As every smart investor knows, it’s not about the one-time purchase but the future value of your product. That same concept applies to your luxury bags as well, and with the secondhand resale market booming, there’s no better time than to take stock of those potential moneymakers in your closet.
According to research done by clothing and accessory resale site Tradesy over a year, these are the top three brands that earn the most in resale value:
On average, Hermès bags can hold up to 72% of their value when sold secondhand, while Goyard usually goes for about 1.3x its retail price and Chanel bags hold a whopping 86% of their original price.
Statistics from the study also show that classics such as the Chanel 2.55, Louis Vuitton Neverfull and Hermès Birkin are also evergreen products and are always in high demand. Also, one surprising cult label that is making waves in the resale community is MCM, with 80% of listed stock selling out in less than a month.
So ladies, when you’re making your next bag purchase, think smart and make a smart investment—especially since you now know what could be a money maker in the future.