Do Chanel bags hold their value?

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#16
I feel like bags holding value is a common misconception. Nothing holds value better than jewelry imo. I think only Birkins are the only exception because they do hold their value...IF they are in amazing condition. But for any other bags...the value starts to spiral down the moment you touch it.

Bags are never a monetary investment and never really should be. That's why when people buy bags and call it an "investment" I start to laugh! It may be a good investment in terms of how much you use and love it...but it is definitely not an investment that holds its value.
 
#18
Yoshi1296 said:
I feel like bags holding value is a common misconception. Nothing holds value better than jewelry imo. I think only Birkins are the only exception because they do hold their value...IF they are in amazing condition. But for any other bags...the value starts to spiral down the moment you touch it.

Bags are never a monetary investment and never really should be. That's why when people buy bags and call it an "investment" I start to laugh! It may be a good investment in terms of how much you use and love it...but it is definitely not an investment that holds its value.
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I totally agree!
 
#19
i wouldn't go through consignment sites like that if you are trying to maximize what you get back --- i've sold some preloved designer items (mainly LV) directly and have managed to get back at least 70% of what i've paid - took a little while, but i was in no hurry for funds, so i wasn't going to accept lowball offers.
 
#20
I think what people misinterpret 'hold its value' because of Chanel past prices you were paying a lot less than they are today, for example classic flap bags 10-15 years ago would cost significantly less and would match up to prices of leather Louis Vuitton/ Celine bags and of course with prices going up each year or so people estimate that the Chanel classic flaps will cost the same as a Birkin bag in the future. I'm sure if you hold onto the bag long enough the value of it will increase but not necessarily for the price you paid especially if it's used.

Non classic flaps are another story, as someone said above minis are an exception especially rectangular black mins as most people would settle for those instead of a double flap. I've seen some being sold for nearly £1,000 over retail. As for other styles they're not really great for keeping value.

I guess most luxury brands like PRADA and Dior don't always hold their value and in comparison Chanel probably has the better re sale value along with Louis Vuitton speedy's/ neverfulls but buying a bag to make most of your money or all of your money won't always happen.

Buy what you love rather than what you may get back. Considering re sale value is good but you can't let that make your decision for you because you're almost guaranteed to make a loss.
 
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#21
Keeria said:
I think what people misinterpret 'hold its value' because of Chanel past prices you were paying a lot less than they are today, for example classic flap bags 10-15 years ago would cost significantly less and would match up to prices of leather Louis Vuitton/ Celine bags and of course with prices going up each year or so people estimate that the Chanel classic flaps will cost the same as a Birkin bag in the future. I'm sure if you hold onto the bag long enough the value of it will increase but not necessarily for the price you paid especially if it's used.

Non classic flaps are another story, as someone said above minis are an exception especially rectangular black mins as most people would settle for those instead of a double flap. I've seen some being sold for nearly £1,000 over retail. As for other styles they're not really great for keeping value.

I guess most luxury brands like PRADA and Dior don't always hold their value and in comparison Chanel probably has the better re sale value along with Louis Vuitton speedy's/ neverfulls but buying a bag to make most of your money or all of your money won't always happen.

Buy what you love rather than what you may get back. Considering re sale value is good but you can't let that make your decision for you because you're almost guaranteed to make a loss.
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well said:smile1:
 
#22
ccbaggirl89 said:
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.
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So true!! Agree 100%
 
#23
Thank you all so much for the thoughtful and honest feedback. I really do appreciate it. Just so I don't come across as a total flake, let me set the record straight about a couple things:

* I bought my reissue because I love it, not with resale in mind at all. In fact it kills me to have to sell it.
* At the time of purchase I could easily afford it. Life sometimes takes unexpected turns and circumstances can change without any warning.

I admit I was having a bit of a rant when I posted originally. In my opinion there is a lot of hype in this particular forum about how Chanel has good resale value period, and I believed it until I found myself in the position of having to sell. I realize now that was my mistake.

Regardless of all this, I mean it when I say I really appreciate all of the thoughtful responses. This is why I love the purse blog - I know everyone is only trying to help and has the best of intentions! Thank you all :smile1:
 
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#24
Designerhbgirl said:
Thank you all so much for the thoughtful and honest feedback. I really do appreciate it. Just so I don't come across as a total flake, let me set the record straight about a couple things:

* I bought my reissue because I love it, not with resale in mind at all. In fact it kills me to have to sell it.
* At the time of purchase I could easily afford it. Life sometimes takes unexpected turns and circumstances can change without any warning.

I admit I was having a bit of a rant when I posted originally. In my opinion there is a lot of hype in this particular forum about how Chanel has good resale value period, and I believed it until I found myself in the position of having to sell. I realize now that was my mistake.

Regardless of all this, I mean it when I say I really appreciate all of the thoughtful responses. This is why I love the purse blog - I know everyone is only trying to help and has the best of intentions! Thank you all :smile1:
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I would say that Chanel has a pretty good resell value compared to other designers (not including H) but of course you have to expect to take a loss and some time to sell the bag. Chanel, after all, is a luxury brand and not everyone has thousands of dollars to drop instantly. You may find that it will take months to sell your bag at your asking price. But if you compare reselling Chanel to say, Dior/Burberry/BV/Prada etc.., you'd see that if you go with the other brands you're looking at losing around 50%-60% once the bag has been used (even in excellent condition). Even for an used/EUC Chanel, I'm able to sell it for about only a 20-30% loss (it also depends on color and size) but again, it takes months for the right buyer to come along.

I think when people say Chanel holds it value, they might be referring to the oldies when the prices weren't costing people an arm and a leg to purchase one. I remember my first few classic flaps were only $2600-2800. I can now easily sell them for $3400-3600 given their condition because that's their worth on the free market. I had a black single flap jumbo that I purchased years ago for around $3000. I rarely used it and it was in almost pristine condition (light hardware wear). I sold it last year for $3900. So in that sense, Chanel does have a great resell value but that can't be really applied to today's crazy prices though. No way would I make any money or break even with recently acquired flaps. I think even in 5-6 years, I still wouldn't break even unless Chanel raised the classic prices to the 7-8k range (which I think it a bit ambitious and would drive their revenue into the ground if they tried to price their items in the H range).
 
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#27
I agree, I think the loss is lower with Chanel compare to other designers but you will make a loss. However, boy bags and classic flaps hold their value the best and with constant price increases from Chanel sometimes a seller might make a profit, but this is not always the case.
 
#28
Designerhbgirl said:
Thank you all so much for the thoughtful and honest feedback. I really do appreciate it. Just so I don't come across as a total flake, let me set the record straight about a couple things:

* I bought my reissue because I love it, not with resale in mind at all. In fact it kills me to have to sell it.
* At the time of purchase I could easily afford it. Life sometimes takes unexpected turns and circumstances can change without any warning.

I admit I was having a bit of a rant when I posted originally. In my opinion there is a lot of hype in this particular forum about how Chanel has good resale value period, and I believed it until I found myself in the position of having to sell. I realize now that was my mistake.

Regardless of all this, I mean it when I say I really appreciate all of the thoughtful responses. This is why I love the purse blog - I know everyone is only trying to help and has the best of intentions! Thank you all :smile1:
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I definitely understand what you mean when you say life sometimes throws us a curve ball. I hope you are able to sell it for a reasonable amount
 
#30
catsinthebag said:
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.
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Thank you! It is very nice to know that I am not alone. :smile1:
 
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