I buy bags I love because it is my intention to wear them, not flip them. Sometimes they don't work out. When that happens, I either return them or give them away. Resale value just isn't a factor in my decision to buy or pass on a bag.
Would you buy a bag if it does not have good resale value?
- Thread starter verychic555
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I like bags that not everyone else has. Bags you see everywhere (LV never full, etc.) tend to keep their resale value because of demand. Resale value is fueled by demand, which is why it bags from several years ago generally do not keep their value. There’s no demand anymore.
When I throw down $500+ on a bag, I am going to keep it for a long time. I choose classic bags that I love so even if they start to feel dated, I will love them and still want to carry them. (My go-tos are my Mansur Gavriel small tote and Mulberry zipped bayswater both of which I think will look great for years to come.)
I do consider it because I am one to fall out of love with items fast and then want to get rid of them. With H/C/LV I don't worry too much. I worry far more with Coach/MK and contemporary brands because there is very little value for those bags afterwards. I do buy pre-loved and on sale 90% of the time so that helps.
I don't resale my bags
I buy what I want and what I like
I buy what I want and what I like
Mostly no. I know most designer bags don't hold their value but when I buy a bag, it's usually because I love the aesthetic and the functionality of it.
I agree. If a brand constantly has sales such as Coach/Kate Spade/ Balenciaga I definitely wouldn't pay full price for their items. They're very easy to find on sale or cheap on the secondhand market. I understand the notion of having handbags that are worth something just in case things were to happen but I'd ensure that I have money before that point just in case the money from selling the handbags isn't enough.
I've reached a point in my life where I buy because I like something and it brings me joy. That doesn't mean that I'm fiscally irresponsible, it just means that I work really, really hard and believe that I can treat myself to things that make me happy. If I tire of the item and I can get some money for it, I consider it a win. If not, then I can pass it on to a friend or loved one and hope they can get some joy out of it as well. I buy bags (and clothes, shoes, jewelry, scarves etc) because I like them, not because of resale. I've worked a long time and most of my money goes to savings, college tuition, mortgage etc. When I do buy something for myself, I buy it because I love it and I don't think about it beyond that.
Throughout these few years, my handbag purchase has been very deliberate, which means I really think through my purchases - do I really get much use out of it? Does it go well with my wardrobe etc.
However, resale value isn’t a big deciding factor. If I get a lot of use out of a bag, then the cost per wear goes down. Hence, I’d consider that a worthwhile purchase.
I don’t buy bags planning to re-sell them later (although I did sell bags that ended up didn’t work out for me). I don’t consider my bags as an investment, financially speaking. But, you could say it is an investment that I’ll pass them down to my daughter
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However, resale value isn’t a big deciding factor. If I get a lot of use out of a bag, then the cost per wear goes down. Hence, I’d consider that a worthwhile purchase.
I don’t buy bags planning to re-sell them later (although I did sell bags that ended up didn’t work out for me). I don’t consider my bags as an investment, financially speaking. But, you could say it is an investment that I’ll pass them down to my daughter
.
I don't think resale value impacts my desicion making when it comes to purchasing handbags. I consider handbags only as an investment if I get ton of use out of them. It has to be wearable, useful, durable and timeless and classic in the style. Timeless and classic like leather satchels in my case. I love satchels and it fits my life style. That's why I think I own multiple satchels from the Leather Satchels Co, Proenza Schouler and Massaccesi handbags.
Being into bags is like being into cars, whichever way you look at it, they are depreciating assets (in most cases anyway), so for me they are passion purchases and I buy them because I love them. Over time, I have definitely made mistakes, but as result of my past poor choices I have gotten to know my own habits better and have a better feel of what works for me and what doesn't.
I buy a bags because I love the look and feel of them, good re-sell value is a bonus but not a major consideration. However, increasingly I have found myself gravitating towards brands and styles that may be easier to shift or recover cash at re-sale (i.e. Chanel or LV); this group I will buy directly from boutiques. I still go in for trends and bags I am likely to lose a lot of money on, but I generally search for them pre-loved first.
I buy a bags because I love the look and feel of them, good re-sell value is a bonus but not a major consideration. However, increasingly I have found myself gravitating towards brands and styles that may be easier to shift or recover cash at re-sale (i.e. Chanel or LV); this group I will buy directly from boutiques. I still go in for trends and bags I am likely to lose a lot of money on, but I generally search for them pre-loved first.
Never. If I bought based on resale value instead of what I loved, my closet would be filled with bags that I don’t like or would never carry.
I used to not worry about trends when it came to starting my designer bag journey almost 20 years ago with Fendi, buying a Mini Spy bag in cognac leather, dark brown Zucchino cosmetic top handle (used as a bag) and even a metallic pink and silver Zucchino shoulder bag! I went on to sell these bags at a massive loss, but my biggest loss was losing $2,400 when I sold my LV Suhali Lockit PM in Noir. That depreciation was the hardest to stomach.
Since then, I have been very careful in only selecting black classics, although my Dior Miss Promenade in violet patent is a bag I will never let go of and don't care if it's not a classic. It's my only exception to a somewhat strict rule.
Having said that, today I decided that I am going to return a Coach bag I bought at the end of May and buy a classic LV bag in a dreamy colour (that is not black... but almost
).
I prefer to stick to the classics (for the most part) when it comes to premier designers and do the experimenting and have fun with contemporary designers, as I don't worry as much about resale value at those price points.
Since then, I have been very careful in only selecting black classics, although my Dior Miss Promenade in violet patent is a bag I will never let go of and don't care if it's not a classic. It's my only exception to a somewhat strict rule.
Having said that, today I decided that I am going to return a Coach bag I bought at the end of May and buy a classic LV bag in a dreamy colour (that is not black... but almost
).I prefer to stick to the classics (for the most part) when it comes to premier designers and do the experimenting and have fun with contemporary designers, as I don't worry as much about resale value at those price points.
I never buy a bag with the intention of selling it down the line. Having said that, I have sold quite a few bags that no longer work for me, or were very much an "It" bag (YSL Downtown, Celine Luggage and PS1, for example). I have moved on from needing current trends and have invested in quite a few Hermes and Chanel staples that I will use forever. I can't imagine selling them because it has taken a couple of decades to get them and I appreciate them more than just a passing fancy.
As many others have already said, buy what you love and recoup the price through cost per wear and the joy it brings.