If she can't afford to pay it off all at once, she couldn't afford the bag. The only time I finance luxury purchases is when the interest rate is lower than the interest I make on my investments.
Is anyone else fed up with all the talk of resale value?
- Thread starter BlueCherry
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I get and enjoy the resale talk / info. But, THIS is what drives me crazy. I can completely understand someone having a dressy special occasion bag that doesn’t get worn a lot. Or, I can see how someone could accidentally buy ONE bag that they feel is too delicate for their everyday lifestyle. And, I can even see a life change rendering much used bags unusable - like with a job change or having little kids.
But, when I hear of people having multiple bags that they feel are too precious, dressy, showy, whatever, to wear, I SMH. Bags are to be used. They aren’t museum pieces.
That being said, in most cases I still say live and let live. Maybe some people want bags as museum pieces. LOL! And some people contentedly own bags they don’t wear. Not for me. Can’t understand it. But if they’re happy - ok.
I just get frustrated with those who whine and fret and complain over and over about having bags they’re scared to wear. Either be a big girl / boy and wear them or sell them. Just, for the love of Pete, stop complaining. And please stop compounding the issue with more buying of more bags you still don’t wear.
This is hilarious.
Your debt problem means I should pay extra? No, honeybun. It doesn’t work that way. Lol!
I get and enjoy the resale talk / info. But, THIS is what drives me crazy. I can completely understand someone having a dressy special occasion bag that doesn’t get worn a lot. Or, I can see how someone could accidentally buy ONE bag that they feel is too delicate for their everyday lifestyle. And, I can even see a life change rendering much used bags unusable - like with a job change or having little kids.
But, when I hear of people having multiple bags that they feel are too precious, dressy, showy, whatever, to wear, I SMH. Bags are to be used. They aren’t museum pieces.
That being said, in most cases I still say live and let live. Maybe some people want bags as museum pieces. LOL! And some people contentedly own bags they don’t wear. Not for me. Can’t understand it. But if they’re happy - ok.
I just get frustrated with those who whine and fret and complain over and over about having bags they’re scared to wear. Either be a big girl / boy and wear them or sell them. Just, for the love of Pete, stop complaining. And please stop compounding the issue with more buying of more bags you still don’t wear.
This is hilarious.
I don't think many people buy to store in their cupboard initially, they're usually sharing a possible psychological issue. Perhaps they don't feel worthy to own/wear them, are scared of being judged in a small town or village or just need to get over the shock of the price for one item, whatever it is you can bet another tPF member will identify and offer advice. I don't identify completely as I use my bags but I don't tend to wear most bags straight away.
I think the OP is more commenting on people buying bags perhaps for no other reason than because they are known to have a high resale value and then also being so totally precious with them because it will depreciate their 'investment'.
I remember years ago I could have bought a couple of Chanel bags at a auction, a Classic Flap and a Lucky. This was a 'real' auction and not ebay, just before auction houses got 'with the program' and discovered luxury bags and items actually make money. The reserve was low and it went for a song. Of course I kinda regret not buying them and making some more money but then I know me, I'd probably would have kept them so they'd just be 2 more Chanel bags I like to keep, admire 'just in case...'.
I do have a few items that are museum pieces, at least to me. I have new items from the 90s that I can't bring myself to use because they lasted this long, it seems a shame to ruin their pristineness. I've had a few vintage bags I sold for this reason; I didn't be the one to ruin their perfectness. Many of my vintage bags I only use once in awhile, both to preserve them and also because they are kind of weird looking.I get and enjoy the resale talk / info. But, THIS is what drives me crazy. I can completely understand someone having a dressy special occasion bag that doesn’t get worn a lot. Or, I can see how someone could accidentally buy ONE bag that they feel is too delicate for their everyday lifestyle. And, I can even see a life change rendering much used bags unusable - like with a job change or having little kids.
But, when I hear of people having multiple bags that they feel are too precious, dressy, showy, whatever, to wear, I SMH. Bags are to be used. They aren’t museum pieces.
That being said, in most cases I still say live and let live. Maybe some people want bags as museum pieces. LOL! And some people contentedly own bags they don’t wear. Not for me. Can’t understand it. But if they’re happy - ok.
I just get frustrated with those who whine and fret and complain over and over about having bags they’re scared to wear. Either be a big girl / boy and wear them or sell them. Just, for the love of Pete, stop complaining. And please stop compounding the issue with more buying of more bags you still don’t wear.
This is hilarious.
When choosing a luxury bag, I do like to consider the resale value because for me, the fact that I can sell it for at least a portion of what I paid makes ME feel better about my spending on a luxury bag. Specifically though, because I bore easily and worry about buying a very expensive bag and finding out after a few wears, or even longer, that it either doesn't work for my needs, or I just don't like it any more. This said, I do tend to wear very carefully the first few times, in case I decide rather quickly that I don't like it as much as I thought I would-easier to sell a "like new" bag for less $ loss. But, after I've determined that it's a keeper for at least a while, I'll wear regularly with less concern, but I still know that if I do eventually sell it, I will sell at a loss and be happy to have some funds towards another bag that will be my next best try, and someone else will get a good deal on the one I would otherwise have just let sit on my shelf. Might be twisted thinking but if I didn't know I could recoup a portion of the price when I'm bored with it, I probably wouldn't be comfortable buying it...that's probably just me.
How confident are people in the resell value of their bags? I just look at page after page of LV on fashionphile and wonder if and when the bottom will fall out. We are in good economic times right now but I would think luxury bags would be among the first to feel the heat in a downturn.
It changes all the time. Something that was selling well a year ago isn't doing well today. You never know. The longer you hang onto something without using it, the less it will probably be worth unless it turns out to be one of those things that is highly coveted. I am always wrong at guessing what will sell out.
I've never bought designer bags thinking about the resale value as a reason to wether to buy or not. Neither have i ever sold them. But on my working trips around South East Asian countries particularly around 20 years ago. I noticed many consignment stores popping up left right and centre. I would go in them just perusing. I remember asking a friendly shop assistant, how I never see these types of shops in my home country UK. We struck up a conversation. She was saying many consign so they can release money enabling them to buy the latest designer bag rather than wait a while to save up for it. The mentality was more along the lines of the money they lost was a bit like renting for the enjoyment of using a new collection bag. . She said that actually alot of woman don't want to own the bag for the longterm. But rather they enjoy chasing and having the latest bags released or on trend. She then went on to show me bags that were still in season and that alot of women use the a bag for 6 months or so and then get rid. I guess for some it makes more sense to lose as little as possible in order to pay for the next bag hence the talk on resale values.
It don't bother me when people talk about resale values as it don't effect me. As I have no intention of selling. But it is very interesting discussion seeing other people's take on it.
It don't bother me when people talk about resale values as it don't effect me. As I have no intention of selling. But it is very interesting discussion seeing other people's take on it.
E
Evia
Mulberry bags used to sell for ridiculous money secondhand, it lulled people into expecting high prices for bags they’d bought preloved, and in breaking even when they sold on bags they’d bought at sale prices. They’re out of fashion at the moment and prices have fallen while at the same time the secondary market is flooded with “old style” Mulberry. I think many people over estimated the resale value and saleability of their collections for a while there, and assumptions about resale value led to some risky buying behaviour.
I do this for anyone lecturing me about medical/science "facts."When not a medical professional /scientist.
Also ignore-feature the whiny.
And the pointless-fight prone.
My time is short. Saving it is welcome.
However--the ignored receive no notification. So often keep yammering on & quoting/ messaging me. Ah well.
Hermes sa used "investment" value, when first offered me birkin/kelly.
Recent attempt was the "you seem to use things bought" tactic.
Neither worked.
Owning stuff "worth a lot" causes many to feel they are worth more in society. Or individually.
So every purchase is justified & detailed to death. To prove...something.
Tell super-insecure people the internet named radishes as newest trend. Worth 6x as much in 2 months.
Then watch rush to buy every radish at groceries.
When no one wants rotten veg on ebay, the anger & blaming starts.
A reality hammer falls.
Everything has a limit. And an end.
D
Deleted member 629947
Totally agree. I buy a bag because I want to use it not keep in closet to hopefully see its value ‘increase’.
People who buy limited editions bags, investment bags etc, speculate on the market, inflate prices and the bag becomes an expensive commodity not, as intended, a piece of wardrobe a fancy carrier bag.
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I started selling my collection in the recession. I sold ALL of it. Many were in pristine condition as they had never or rarely been used. They sold for close to what I paid.
Since then the economy has improved and I’ve sold other bags that I have bought and tired of or didn’t work out.
When times are good, high end bag sales fall through the floor because everyone will by new.
Cars are the same.
I will note, I am the lady that parks far away from Target (more exercise). I kept my van extra nice and sold it well above market for a 12 year old van because it wasn’t dinged up.
I also park my car like its Billy no mates in the supermarket car parks. I'd rather walk the extra few metres. I just get fed up coming back to find door dents. Or alarms gone off. Side mirror knocked out of joint.