Tips For Investing In Designer Fashion
Good designer fashion investments involve buying designer pieces that you wholeheartedly believe will increase in value. So when you sell your investments you can make a healthy profit. It seems like an easy investment, and compared to investing in property, it is relatively simple. But here are a few investment tips that you will need to help you make a pain-free profit. Follow these guidelines to make investments in the right designer fashion beauties, so you can turn designer bags into delightful billions.
Invest In The Right Designers
Brands are an essential part of investing in designer fashion items. Think about the legacy of the brand, and how long it has been around for. A brand that isn’t well-known or is losing appeal, may make it difficult when it comes to reselling your item. An investment in designer fashion items means staying smart and up to date about particular designer brands, so you can profit from your investment.
The best investments to make are in the biggest, most well-known fashion houses like Chanel, Christian Louboutin, Marc Jacobs and Moschino. These pieces not only keep their value, but appreciate in value. Luxury beauties by iconic designers that have a worldwide appeal have a massive demand, and if you can supply it at a profitable price, that is a great investment.
Other classic heritage fashion houses such as Christian Dior, Gucci, Prada, Hermès and Versace are also always great investments.
It is important to consider how long the designer brand has been around, and how many people know of and want to buy from the brand. An investment in a designer item is only as good as the name. If you buy a bag from a brand no one has ever heard of, you’re going to have a much harder time selling, so invest in big names and iconic classics.
The More You Use It, The More You Lose
Whatever you buy, you shouldn’t wear it. It’s like if you’re going to invest in wine, don’t drink it. If you are going to invest in clothing, don’t wear it. Invest in pieces that are in excellent condition, and always ensure they have been authenticated before you buy.
Invest in pieces that are made to last, items that are made from high quality, durable material will allow you to sell it down the line without worrying about whether it will withstand the test of time. The best material is leather, specifically a leather with a grain or texture to it. This will help avoid the pain of dealing with scratches or marks. Some great examples are Prada’s Saffiano leather, Louis Vuitton’s Epi leather, and Chanel’s Caviar leather.
Take Good Care Of Your Investments
Good care and storage of your vintage piece are crucial, it will ensure your item keeps its quality so that you can resell it for more money than if it was badly maintained.
How To Take Good Care Of Your Designer Investments:
- Keep bags in their dustbag and shoes in their boxes.
- Keep it away from the elements and direct sunlight.
- Use paper or fabric to stuff your bags or shoes. This will help it keep its structure.
- Use appropriate material cleaner, research the best way to clean your particular fabric first!
Billionaire Bags & Birkins
Designer handbags are widely believed to be the best investments. According to the Knight Frank Luxury Investment Index, handbags were better investments than stamps, art, and rare whiskey in 2019.
Investing in luxury handbags can be a lucrative investment, but like all investments, research is required! A great investment is a classic Chanel bag. The retail prices of these bags can increase between 4% and 25% each year.
For those looking to make a bigger, bolder investments, Hermès handbags are the answer, aren’t they always. Knight Frank said that while the handbag market is being driven by a variety of brands, the Hermes Birkin dominates the high-end of the market. Birkin bags increased 13% in value in 2019, according to the report.
Handbags were the best investment in 2019, even better than art. While art had an overall return of 5% in 2019, handbags clocked in a 13% gain, making it the number one collectible investment for the year..
2019 was the first year Knight Frank included handbag prices in its rankings of collectible-investments, mostly because the number of handbag auctions and online sales has now reached a point where its possible to reliably track their values over time. Over a 10-year-time period, handbags have more than doubled in value, up 108%.
Research The Resellers
In addition to researching the designer & product history and their estimated increase value over time, it’s also important to research things like exchange rates as well as expected selling costs, inflation, liquidity, and taxation in advance.
If you can find that item pre-owned, you can save up a lot of money that will essentially mean larger profit margins. It’s important to keep in mind that when buying second hand online, you must always make sure you’re buying from a respected reseller with a good reputation that sells authenticated designer goods. The best reseller in South Africa is Luxity, a luxury reseller holds the title of the largest source of pre-owned designer goods in Africa!
Luxity buys and sells a variety of the best investment worthy designer beauties, it’s essentially the stock market of style. Whether you are looking to buy or sell your investments, Luxity is the place to plan your investment portfolio, especially when investing in brands like Prada, who do not having any retail stores in SA.
Luxity has two physical stores in Johannesburg, Pretoria and Cape Town and an online store that delivers both nationally and internationally, so what are you waiting for? It’s the perfect time to make billions with Birkin bags.
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