You Won't Believe How Much Chanel Bags Have Increased in Price
In case there was any doubt in your mind that Chanel bags are a bonafide investment, let this serve as proof. Baghunter recently conducted a study on the price history and investment potential of Chanel handbags, and their findings were shocking, to say the least.
As you're likely aware of by now, the price of a Chanel 2.55 flap bag, their most popular style, has skyrocketed to a whopping $4900. It retailed for $220 in 1955. But that was a long time ago. What's really eye-opening is the price increase of the medium 2.55 bag over the past 6 years—70 per cent. In 2010, one of the bags would have set you back $2850, which sounds like a bargain by comparison. The inflation pattern has even outperformed ever-rising housing prices. Baghunter points out in their study that these price increases are indicative of the entire scope of the brand's handbag collection.
The good news is that if you already own one of these bags with hopes to sell, the return on investment is currently as high as 80 per cent of the sale value. The bad news is that if you have yet to purchase one, another value increase is expected this year (i.e. likely above $5k for the 2.55). The verdict? If you've been saving up for a highly-coveted Chanel bag, it's in your best interest not to wait to take the plunge. And if you purchased one years ago, do your best to keep it in mint condition and you're likely to make a profit if you ever part ways with it.
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