back and forth on it because I do love it and it's beautiful I just end always end up choosing other bags... it's still not a done deal, so we'll see!!
The bag is gorgeous, but been in that situation so often, if you don't use a bag, it seems to glower at you and remind you all the time that you spent far too much money on it
In that situation as we speak...I've decided to move on. I've been stressing with my decision and think I'll feel better to have this off to a person who will love and wear.
We are moving countries, and I am surprised how much high end stuff I accumulated and managed to hide in wardrobes, under wardrobes, on top of wardrobes... It didn't help that I had the attic converted and turned it into a walk in closet, I feel a bit guilty about the laisser faire approach I had with "If I don't see it, it won't remind me that I blew a ton of money on something I didn't use or wear in the end"