Which luxury brands have the highest resale value?
With pieces easily running into the thousands, luxury goods can certainly feel like an investment. And they very might well be– the pre-owned designer brand marketplace is a thriving thing in Malaysia, with platforms like Reebonz and MyMilan Milan facilitating the sale and purchase of second-hand branded goods. So if you make the splurge on the designer bag of your dreams, it’s good to know there’s alway a market for it if you change your mind.
What makes one brand’s resale value higher than another’s is its marketing, higher scarcity, and infrequent – if at all – discounts on their products. So which brands have the highest resale value? The RealReal, an American startup that specialises in reselling pre-owned luxury goods, has an idea.
According to The RealReal’s data, the designer brands that hold on to their value the longest are Chanel, Christian Louboutin, Hermès, and Cartier. On the other end of the scale, the brands that lose their value the fastest are Tod’s and Versace.
And if you’re hoping to purchase a designer handbag as an investment, these are the three brands they recommend you should head to:
1. Louis Vuitton
“You can’t go wrong with Louis Vuitton monogram canvas,” Graham Wetzbarger from The RealReal told Racked. “Not only is it very durable, but it holds its value, probably 70 percent of what you paid for it. And then when you consider the brand increases prices 10 percent every year, that’s a great ROI (return on investment).”