We can see here you have made a slight profit depending on how much the bag sells for. You could try to resell the bag yourself for $3,500 - $4,000 or put the bag on consignment and sell for $4,500 (less fees) so you would make approximately $3,150. Let’s say you purchased a Chanel medium flap bag in 2009 for $2,695. So, what’s the break even point when selling a Chanel handbag? Meaning, when does the handbag move from liability to asset? We estimate around 7 years. So, if we're talking good investments, stick to the stock market! If you invested $1,150 in 1990 in the stock market at an average annual return rate of 6% in 2016 your investment would be worth $5,231. Yes, you made a nice profit of $1,650 but, let’s not forget it took 26 years. If the purse is in very good condition you can resell this vintage bag on your own for $3,000 - $3,500 less your fees (PayPal or EBay) or have a reseller sell the handbag for approximately $4,000, where after their fees, on average, you would make $2,800. It’s now 2016, 26 years later and that same Chanel medium flap bag costs $6,300 Canadian dollars. Let’s say you purchased a Chanel medium flap in 1990 for $1,150 the retail price at that time. There is only one way you can make money on a Chanel handbag: buy the handbag, take extremely good care of it and resell it after many years. This is where the investment part gets tricky. So for a Chanel handbag to be a good investment, first you need to purchase the bag and then sell the bag for a profit. Let’s define a good investment as follows: the process of investing money or capital in order to make a profit. You often hear or read that Chanel bags are a better investment than the stock market or buying a home! While it’s definitely true that the retail price of Chanel bags has skyrocketed over the last few years, are they really a good investment?
Are Chanel handbags a good investment? Sort of.
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