The driving force for the company Sell Your Handbag to have enjoyed amazing success for over two generations is that our product, high end luxury handbags, increase with value as time marches on if they have been maintained in the condition they deserve. The same principle occurs with find musical instruments which were created with precision and quality in their inception, well cared for, and continued to grow in value until they become valued far beyond the reach of all except museums or billionaires.
Handbags have not reached the museum or billionaire stage, but the craftsmanship given to the finer designer hand bags such as Fendi, Hermes, Balenciaga, Prada and Chanel in the past are still evident and causes their values to increase proportionately. Louis Vuitton made a very poor market decision when it was revealed that some of his stitched work is actually machine stitching. This small fact, which actually did not weaken his beautiful products nor their quality or beauty one iota, still had a downside to the company’s profits after the news hit the world.
A product well made and maintained is not the sole reason for its increase in value and becoming one of today’s best investments for collectors. Another factor is the fame or prestige of the previous owner. Politicians, royalty, entertainers and even the infamous can add a value to a designer handbag they once owned. That speaks for the fickle mind of the general public more than the actual calculating strategy of collectors and investment strategies.
A particular style and name brand handbag used successfully and prominently in a film or TV series can also make a designer handbag into a million dollar star, as much as the actress who carried it on screen. Sara Jessica Parker’s TV show, Sex And the City made Fendi a name all women revered and envied. In Pretty Woman, Julia Roberts carried a succession of totes and purses during her Rodeo Drive shopping spree that made all women internationally sit up and take notes, and it is certainly understandable. If carrying a purse or clutch like Julia had in that film would make a woman feel just one fraction as beautiful and elegant as the leading character was, why not pad your Christmas wish list?
Whether your investment collection is in Stradivari violins for their continuing beauty, elegance and unmatched performance and quality, or for the hand stitched craftsmanship of cow hide, crocodile small scale skin or vegan designer purses, the object driving the investment’s value is the same. Quality only improves with age paired with caring and good maintenance. Time also makes the surviving quality items more rare, as everything cannot live forever even with exceptional care. So as quality continues and demand increases, value accelerates into the heavens.