Pricey handbags are new super-buy for savvy savers as they tend to go up in value even when economy dips
Auctioneers claim the value of bags is 'going through the roof' - up eight per cent a year since 2004 - as they are status symbols for world’s richest women
SPOTTED a heavenly handbag but with an eye-watering price? Snap it up – guilt free.
Bags are the new savvy superbuy for savers, with a pretty decent return locked inside that leather loveliness.
The classy clutches and tempting totes tend to rise in value even when the economy dips as they are status symbols for the world’s richest women.
Brands that draw in cash include Chanel, Fendi, Prada, Christian Dior and Louis Vuitton, with auction prices from £900.
Last May a Hermes Birkin designed by Jean-Paul Gaultier fetched £208,000.
Auctioneers confirm the value of bags is “going through the roof”, up eight per cent a year since 2004.
And they look set to rise.
Pontus Silfverstolpe, co-founder of auction search engine Barnebys, said: “Next time your partner says she wants a handbag and the price horrifies you, just think that it may in fact prove to be an investment.”
MOST READ IN MONEY
One problem, ladies, you can’t use the accessory. It must be kept pristine to bag the best returns. So experts say it’s best to stash it in a BANK VAULT.
Here are eight bags those in the know reckon will reap rewards in the future, their price when new and celebs who love them.
