Why Investing In A Chanel Bag Is So Worth It?
by Central HULA on May 26, 2023
The fashion industry has increasingly embraced eco-friendliness and sustainability, leading to recommendations to purchase pre-loved pieces. In light of this, investing in one of the best bags available may be a wise decision - and what better option than a Chanel bag? While the cost, maintenance, and practicality of a Chanel bag may seem daunting at first, a well-maintained bag in excellent condition can increase in value by about 10-15% annually.
2018 - Gabrielle Bag
Chanel is one of the few high-end brands that has a higher probability of increasing in value than any other brand, with prices in the secondary market consistently trending alongside retail prices. However, it is crucial to know what to look for when shopping for vintage Chanel bags. For instance, the 2.55 is one of the most iconic accessories but comes in many variations. It revolutionized the bag industry when it debuted in 1955, allowing women to be hands-free and symbolizing the independence of the mid-century woman. Knowing the year of production is also critical in determining your bag's value, as Karl Lagerfeld changed the twist lock to a double “C” style when he became creative director in 1983.
1954 - 2.55 Bag
Furthermore, luxury item prices have been increasing for several decades, with a rate more than twice that of inflation. Harmonizing prices across global markets has also significantly impacted both vintage and retail markets. Asian markets such as China and Japan particularly have notably higher prices, further increasing the value of your vintage Chanel pieces.
2003 - Cate Blancett as Coco Chanel for Vogue Australia
Chanel Vintage Maxi Flap Bag
Investing in a Chanel bag can be a smart financial decision, especially if you are looking for a luxury item that retains its value over time. Their limited production and reputation for quality and craftsmanship make them highly coveted and valuable among fashion enthusiasts and collectors.
Here are some tips to help you keep your Chanel bag looking its best:
Store your bag properly
When you're not using your Chanel bag, store it in its original dust bag and box to protect it from dust, sunlight, and humidity.
Avoid overloading your bag
Chanel bags are designed to hold a specific amount of weight, so avoid overloading it with heavy items that could cause damage to the bag's structure or lead to stretching of the leather.
Clean your bag regularly
Use a soft cloth or a dedicated leather cleaner to wipe down your Chanel bag regularly. Avoid using harsh chemicals or abrasive materials that could damage the leather.
Protect your bag from water and stains
Apply a leather protector spray to your Chanel bag to protect it from water and stains. Be careful when using the bag in rainy weather or around liquids.