Have you stop buying a brand/designer bags because it has little/no resell value?

[lovieluvslux]

I've done the opposite. I have slowed down on buying premier luxury designer bags as I weigh the cost per use of a bag. Due to my lifestyle, I get more use from contemporary or second-tier designers. I plan on buying another second-tier designer bag (Versace), maybe LV azure (premier) and 1 coach bag.

 

[Chinese Warrior]

A definite YES from me!
I don’t buy bags with the intent to sell them BUT I move around a lot due to hubby’s work and I always find myself purging my collection every 3/4 years.

My taste evolve and I age so I think it is natural for my collection to change too. So with each purge, I find that certain brands’ resale value is practically nonexistent! I am in Asia and Tods, Marc Jacob’s just don’t move at all. I just sold two Tods bags in the last three months and I got peanuts for them. So honestly, I probably will stop buying Tods bags all together. Their shoes, I will continue to buy.

 

[Cloudburst2000]

I don't buy bags thinking about resale value as I don't plan on selling the bags I buy. However, I am aware of resale value and will sometimes use it to determine whether I want to buy the bag new or pre-owned. FE, I refuse to buy Stella McCartney new. I bought a new with tags Stella bag from fashionphile for about $580. This bag was from the previous season, never worn, still with tags, etc. It retailed new for over $1200. No way was I going to buy it new from the store when I could get it new with tags for over half-off. So I keep an eye on resale value to see if I should buy new or pre-owned but that is the only reason I keep up with resale value.

 

[paintednightsky]

I am much more mindful now of brands after over 10+ years of accumulating bags. I am much less likely to buy expensive, yet basically no name brands with little to no resell value at all. In the future at this point I am much more mindful that I buy a bag because I love it and not for aspirational purposes on what so on so color/design would like. Eventually I have grown out of certain bags or found some don't work, but can't even sell a $400+ bag at $20 so it gave me the reality check I needed to be mindful of brands and to really think of a purchase before buying.

 

[absolutpink]

I stopped buying contemporary designers a few years ago because I found that I was spending around $400-500 on a bag and then when I was sick of it, which was quickly, I was getting only $50-75 for each one when I sold it. Over the years I have spent thousands on contemporary designers and maybe got a couple of hundred back in total after selling them. I would quickly outgrow not only the style, but also the designer so I was pretty much always looking to get a new one. My last premier designer bag was purchased in 2016, and another one this week. One premier bag every 2 years is a lot different to the 4-5 contemporary bags I used to buy every year!

To me when I make a decision on a bag, I have no intention of selling it and when I buy it I intend on keeping it. However, I do like that if my circumstances were to change, I would be able to resell the bag and recoup at least some of the costs. I bought a LV Speedy 25 back in 2011 for $695, they are now selling brand new for $1,340.00 and resale for around the $1,000 mark (Canadian $). I plan on keeping it, but it's nice to know that I can sell it and get some decent money for it, if I have to. I can't say the same for the contemporary designer bags I have owned. Now I'm sticking to premier designers with more classic styles that I'm much less likely to want to constantly replace and switch out. They cost more up front, but I get more usage out of them than I ever did with the contemporary ones. As I mentioned already, I have never purchased a bag with the intent to sell, and definitely not with the intent to make money, but it's nice to be able to get some money back when you are no longer using them.

I was cleaning out my closet over the weekend and I have a Coach and a MK bag that still have the price info inside them, together they totaled $1,100, and when I tried to sell them on Facebook and Kijiji, I received messages where people were offering me $20! Lesson learned.

ETA: This goes for my every day major bags, which I'm finding I'm only drawn to certain ones now, unlike when I was in my early-mid 20's and wanted it all! If there's a cheaper bag ($100-200 range) that I like, I will buy it! I got a Rebecca Minkoff crossbody bag last year I absolutely love!

 

[taho]

I suppose on paper it would be smart to only buy bags at good resale value but I can't really control what I like and lately I really like Balenciaga but it seems resale value is very low as of late that said I will just buy the ones I really like regardless of whether I can even sell them in the future. For me, I would continue to buy the City, motorcycle style ones.

 

[Amazona]

I haven't stopped buying bags from brands that are difficult to move forward, but I only buy preloved (also massive sale prices might make me make an exception) and make sure it's a style I want to keep for a looong time and get my money's worth out of.
F.e. Lumi is a brand that isn't cheap for what it is, and they do have a pretty OK resell market but the prices are very low when talking preloved. I still love Lumi and have bought several bags and SLGs from them - all except one have been either preloved, -40% sale items or bought in a sample sale for a ridiculous price. The pieces will last me a lifetime because of the high quality of both materials and craftsmanship. That's why I'll probably never sell any of my Lumis again - sold one bag that I bought at a full price, got a reasonable amount when selling but it still hurt a bit. Wouldn't have sold it otherwise but I had used it daily for a year and it had been sitting in my closet for two years after that.

 

[Antigone]

I suppose on paper it would be smart to only buy bags at good resale value but I can't really control what I like and lately I really like Balenciaga but it seems resale value is very low as of late that said I will just buy the ones I really like regardless of whether I can even sell them in the future. For me, I would continue to buy the City, motorcycle style ones.

Yeah, this is me. When I look at prices of bag, it seems smart to buy LV and Chanel for the resale value but my heart sings for the Balenciaga motorcycle and YSL bags. I don't have YSL bags and sometimes I catch myself contemplating them, but when I compare the prices, it seems I'm better off adding a bit more and buying a Chanel or LV but they do not do it for me.

 

[Sparkletastic]

I definitely look at resale when I consider a bag because my taste changes and I may sell any bag down the road. So, I want to be as financially thoughtful as possible.

But, good resale to me just means I’ll get a good portion of my money back. I don’t expect to get all my money back on a product that I’ve used. (It’s weird to me when people think they should get all their money back on a bag they own - even if they didn’t use it. It’s no longer fresh from the store. So it’s earned a discount unless it’s rare and / or highly sought after.) Or hope to gain on the speculation of increased value of products. Bags are no exception.

Now, sometimes “good resale” can be achieved by buying a bag preloved. For example I bought a like new Jimmy Choo bag from Fashionphile for less than 10% of the cost of new. So, while the brand overall has horrible resale, if I decide to sell the bag in the next few years, I’ll certainly get all my money back and may make a teeny bit on it.

That being said, I can‘t / won’t make myself buy bags I don’t absolutely love because of resale.

So, now I tend to buy at the sweet spot of the intersection of (in order of priority)

• crazy love the bag
• functionality
• style staying power
• good resale
• relatively low acquisition price (preferably a sale or if not preloved)

It’s so hard to find bags with all of these qualities but, I’ve found it’s worth it to wait until I do. That being said, if I do have to compromise on a point, it is the acquisition price. If I have to, I’ll buy full price to get exactly what I want. I’m not, however, willing to compromise on any of the other elements - including and especially resale value.

 

[shesnochill]

I am much more mindful now of brands after over 10+ years of accumulating bags. I am much less likely to buy expensive, yet basically no name brands with little to no resell value at all. In the future at this point I am much more mindful that I buy a bag because I love it and not for aspirational purposes on what so on so color/design would like. Eventually I have grown out of certain bags or found some don't work, but can't even sell a $400+ bag at $20 so it gave me the reality check I needed to be mindful of brands and to really think of a purchase before buying.

Exactly how I feel!

 

[Cloudburst2000]

I don't buy bags with the intent to resale. And I don't usually resale anyway. I tend to pass my bags on to my sisters/nieces. But this has only happened a handful of times. I tend to keep my bags. I do, however, refuse to buy Stella McCartney at full price. I have two bags from the brand. I bought both new with tags from previous season for basically half off retail. I actually really like Stella bags but IMO they are overpriced at the store so I won't pay that for them.