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Handbagpricecrash? Mail Pimping Handbags As Solid Investments

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http://www.dailymail.co.uk/money/investing/article-2984063/Why-woman-s-designer-handbag-not-just-luxurious-accessory-valued-asset.html

  • Most sought-after handbags have matched performance from shares
  • Chanel bag that cost £1,000 in 2004 now worth £3,000
  • Bags from Hermes, Christian Dior and Louis Vuitton have doubled in value
  • Novice buyers warned market is awash with fakes

A vintage handbag is more than a luxurious accessory to swing on the arm.

It can also prove an attractive investment. Over the past decade the value of the most sought-after handbags has risen by an average of 8 per cent a year – matching the annualised returns of the FTSE All-Share Index.

Top performers include the ‘Medium Classic Flap Bag’ from designer label Chanel. This is now worth £3,000 but cost less than £1,000 in 2004.

Other handbags that have seen prices rise more than twofold include those by Hermes, Christian Dior, Louis Vuitton, Fendi and Emilio Pucci.

Even less well-known names – such as Renaud Pellegrino and Halston – whose bags could have been bought a decade ago for as little as £30 can now fetch double this price.

Reetu Rai, 34, from Windsor in Berkshire, loves luxury handbags and has a collection of a dozen designer names.

The data analyst and designer enjoys them so much she has even started designing and making her own under the label Cataleya London.

Reetu says: ‘The elegance and feel of a top handbag speaks out. You can really feel the detail and level of craftsmanship.

'Handbags play a vital role in fashion and vintage bags with timeless appeal will always be in demand – and so be valuable.’

Among Reetu’s modern favourites is a Kate Spade handbag recently bought for £300, a Louis Vuitton for £600 and a Michael Kors for £350. She does not know how much they might rise in value, but believes they will at least hold their price.

If you want to buy that house it seems you need to invest in designer handbags it's a licence to print money. Any idiot could make money with this.

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http://www.dailymail.co.uk/money/investing/article-2984063/Why-woman-s-designer-handbag-not-just-luxurious-accessory-valued-asset.html

If you want to buy that house it seems you need to invest in designer handbags it's a licence to print money. Any idiot could make money with this.

The mail will reword any advertisement into an informative piece of news from anyone for a buck. Whenever I read one of their articles I'm always thinking who has paid for this one. This one seems to be Reetu Rai and her new business Cataleya London.

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The missus has a Vuitton Kelly that she could sell for about 5x what she paid for it and some rare Longchamp bags that are also worth a fortune now on the second hand market. They've certainly done better than the FTSE

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Handbags, like so many other fads? What could possibly go wrong? Probably shouldn't buy handbags as an investment, just buy them because you like handbags!

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The missus has a Vuitton Kelly that she could sell for about 5x what she paid for it and some rare Longchamp bags that are also worth a fortune now on the second hand market. They've certainly done better than the FTSE

I was disappointed to discover than my old Jane Birkin LPs aren't worth a fortune. Apparently it's only her handbags.

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