Chanel, Louis Vuitton, Dior: All makers of iconic handbags that every fashion girl aspires to have in her closet. If you’ve ever been curious about which designer bag tops the style set’s most-wanted list, you needn’t wonder anymore: luxury resale site Vestiaire Collective has launched the Global Bag Exchange Index, counting down the top cult-status bags sold through their community—from Chanel’s Boy Bag to Saint Laurent’s Sac Du Jour to Gucci’s Dionysus. We got the inside scoop from Soohee Cho, Director of Supply at Vestiaire Collective, on the 25 bags that top the list, plus tips on best practices when it comes to making a designer handbag investment. Read on to find out fashion’s most coveted bag, and shop each style from the site.
Fashion's Favorite Handbags
Why these bags still make a great investment:
"Yves Saint Laurent once said, 'Fashions fade, style is eternal.' Iconic bags are the epitome of timeless style, quality and beauty. These bags are not only great investments in terms of elevating style, but they often have higher resale values, making them a smart financial investment. For example, select Hermès Birkins from 2012 in very good condition have been sold for more than the original price of purchase."
Is it smart to purge an investment bag when it hits cult status or keep for the long haul?
"It’s best to purge when you are ready to let it go. You might get a higher return when selling during the peak of its popularity, but if you’re not ready to part with it, the financial gain isn’t worth breaking up with your beloved bag."
Which types of bags are always worth holding onto and which ones increase in value over time?
"The Chanel Timeless, Louis Vuitton Speedy, Hermès Birkin and Kelly as well as Balenciaga's City bags are a few of the top-ranked and best-selling on Vestiaire Collective. Exclusive colors, materials or limited-edition bags are all factors that can determine a higher resale value."
Is it cool to now invest in the bags that were huge years ago?
"Iconic bags are reissued and reinterpreted by the luxury houses every so often. This means owning an It bag is like owning a piece of history in its original form. There is something very cool about that. Also, we think it's always a good idea to invest in items you love, regardless of when it was most popular."
Any additional or important facts to know about buying or selling designer bags?
"When purchasing a bag, be sure to assess quality, desirability, and rarity as these three metrics can increase the value when you are ready to sell it. When selling an item, there are two major rules to keep in mind. First, take care of your bag by keeping it in its original storage when you aren’t using it, and keep the accessories it came with such as the dustbag and authenticity card. Second, sell through a trusted site such as Vestiaire Collective that helps monitor the community so it is a safe place to sell and make purchases."