Im sure all the naive people are going to be okay and wont all madly rush out spending tens of thousands of dollars on luxury handbags somehow believing after reading one persons opinion piece that its the best investment idea theyve ever heard or. , Using big words doesnt make me mad, arguing with multiple people for merely expressing their opinion in the comment section does though. Dont just take my word for it. In fact, Bain estimates that the luxury resale market is estimated to be valued at more than $33 billion. Yeah, great. How about the other people calling out the authors bad opinion, all them me as well? Because viewing a Chanel bag (any bag period) as an investment is incredibly foolish. . Ruminate on your ethics if you feel its okay for readers to be duped of the investment value of a Chanel bag, without the full disclosure of the high risks that come along with a low-quality, yet overpriced bag. For instance, a pink Chanel purse which retails for $3,200 is listed for lease at $320 per week. By their correlations, most collectibles offer diversification to traditional financial assets such as bonds and equities Deloitte. It may not be an investment in the most traditional sense in that bags are meant to be loved and used (could there be a bias in that because its women investing and empowering ourselves and building wealth? My Herms FSH Reveal and Paris Appointment System Experiences. These returns are compared to those from fine art (+2% according to the Sothebys Mei Moses All Art Index), classic cars (+6.2%), and fine wines (+5.4%). !!!! Its plain the mean girls view vibe here is strong with yal. And that there was, for Chanel and Herms. Imagine believing the fiction that a mass-produced handbag, that is still in productionand between its in-store and aftermarket inventory has an availability of at least hundreds of thousands of unitsis at all a sound investment. And it doesnt matter what age you are.. Its as irresponsible and dangerous as telling someone to invest in an MLM or cryptocurrency like a commenter said. Items typically rent on a one-week basis for 5-10% of their retail value. (The information ratio, which puts returns in relation to volatility and thus, reflects, the risk-reward, is particularly noteworthy for Rolex watches and Chanel handbags, which boast very strong information ratios of 200 percent or higher, meaning that the average annual return of 10 percent for Rolex watches, for example, is double the usual fluctuation range of 5 percent.), Looking ahead, Credit Suisse and Deloitte state that as 2022 has been marked by a more elevated inflation regime and higher interest rates, Lagerfeld-designed Chanel handbags are likely to continue benefiting from the scarcity effect in the next few years, and make for the best inflation protection (as measured by performance in extreme inflation periods). They are followed by traditional Chinese works of art, and wristwatches, in particular ones from Rolex, which appear to be the ideal inflation all-weather stores of value., The report comeson the heels of a trio of aggressive price increases for Chanel in 2021, with the brand upping the price of its small Classic Flap bag by approximately 30 percent in 2021, following from an increase of 21 percent in 2020. What if I told you that they are actually a savvy investment option you should consider? We also get your email address to automatically create an account for you on PurseBlog. Have your say Such efforts by the French luxury brand have garnered comparisons to the strategy of rivalHerms, whose wares have been touted for years as among some of the most investment-worthy assets. Can your next Chanel bag make you money? Like thinking mayonnaise is an instrument type of foolish. Your bag might go up in value, or it might go down. Maybe a bit more, or a bit less, but generally speaking, not a huge swing. Oh bless. which is being short sited and very incorrect. It may be coming back but oh so slowly. But still NOT an investment. According to this report: Chanel handbags rose by 24% (likely boosted by the scarcity of Lagerfeld-designed bags) and standing in stark contrast to Birkin bags (-3.6%), Credit Suisse & Delotte, page 16 note Chanel versus Herms, So why the difference? Handbags are here for us to appreciate. Nothing can go wrong here! Tom Baigrie: Protections fork in the road. Luxury handbags and watches continue to beat out other collectibles when it comes to annual returns. With that dumb logic how do we know youre not Laura posing as a different account? However, with Europe having outperformed the S&P 500 by 6.3 per cent in US dollar terms for the year to date (as of 13/06/2017), how much outperformance potential is left? So yes it was an investment for me. In fact, when I was at university, I remember actively trying to avoid spending my money on clothes. Im 55 years and I bought my first Chanel bag in when I was 29 not because of a vibe or exclusivity but because I loved the bag ( and still do ) Chanel doesnt have to be in a Game . This field is for validation purposes and should be left unchanged. I wish you luck with that chip on your shoulder. She said she had read that they were genuinely a good investment. its an opinion piece. Thats pretty disingenuous and quite an immature world view. Whether it sells for $30,000, $20,000, or $10,000, is much harder to predict, particularly in uncertain economic times. Particularly noteworthy are Rolex watches and Chanel handbags, with very strong information ratios of 200% or higher. Let me go buy a Chanel bag as an investment when a recession is looming. After acknowledging that the luxury handbag category fared fairly well: We find that Chanel handbags, traditional Chinese works of art and wristwatches offer the best inflation protection, while fine wines, modern and contemporary art, and American and Latin American art tend to suffer in high-inflation regimes. I hope people who read this article take it the same way they take it like watching a Marvel movie and not something legitimate. I think Danby has taken the piece how it was intended. And then, imagine believing this fiction will be supported by the larger market as the world plunges into a material recession. And guess what? Another article I found, on unusualinvestments.com, suggested buying discounted designer clothes and leasing them out as a good way to get a return on your investment. If there is someone that will buy it because they love it then they will pay the price. Leather cracks and fades, cloth gets eaten by moths. Simply put, the scarcity and lower volatility of Chanel bags. In her latest Weekend Essay podcast, chief reporter Lois Vallely asks if a Chanel handbag is a good investment to diversify your portfolio? This article was from 2019, but I imagine the picture would be much the same now. Hypothetically, lets consider a Chanel flap purchased in December 2021 from a reseller. You often hear about luxury influencers and YouTubers talking about their designer bags as investments and the luxury community is so divided on this topic with one side saying no they are not while the other says they are, indeed. You know you want it. As a matter of fact, this CNBC article states that handbags were better investments than other asset classes. Premium labels like Escada, Gucci, and Jimmy Choo apparently. Almost makes you run out to your nearest Chanel boutique and buy out the collection of handbags. And yet, its clear CS and Deloitte are not addressing purely vintage handbags. The price hikes seem to be directly resulting in boosted revenue, with Jefferies analysts stating in a note in conjunction with the release of Chanels 2021 revenues (the company reported$15.6 billion for the year ending on December 31, 2021 up 49.6 percent compared to 2020 and 22.9 percent compared to 2019), that the sales uplift is purely pricing driven rather than volume driven., Enduring success for the company in terms of its most coveted handbags maintaining stable returns will likely be helped by scarcity, particularly as Chanel looks to cut down in individual buyer volume, perCredit Suisse and Deloitte. We are experiencing an uncertain economic climate right now with the rising living costs, inflation, and now the talk of a recession. On the other hand, look at one of the hottest Herms bags around right now the Mini Kelly 20. Not surprisingly, this discussion focuses on bags. And, more to the point, likely, not the other styles of Chanel bags. Thats me in a vintage store in Notting Hill looking at these beauties to figure out what wouldmake for the best investments. An opinion piece that has the potential to influence readers, especially those who are naive to the whole world of luxury and want more value from their purchases. Assigning roles to genders has happened for centuries, so what can be done to redress the lingering imbalance in financial services, especially in the advice profession? So I dont know why you are desperate in trying to lend any semblance of defense to this. Not to mention everyone has those basic flaps now and theyve become too easily accessible. Personal taste aside, youre right. I sold a lot of them and paid for my son to go to college. Shame on this website and this author for trying to dupe their readers into thinking any bag let alone a Chanel bag is a good investment either youre being paid off by Chanel themselves to make up these poor conclusions or just delusional, More likely Fashionphile to whom they link to in most articles. Thats a whole other topic for another day). I dont know why, theres just something about them that I cant take my eyes off. Conversely, classic cars and post war & contemporary art do best in low or normal inflation times. The rise in prices has not stopped in the United States, and the domestic situation is beginning to have a disturbing atmosphere. Not only that, the recent surge in popularity in Vintage Chanel bags is also driving up the prices for bags that are 20-30 years old. The reason: purportedly increased costs were a partial excuse. Such matters are not worthy of a serious financial publication. Women want bags that provide EXCLUSIVITY, and Chanel hasnt been in that game for a minute. At the same time, Chanel hasalsobeen looking to exert greater control over the distribution of its offerings, including by introducing quotas tocrack down on the quantities of bags that consumers can snap up from its stores each year. Do I Need to Make Appointments at Hermes and Chanel in Paris? Once your account is created, you'll be logged in to this account. With this example, its easier to understand how volatility can affect which bags are better collectible investments. Herms and Chanel bags, along with traditional Chinese works of art and luxury watches, namely those from Swiss titan Rolex are among the alternative investments that have delivered notable returns (even amid the pandemic-induced downturn and enduring macroeconomic and geopolitical shifts), and that stand to provide the most effective shield from rising inflation, according to a Credit Suisse and Deloitte report. Stop misattributing what I said. Imagine getting this mad over a dime-a-dozen comment on the internet. And who do you think is going to pay? 2022 Metropolis Group Holdings Limited and / or its subsidiaries and licensors. Stay mad Karen, Calling a writers opinion piss poor, misinformed, irresponsible, and saying she has myopia and im the mad Karen? Also why are you targeting this specific commenter when multiple people have called out the authors myopia and irresponsibility? I rarely makes comments in discussions like this but I am 57 Love my Chanel bags and at one point I had 38 at one time. Now is the time to get your Chanel bags. What really threw into light the eye watering price tag was the fact that another of my close friends (also called Lois) got a horse for her 21st birthday. And no one with an ounce of conscientious sensibility towards investing would assume this is expert investment advice. Then, one wonders to which bags the report is referring. Stop defending and absolving the culpability of piss poor opinions on a well known luxury bag website. I dont understand your comment.what does an age has to do with a handbag ???? Looking at designer bags as alternative investments, which continues to be my most popular article Ive ever written on Medium. Registered office At 7th Floor, Vantage London, Great West Road, Brentford, England, TW8 9AG. Basic flaps are only one part of the collection. And im not targeting anyone. Shallow Obsessing Strongly Encouraged. Sounds like youre still the Karen since while thinking youre defending some righteous opinion of the author you end up attacking a commenter who wanted to voice their own opinion in response with meltdowns and poor logic to boot. Youre not going to make money on your basic ugly Chanel bag ladies. Youre just copying and pasting your comments from your previous right? By comparison, coins have increased by 21%, first-edition books by 42% and watches by just 72%. All the while household debt continues to climb and wages remain stagnant. Apply for your FREE Money Marketing subscription today to start benefiting from our award-winning editorial content delivered to your home or office every month.
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