LUXURY INVESTMENT PIECES
The next time hubby tells you that your purchase on a designer handbag is simply “outrageous”, remind him that the car he drives is depreciating in value every mile he passes. Then add up the facts about designer goods and how brands like Chanel and Gucci are in fact making you a smart investor of your money.
Taking a look at history, prices of the Chanel Classic Bag have only gone up, and never comes down regardless of the economy, making it safer than investing in the stock market. Between years 2014 to 2018 this handbag has appreciated in value by more than $1000 USD, and it’s continuing to rise.
If you’re thinking about making that purchase, we say the best time is now! Buy low and sell high. As long as you keep your accessories in top shape over the years, you can break even or even make a profit on the hand-me-down.
Photo reference: Yoogis Closet