Fashion

Must Read: Can Luxury Bags Be Smart Investments? Matthieu Blazy Takes Bottega Veneta in a New Direction


birkin bag

These are the stories making headlines in fashion on Tuesday.

The case for making an investment in a luxury bag
Since the pandemic, demand has heightened for the most exclusive luxury bags on the resale market. Meanwhile, brands like Chanel continue to raise prices. Years ago, bags from brands other than Hermès were not considered something that could grow value over time. Nowadays, these bags are reaching higher prices at resale than the auction and consignment worlds could have expected, Tamison O’Connor reports. At The RealReal, designer bag prices are up 26% since 2019. In the United States overall, the average price for a new handbag has increased 27% in that time. {Business of Fashion}



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