‘It’ bags are the classic cars of the fashion set
Tags: 20th Century Fashion, Auction Houses, Chanel, Christie, Clamouring, Classic Cars, Cotton Bags, Crocodile, Crocodile Skin, Designer Handbags, Ebay, Fashion Handbags, Handbag, Hermes, Holy Grail, Initial Purchase, New Shoes, No Doubt, Sainsbury, Unbleached Cotton
Handbags are the new shoes, the must have “it” accessory that has all the fashion-istas clamouring for the latest offering from popular designers. It’s also a market that has more in common with the male-dominated world of classic cars than you’d realise.
Few of you will have missed the fuss a couple of months ago when Sainsbury’s sold 20,000 “I’m not a plastic bag” Anya Hind-march totes for [pound]5 each. Within hours those same unbleached cotton bags were selling for in excess of [pound]150 on eBay. “Every girl has a handbag,” says Christie’s specialist Monica Turcich, “and every girl wants one. Women now want the ‘it’ bag and the one nobody else is carrying. They’ve always been popular and they are the section of our 20th-century fashion sales for which we get the most phone calls, but now they are doing particularly well because everyone wants handbags, whereas 10 years ago there weren’t the ‘it’ bags like we have today, simply the classics.”
Like cars, most of the more recent designer handbags which sell through dealers and auction houses make significantly less than their original retail price, losing value the second the initial purchase has taken place. That is good news for both collector investors and handbag enthusiasts, but there are some exceptions to the rule.
Last March Christie’s sold a red Hermes crocodile skin Kelly bag for [pound]10,800, this had only been purchased in 1994 and was originally a bespoke product. The Kelly bag is the “holy grail” of the classic handbag world according to Turcich. “Chloe and other more contemporary bags are more driven by what’s popular now, but for Hermes and Chanel’s quilted bag, these are classics which never go out of style and are always useable.” Kelly bags can be bought for [pound]600 and can often be sold on for [pound]1,000- [pound]2,000, which isn’t bad for a bag which might have been bought back in the 1960s.
There’s no doubt that most handbags are being bought to be used, it’s not an investment market in the same way as many other collectables such as paul smith,Abercrombie and Fitch,dsquared etc, but again there are parallels to the car market. By buying a classic bag and looking after it, you are unlikely to lose money, rather see a steady gain with the added return of enjoying using it.
Hindmarch’s “I’m not a plastic bag” bags are unlikely to make it to “classic” status, they are after all mass-produced cotton totes, but other handbags from her range might well do so. So far Christie’s has-n’t sold any Hindmarch bags, but Turcich says she wouldn’t be surprised if they start turning up at auction soon and she wouldn’t turn them away. “Kylie Minogue was pictured carrying a Chloe bracelet bag around a few years ago which sparked a fashion and now we are selling the same thing at auction.”
There is a pristine one in the next auction which is estimated at [pound]800 to [pound]1,000 along with another Chloe handbag in the same lot. “I think Chloe has started the ‘it’ bag scene” adds Turcich, “I don’t know how long it will take for them to become classics of their own, but I’m sure these will hold their value in five or 10 years’ time. People just don’t seem to have paid attention to the fact that handbags have become the new shoes in the last few years, there is now an appreciation of the design that goes into them. There are shoe designers that are artists and so too with handbags.”
It’s not always about big names, a few weeks ago Ms Minogue was at the shop of Tony Durante, a handbag dealer at Alfie’s in London, and purchased a white raffia bag with a horse’s head on the front for around [pound]200. Brightly coloured raffia bags are in at the moment because it’s summer. Durante says that Kylie loved this particular bag because it was unusual. Buying it from a vintage fashion dealer she’s unlikely to bump into another celebrity carrying one. Durante says that his customers are looking for this “unusualness” factor.
If you do want to retain the value in your handbag then you should go for one that is in excellent condition, is a good design and beautiful. Some “it” bags will undoubtedly go down in value as fashions change, but the classics should stay steady.
I sent an email reguarding this post and haven’t been able to get a responce yet, can you please email me when you get a chance?
I’ve recently started a blog, the information you provide on this site has helped me tremendously. Thank you for all of your time & work.
Hey this is a great post. I’m going to email this to my buddies. I stumbled on this while googling for some lyrics, I’ll be sure to come back. thanks for sharing.
Hey, can I use some of the content found in this entry if I provide a link back to your website?
From what ive read on previous blogs this seems to be true so I can also confirm this.
Howdy there,just discovered your Post when i google something and wonder what webhosting do you use for your web site,the speed is more faster than my website, i really need it.will back to check it out,i appreciate it!
Continuo ad ascoltare le notizie parlano di ottenere gratuitamente on-line le domande di sovvenzione così ho cercato in giro per il sito migliore per ottenere uno.
This a great post, very well written, and it also contains a lot of useful facts. I appreciated your professional manner of writing this post. Thanks, you have made it easy for me to understand, fantatic job
I have visited your blog before. The more I take in, the more I keep coming back! ;~)
Ich halte hören die Nachrichten sprechen, bekommen kostenlose Online-Beantragung von Zuschüssen, so habe ich auf der Suche nach den besten Ort, eins zu bekommen.
Found you on Google and just wanted to stop by and say thanks for sharing these fantastic purses!
Thank you for such a great blog. Where else could anyone get that kind of information written in such an incite full way? I have a presentation that I am just now working on, and I have been looking for such info.
I am so glad that I visited this site today. Its and interesting site with useful and relevant information. Its not everyday that you find blogs with such relevant information to what you are searching for.
I will be popping back later tomorrow
Hi. I actually enjoyed reading your writing!. Top notch written content. I might recommend you to submit articles a bit more frequently. This way, having such type of a useful site I think you could rank better in the search engines
Thanks for thenice post. I really find it very significant.it isassistance for me . I would now go on this blog oftenday!
Interesting blog. It would be great if you can provide more details about it. Thanks you
Thank you for such a fantastic blog. Where else could one get this kind of info written in such an incite full way? I have a presentation that I am just now working on, and I have been looking for such information.
I’m going to coat-tail on what “Very Evolved” said… The way you connect to your audience is… Know who you are writing to. You need to pick a Target Audience and stick to them. You wouldn’t write to an audience of 14yr olds the same way you would write to an audience of 60yr olds.
These kind of conversations go on all the time. An automaker will consider variations on the theme of a particular model, and the rabid media will occasionally pick up a snippet of that chatter and blow it way out of proportion. We can’t say whether rumors of a two-door M coupe are reality or just spitballing, though many would argue that such a model is a necessity for success. A two-door M could be offered in both V6 M37 form, and with a V8 as the M56. InsideLine has a rendering that shows a pretty spiffy premium coupe with a unique roof pillar treatment. It’s a nice rendering, but we can posit that the production version won’t be wearing a piece of C-pillar finery to make a ‘61 Valiant jealous.
Great information you write it very clean. I’m very lucky to get this details from you.
Thanks for sharing, I found this story while searching for free lyrics, interesting comments and great points made.
Awesome post. I so good to see someone taking the time to share this information
This article is actually the freshest on this noteworthy topic. I agree with the conclusions and will look forwardto your updates. Thank youwill not just be sufficient,I will now grab your rss feed to stay tuned to any updates.
Your work has always been a great source of inspiration for me. I refer you blog to many of my friends as well.
I found your site on google, It is helpful. I have added it to my favorites.moncler christian louboutin moncler herve leger herve leger herve leger herve leger sale herve leger sale herve leger sale christian louboutin christian louboutin moncler jackets moncler jackets christian louboutin shoes christian louboutin shoes
