Do Chanel bags hold their value?

TPF may earn a commission from merchant affiliate
links, including eBay, Amazon, and others

#31
I agree with everyone. Chanel should not be think of as "investments". Their resell values are more similar to cars. Depreciation peaks in the first couple years, then gradually slows down in the first ten years. At some point, value stays static. Also, some models, and I say models not brands, hold up better than others. Only the elite 1-2% will ever appreciate in value. Bottom line is, Chanel is considered to have a high resell value in comparison to many other brands for it's evergreen styles, consistent price increases, and no-sale strategy in my humble opinion.
 
  • Like
Reactions: SweetDaisy05 and ccbaggirl89
#34
Great thread! I agree that selling with consignment shops will most likely cause a rather significant loss. I have sold in the past and my advise is the most win-win sell is when you are directly selling to people you know, like neighbors or people you know. You will give them a below retail price and will avoid the hassle and coasts of consignment shops. However, if you do not have any friends who you can directly sell to, I think Ann's Fabulous Finds consignment option brings the most money back. Depending on condition, model, and color, it may or may not sell quickly though.
 
#35
Thank you for all the knowledge passed on in this thread. I am a newbie and so glad I came across this thread. I was also under the same assumption about the resale value from what I had read in this forum. Thanks again for all you've shared. :)
 
#36
I think if you buy pre-owned you are more likely to see your Chanel bag hold its value. Vintage Jumbo XLs for example were around $2000 around five years ago. Brand new medium caviar flaps were $2,450 in 2008 in the boutique, and pre-owned counterparts were less. Granted this isn't an investment instrument - nobody should buy Chanel hoping to profit, but depending on the model and how you buy, you should be able to maintain value of certain staple items over time. Sure if you buy a 227 reissue from the store for $6,000 you will lose, but if you buy it pre-owned for $3,500 to $4,200 in pretty good condition, it is hard to lose.
 
  • Like
Reactions: keodi, llviolet, SweetDaisy05 and 1 other person
#38
To me the value of Chanel (to less extent Louis Vuitton or Celine) lies in the fact that you can resell AT ALL. I have beautiful bags from Burberry, Jimmy Choo or Ferragamo in immaculate condition bought in 2014 and would like to sell them to fund another Chanel :graucho:
I looked on Vestaire/Ebay. Not only the resale price for them was like 30% of the original value but also there was no interest at all - not even likes on Vestaire or wish lists!!!
I've decided since to buy exclusively Chanel not only for its beauty but also the (some) value i could get back in future.
 
  • Like
Reactions: Melissa Ann and SweetDaisy05
#39
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.
Click to expand...
I think what you experienced was more to do with the consignment store than the bag! Yoogi's is the worst, with outrageously low-ball offers in my experience. On the other hand, I have sold a Mulberry Bayswater on Fashionphile and recovered way more money than I expected.
 
#41
Thusfar I haven't sold a Chanel item at a loss. I have sold all of them myself though so no consignor fee. Typically have mainly owned classics and some vintage, some preowned, some were new purchases. I remember that bronze reissue that I fell out of love with and then Jessica Alba was photographed with it and it almost doubled after that pic started circulating. Or the classic flap that was $1650 new and sold for $3000. The profits definitely helped to finance the Hermes habit when that started. Didn't buy to resell or make such profits but that was what the market allowed at that time.
 
#43
I strongly agree!! There are constantly people posting threads about Chanel value and it seems many actually think they will hold their value. We all know that all Chanel bags do not hold their value. I feel there is a clear need for education on this point.
 
  • Like
Reactions: Guesswho
#44
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.
Click to expand...

Thank you for this post. Chanel lovers need to know this! [emoji173]️
 
#45
I think it depends on where you're located, what you're trying to sell, and what the current retail price is. I sold a GST for $2900 last year and I bought it in 2013 for $2625+tax. Over all, I lost less than $100, which is fine by me. I agree with a lot of the posters, selling through consignment will rarely give you back close to the amount you paid. In order to get the most, you need to sell on your own. I'm never in a rush to sell so I always wait out for the best offer. The most I've ever lost is selling through consignment. But sometimes people can't be bothered with selling on their own and consignment stores may sell items more quickly so that's always a good last resort option.
 
  • Like
Reactions: Keren16
You must log in or register to reply here.
Top