INVESTING: Rare Handbag Index

Investment grade handbags have grown in value by 7.8% a year on average since 2004, reveals the JustCollecting Handbag Index, updated in February 2016.

HERMES COGNAC HANDBAG
1990s Cognac Leather Birkin 40cm

HIGHLIGHTS OF THE INDEX

Best performing handbags 2004-2016

  1. CHANEL 2.55 Medium Classic Flap Bag: up 10.6% per annum to $5,000
  2. Hermes 1990s Cognac Leather 40cm Birkin: up 10.3% pa to $13,000
  3. Emilio Pucci 1970s Black Leather & Velvet Pucci handbag: up 8.8% pa to $550
  4. Christian Dior Lady Dior Cannage: up 8.5% pa to $4,000
  5. Coach 1960s Leather Sling Bag: up 7.9% pa to $250

“The designer handbag sector screams ‘investment potential’

Best performing handbags 2014-2016

  1. Hermes 1990s Cognac Leather 40cm Birkin: up 30.0% to $13,000
  2. Coach 1960s Leather Sling Bag: up 25.0% to $250
  3. Christian Dior Lady Dior Cannage: up 14.3% to $4,000
  4. Chanel 2.55 Medium Classic Flap Bag: up 11.1% to $5,000
  5. Hermes Kelly 32cm Sellier Box Calf: up 10% to $5,500
  6. Louis Vuitton Classic 25 Monogram Speedy: up 10% to $550

“The designer handbag sector screams ‘investment potential’,” says JustCollecting‘s Dan Wade. “Top fashion houses produce only a limited number of bags each year, which means demand far outweighs supply – causing prices to rise. It’s no surprise to see Chanel, Hermes and Christian Dior among the leading names. Hermes’ Birkin and Kelly bags are arguably the two most famous handbags ever created. At growth of 10.6% per annum, Chanel’s ‘2.55’ Medium Classic Flap Bag was the best performer since 2004. That’s due to a surge in appreciation for the bag’s timeless style, which – as its name alludes to – was first produced in February, 1955. If you’re looking to invest in a 2.55, avoid the 2005 reissue, which has value, but not as much as the original classic.”

CHANEL flap bag
CHANEL 2.55 Medium Classic Flap

Most valuable handbags in the JustCollecting Handbag Index

  1. Hermes 1990s Cognac Leather 40cm Birkin: $13,000
  2. Hermes Kelly 32cm Sellier Box Calf: $5,500
  3. Chanel 2.55 Medium Classic Flap: $5,000
  4. Christian Dior Lady Dior Cannage: $4,000
  5. Chanel Red Caviar Leather Vintage Weekender: $2,000

RARE HANDBAG INDEX

This Rare Handbag Index tracks the value of investment-grade regularly traded handbags, using analysis of auctions and private sales, in addition to expert opinion. The values shown are reflective of “very good” condition examples – unless otherwise stated.

Make Model ($) 2004 ($) 2014 ($) 2016 % Change in price 2004-2016 % Change in price 2014-2016
Balenciaga Leather Classic City 700 1,300 1,300 85.7% 0%
Chanel 2.55 Medium Classic Flap 1,500 4,500 5,000 233.3% 11.1%
Chanel Red Caviar Leather Vintage Weekender 1,500 2,000 2,000 33.3% 0%
Christian Dior Lady Dior Cannage 1,500 3,500 4,000 166.7% 14.3%
Coach 1960s Leather Sling Bag 100 200 250 150% 25%
Emilio Pucci 1970s Black Leather and Velvet Pucci 200 550 550 175% 0%
Fendi 1990s Khaki Lizard and Beaver Fur 400 1,000 1,000 150% 0%
Gucci Brown Crocodile Skin Crocodylus Porosus, 1960 600 600 600 0% 0%
Halston 1970s/1980s Taupe Ostrich Leather Clutch 50 75 75 50% 0%
Hermes 1990s Cognac Leather Birkin 40cm 4,000 10,000 13,000 225% 30%
Hermes Kelly 32cm Sellier Box Calf 2,500 5,000 5,500 120% 10%
Judith Leiber Multi Mauve Snakeskin, circa late 20th century 300 500 500 66.7% 0%
Louis Vuitton Classic 25 Monogram Speedy 250 500 550 120% 10%
Lucille of Paris Vintage Alligator circa 1960 400 950 950 137.5% 0%
Nicholas Reich Alligator 1960s 350 400 400 14.3% 0%
Prada Brown Snakeskin Vintage Shoulder Bag 300 450 450 50% 0%
Renaud Pellegrino Colorblock Leather Vintage Clutch Bag with Large Studs 30 50 50 66.7% 0%
Roberta di Camerino Brown Velour and Leather Vintage Shoulder Bag 150 200 200 33.3% 0%
Wilardy Pearlescent Lucite Circular circa 1960 200 450 450 125% 0%
Overall $15,030 $32,225 $36,825 145% 14.3%
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