Gucci Vault - Anyone Know What This Is?

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No surprise that the "latest" Vault items that dropped today are sold out, with exception as noted.

With appreciation to @Vintagegucciguy - we've already had a great preview of fab vintage pieces!

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Only item still available:
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Absolutely loving some of these vintage pieces. Some were still available when I looked earlier today but I passed on purchasing. Still I love just admiring.
 
I agree with everyone I do wish they posted the prices just to give a better idea of appraisal and current market value. It is also hard to see all these beautiful pieces with a big "sold out" sign next to it. @papertiger and @Vintagegucciguy are filling the gaps!

@Vintagegucciguy and/or anyone else would you mind giving some information on how to insure one's pieces? I am having diffuculties in this area and I have been working on this for several months.
 
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You are correct! very clever. I have approximately 600 pieces in my collection and recently attempted to have Heritage Auction House appraise it (for insurance purposes). I was told that my average appraisal for each piece would be between $600-$800 and in my opinion that was very low beings though I have museum quality pieces and a few pieces that are only know to exist in my collection (says the Archives). Hopefully these prices will give a solid example of what the pieces in my collection are worth.
@topglamchic This is the route I attempted to take. I haven't contacted them recently after the start of the Gucci Vault to see if their view has changed but I think I may just do that.
 
I agree with everyone I do wish they posted the prices just to give a better idea of appraisal and current market value. It is also hard to see all these beautiful pieces with a big "sold out" sign next to it. @papertiger and @Vintagegucciguy are filling the gaps!

@Vintagegucciguy and/or anyone else would you mind giving some information on how to insure one's pieces? I am having diffuculties in this area and I have been working on this for several months.

The logistics of getting insurance for vintage Gucci, like anything, are having items officially appraised by a reputable dealer or auction house. Otherwise you can only insure for what you paid. If, like me, they were inherited, that doesn't work. Christies has links with Gucci (same intertwined owners) and will give you estimates (this is what they'll insure for if you give them the piece to sell). If you choose not to sell you could use this info as appraisal for your own insurance. The estimates are the low end of what (in their experience) the market indicates.

If someone buys from the Gucci Vault and wants to insure, that's easy. It's the price on the Gucci Vault receipt. That's what that piece would cost to replace (if you could replace) and Gucci are considered expert. If you bought the same item on e-Bay as was for sale on Gucci Vault and know both prices, you could probably make a case that yours was worth the Gucci V price.

Price for vintage Gucci can be very subjective and also time-sensitive. It all depends on what's in demand when you appraise. Gucci is not like Chanel where everything vintage has a proven record of doubling pre-loved market every 10 years. Right now, Tom Ford for Gucci era is still hot, RTW is the hottest, and especially long gowns - they are on fire. Apart from TF for Gucci, anything re-issued by AM goes for higher than anything older that hasn't been, e.g. one of my 1960s croco bags is now worth 6 x as much as the other from the same year. Forever popular are the GAC canvas pieces just because of the sig print. However, some Frida pieces are quite hot (Babushka, Hysteria, anything Flora or Bamboo) but not others.

My 40-ish bags span the generations but still only go back to the early-1960s. Value has not so much what we think of as precious, it's whatever he market thinks. For example, I have 3 sig-print bags: 1970 on suede, 1983 canvas GAC (so not even Gucci mainline) and 2009 ltd ed Valentine leather hearts Boston. My Leather Hearts Boston has been valued as the highest even though it's the youngest and a Frida. The 1983 sig-print second highest even though it's GAC, and the least value is the most rare, the 1970, even though it's a rare G-print bag, and I could probably never find another. Fine or silver jewellery, croc, other exotics and my solid silver minaudière are another category in insurance and as I said I could split RTW into Tom Ford for Gucci and all other. Even an extremely rare 1980s Flora parasol is not considered separately from household because they've never been tested in the market and insurers only deal with evidence, the same piece that Gucci archives wanted for the museum.
 
Here's a FYI for anyone who's interested.
 

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