Do Chanel bags hold their value?

[luxetoter]

Just a thought. I purchased a Chanel tote bag in June this year. It's a beautiful lambskin boy style tote - it was my first ever Chanel purchase (see image below). Only thing is I've NEVER carried it. It is still in it's beautiful dust bag in the box. It's not that I don't like it, I bought it because it's gorgeous. I'm just a person who does not change in and out of bags. I'm quite content with the bag I am using everyday (LV Lumineuse). Would it be a wise idea to sell it, or keep it since it's a limited edition style?

Btw, I'm not a collector by any means. I own two designer handbags and am grateful!

 

[KellyCoCo]

Use it tomorrow! This bag is gorgeous! I want it!!

 

[ccbaggirl89]

about 90% of my Chanel bags are totes. i've resold a few for profit and resold some for a loss. just imo, i don't think the style or rarity matters with totes as much as the condition and rarity of the color. a color (pink, red, navy) usually has a better chance in totes than a black, imo, to fetch a higher price. this is with totes, with classics it's a totally different sales scenario. i have read many articles from the owners of fashionphile, yoogi's, and other resellers and they all say that chanel totes don't hold value like the classics, so you will generally have to suffer a loss with totes or get a lowball consignment/buyout offer because totes sell slower on consignment sites. but i'd probably still sell it if you don't use it.. it's worthless not being used and at least it's worth something if you sell.

 

[Emerson]

Just a thought. I purchased a Chanel tote bag in June this year. It's a beautiful lambskin boy style tote - it was my first ever Chanel purchase (see image below). Only thing is I've NEVER carried it. It is still in it's beautiful dust bag in the box. It's not that I don't like it, I bought it because it's gorgeous. I'm just a person who does not change in and out of bags. I'm quite content with the bag I am using everyday (LV Lumineuse). Would it be a wise idea to sell it, or keep it since it's a limited edition style?

Btw, I'm not a collector by any means. I own two designer handbags and am grateful!

I have the exact tote except mine has the quilted pattern rather than the chevron! It is by far my favorite bag, I use it for work every single day.

I agree with the others that totes dont hold the values as much when it comes the time to sell. Even with the bag being brand new, you would still suffer a loss.... But I also agree with you that if you never carry it and if it's just sitting in your closets, then it's money wasted...

 

[luxetoter]

about 90% of my Chanel bags are totes. i've resold a few for profit and resold some for a loss. just imo, i don't think the style or rarity matters with totes as much as the condition and rarity of the color. a color (pink, red, navy) usually has a better chance in totes than a black, imo, to fetch a higher price. this is with totes, with classics it's a totally different sales scenario. i have read many articles from the owners of fashionphile, yoogi's, and other resellers and they all say that chanel totes don't hold value like the classics, so you will generally have to suffer a loss with totes or get a lowball consignment/buyout offer because totes sell slower on consignment sites. but i'd probably still sell it if you don't use it.. it's worthless not being used and at least it's worth something if you sell.

Thanks for the response. I almost wish I bought the boy bag instead - something I was also looking at. Sad to hear totes don't hold value.

 

[luxetoter]

As far as selling goes, I've asked a consignment site and they've quoted me about 200 bucks less than what I bought it for, but are asking for a 40/60 split - which is crazy to me. Anyone sell on ebay?

 

[lenaf4ever]

As far as selling goes, I've asked a consignment site and they've quoted me about 200 bucks less than what I bought it for, but are asking for a 40/60 split - which is crazy to me. Anyone sell on ebay?

Forreals, consignment shops are out to get your money as they are looking to profit for their business too. It's truly disheartening when you see such an expensive bag go for such low resell prices.

Bums me out. I would even say the boy bags sometimes doesn't even hold as much value as Chanel's classics. As well as those reissue ones.

 

[ccbaggirl89]

As far as selling goes, I've asked a consignment site and they've quoted me about 200 bucks less than what I bought it for, but are asking for a 40/60 split - which is crazy to me. Anyone sell on ebay?

i do, and i have. i always get much higher for my bags on ebay than i do from consignment quotes. but then you have the headache of dealing w/the buyer and you have to be very patient and not in a rush to sell. consignment stores have much more exposure, but yeah... big losses

 

[Designerhbgirl]

Apologies if this specific topic has been discussed (I did a search and couldn't find anything). I did find many posts about Chanel handbags having good resale value, holding their value, things like that, but I am personally finding out that this is not actually the case. What's the real story? Are my expectations just unreasonable? I'm trying to get at least 70% of the original cost back on a Chanel classic that is in extremely excellent condition, is that not appropriate to expect? I know it's only a handbag but I'm pretty upset by this! And yes, I have tried multiple reputable resellers, consignment shops, etc. I am not interested in dealing with evilBay. Any thoughts or suggestions are welcome and appreciated! TIA!

 

[gail13]

Can you give us examples of what you are finding? Chanel does hold it's value, second maybe only to Hermes or other rare brands. It may also depend how many of this bag are out there and how long you've had it....

 

[catsinthebag]

Designerhbgirl, I've found the same thing. Several months ago, I thought about selling my Dark Blue Reissue 227, a bag that would now retail for $6K, although I bought it one price increase ago. It's in like new condition. If memory serves, Yoogi's Closet offered me about $2,700. That was the consignment price, not the lower buyout price. Ann's wasn't much better. I decided to just hang on to the bag, and have worn it a couple of times since.

In contrast, I recently sold a vintage Hermes Kelly through Fashionphile, and they sold it -- quickly I might add -- for more money than I paid for it a couple of years ago. Because of their cut, I lost a little bit of money, but not much. It was worth it to me because, like you, I don't want to deal with eBay.

I've realized that if I ever buy another Chanel, I really can't think about resale at all. I think the exception might be minis because they are so hard to find in stores.

 

[happy_moon]

Because you use consignment shops which charges like 20%-30% commission, you end up losing, however the bag is still worth more than what you get paid. It's just 20-30% of that goes into the pocket of consignment shops. However it's not the case for many popular youtubers or people on Instagram which have many followers who would buy their secondhand bags directly from them...
I personally don't think selling a like new condition Chanel through consignment shop is a good deal. I'd rather use the bag as much as I can before selling it... as the "decay of price" just slows down more and more with the use of bag..

 

[Meemz786]

Because you use consignment shops which charges like 20%-30% commission, you end up losing, however the bag is still worth more than what you get paid. It's just 20-30% of that goes into the pocket of consignment shops. However it's not the case for many popular youtubers or people on Instagram which have many followers who would buy their secondhand bags directly from them...
I personally don't think selling a like new condition Chanel through consignment shop is a good deal. I'd rather use the bag as much as I can before selling it... as the "decay of price" just slows down more and more with the use of bag..

Excellent points!

 

[ccbaggirl89]

any bag worth some resale value would need to be held for 10+ years.. that is when the bag has time appreciate in value over what you paid, and get some money back. turning a bag around in a few months, or even 1-2 years will lose its value. it's a combination of time passing, the bag remaining valuable and interesting, and the condition. i buy and resell my bags a lot and they mainly lose. the old addage of buy low is best... the bags i can always resell for the same price are the ones i got preloved. the biggest myth is that bags will make people money and so many women think they are really investing in something... such economic stupidity, to be honest. bags are not a monetary investment and you should know that going in you will lose, and sometimes substantially ... no amount of hype online or with forums or youtube will make your bag valuable in the end. most of what you have, you won't make back, so i always tell women not to go into debt for any bag, ever, b/c once you pay that money out, it's pretty much gone.

 

[FunBagz]

any bag worth some resale value would need to be held for 10+ years.. That is when the bag has time appreciate in value over what you paid, and get some money back. Turning a bag around in a few months, or even 1-2 years will lose its value. It's a combination of time passing, the bag remaining valuable and interesting, and the condition. I buy and resell my bags a lot and they mainly lose. The old addage of buy low is best... The bags i can always resell for the same price are the ones i got preloved. The biggest myth is that bags will make people money and so many women think they are really investing in something... Such economic stupidity, to be honest. Bags are not a monetary investment and you should know that going in you will lose, and sometimes substantially ... No amount of hype online or with forums or youtube will make your bag valuable in the end. Most of what you have, you won't make back, so i always tell women not to go into debt for any bag, ever, b/c once you pay that money out, it's pretty much gone.

+1, 100%