Which Luxury Handbags Hold Their Value Best?

If you’re a fan of luxury handbags, you may know that some handbag styles hold their value well enough to be called “investment bags”. While handbags are not truly a reliable investment in the same way that stocks or property are, there are several luxury handbags that consistently hold their value or increase in value over the years. If you’re a Tustin resident looking to purchase or sell a luxury handbag and want to make the wisest financial decision, follow this guide on which designer handbag brands hold their value best.

Chanel

Chanel is arguably the single most famous and most beloved designer handbag brand in the world. Founded in 1909 as House of Chanel, the brand has always maintained its reputation as the pinnacle of fashion and an icon of luxury. Chanel is infamous for its ever-increasing prices, which harms retail consumers but benefits those who want to sell their Chanel bags or are willing to invest in one long-term. Chanel has several styles that are considered classic and which hold their value over time, but none are more famous than the Chanel 2.55, also known as the Chanel Classic Flap. Since the Chanel 2.55 was first introduced in February 1955, its price increase has far outpaced inflation. From 1990 to present day, the pricing has increased exponentially, doubling in retail value between 2010 and 2019. If you’re looking for a timeless style with a guaranteed long-term increase in resale value, there is no safer or more stylish choice than the Chanel Classic Flap.

Hermès

If budget is of no concern to you, then investing in an Hermès bag will virtually guarantee a good return on investment when it comes time to sell. Hermès, a luxury goods manufacturer founded in 1837, is one of the world’s most valuable brands according to Forbes, and their bags are some of the most sought-after items on the luxury market. Their Birkin and Kelly styles are by far their most famous and will guarantee you the best resale value. The Hermès Birkin bag has become a symbol of wealth in the fashion world due to its exclusivity and exorbitant price. It often has long waiting lists and is often considered the rarest handbag in the world. Its prices range from $10,000 to as much as $300,000 retail, and these prices can increase even more at auction for especially rare items. With the Birkin being such a coveted and iconic bag, it can almost always be sold for more than its retail value. Therefore, investing in a Birkin can be a wise financial decision if you have the money to spare.

Louis Vuitton

Louis Vuitton is a much more accessible brand to consumers, both through quantity and price. However, it still manages to retain most of its value on the secondhand market. Louis Vuitton is a French fashion house founded in 1854. Its LV monogram has become famous across the globe, and Louis Vuitton is one of the most in-demand designer brands on the market, especially for handbags. Louis Vuitton bags do not have the same exclusivity as Hermes nor the same potential for price increases as Chanel, but Louis Vuitton bags still manage to retain 70% of their retail value on average, making them one of the best brands to invest in. The Louis Vuitton Neverfull is the style that best holds its retail value, available in both the Damier and Monogram Canvas materials first introduced in the late 19th century. This classic appearance that has stayed consistent over the past century and a half is what has made Louis Vuitton such a beloved brand with substantial retail value. 

If you’re a Tustin resident seeking to sell or loan your luxury handbag, come visit us at Watch & Wares. We specialize in designer handbag sales and can offer some of the most competitive prices in the area. To schedule an appraisal or find out more about the designer brands that we accept, call Watch & Wares Handbags & Couture at (714) 633-2030 today.

Whether to Sell or Loan Your Jewelry for Cash

Although you always try your best to be organized and on budget, sometimes unanticipated expenses can arise that you aren’t financially prepared for. When you’re in a pinch and need cash quickly, getting a loan from the bank isn’t always a viable option. This endeavor can be made even more difficult, or even impossible, if you have a low credit score at the time. In trying times like these, Tustin and Irvine residents know that Watch & Wares is an excellent solution for getting cash quickly without any judgment. Selling or loaning your valuables will allow you to get the cash you need without affecting your credit score or becoming beholden to your bank. But which is the best option for you: pawning or selling? Here are a few factors to consider when debating whether to sell or loan your valuable jewelry for cash.

Why You Should Loan

If your jewelry has sentimental value and you don’t want to permanently part with it, a pawn loan is a great option. The biggest benefit to pawning rather than selling is the ability to get your item back in the end. With a Watch & Wares loan plan, you have four months to fully repay the loan; once you’ve done so, you’ll receive your item back in the same condition it was given to us. You also have the option to renew your loan by paying off the interest, allowing you more time to find the money and more opportunity to reclaim your item. 

Another benefit of pawn loans is that your credit score is never affected. If you miss a payment or default on your loan, you don’t need to worry about your credit score dropping. If you fail to repay the loan, we simply keep your jewelry as repayment and the exchange is finalized. Unlike a bank loan, loans through Watch & Wares are a quick process that aren’t dependent on your past financial records and won’t affect your future financial records in any way.

Why You Should Sell

Pawnshops don’t exclusively deal with pawn loans; they also buy and sell jewelry and other valuable items. Watch & Wares is a full-service jewelry store with a wide selection of fine jewelry that you won’t find anywhere else. If you’re seeking quick cash but no longer need your item or don’t want to have to worry about a repayment plan, selling is a good way to go. The main benefit of selling is that you’ll receive a much higher value for your item compared to pawn loans. When stores accept jewelry loans, they have to consider the possibility that the customer will default on their loan and not return for their item. This risk of losing out on cash as well as interest is what causes pawnshops to offer a lower value for jewelry that is loaned versus jewelry that is being sold. If you want as much money as possible from the transaction, selling your item outright will guarantee you a higher value. 

Another benefit of selling is the convenience and lack of hassle. If you don’t need any of the items anymore, why pawn them and have to worry about repayment? Selling your items outright means that you won’t have to worry about payment plans, interest, or defaulting on the loan. Bring your unwanted jewelry in for a one-time transaction, and leave with the cash the same day! 

If you’re an Irvine resident looking for a way to get cash fast, or if you have unwanted jewelry pieces that you’re looking to sell, bring your valuables into Watch & Wares Tustin. Our friendly and knowledgeable team members are always happy to assist you with whatever jewelry services you need. We have served the Orange County area for more than 25 years, so you can always trust us to consistently offer fair and competitive values in a comfortable setting with exceptional customer service.