A few weeks ago, I realized if I sold all my bags, I could technically pull in about $19,000! Have you seen the movie Confessions of a Shopaholic? Hi, that's me. I currently own two vintage Chanel Flap Bags, the Balenciaga Graffiti City Bag, the Saint Laurent Sac du Jour, and more. I scoured the internet to check out pricing and realized it didn't make dollars or sense. Chanel Boy Bags were listed below $2,800 and Hermès Kelly Bags for under $4,000. Buying seemed smarter.
Fast forward...now that things are picking up again and since Chanel, Dior and Louis Vuitton have raised prices, I'm looking at selling.
LePrix has hundreds of ways to help you sell your closet AND make money—as in over 600 of them! So, whether you live in NYC, DC, Austin or even London, we’re your closet—and your bank account’s best friend thanks to our partnerships with hundreds of luxe designer consignment shops. We've got Neverfull handbags, Louis Vuitton belts, the Speedy, the Lady Dior—all in brand new, pre-loved or vintage condition—for much less than retail price. Hoping to unload a Chanel 2.55? We make it easy to help you find the best place to consign or earn quick cash.
If you'rewondering which bags will give you the biggest bang for your buck, let's investigate!
So, is the Birkin a safer bet than investing in the stock market? Many experts say yes, Birkins have a strong history of appreciation. If you have a Birkin lying around your place in particularly good to excellent condition, you might be able to get between 80 and 90 percent of the retail price.
The Kelly Bag is also in the same class as the Birkin as it’s one of the market’s most highly coveted luxury goods. Inspired by Grace Kelly, the appreciative powers of this “it” bag guarantees to either retain or increases in value.
To find out about the resale value of the Classic Flap Bag, we went straight to our very own Emily Erkel. "The Birkin this is not the only handbag that has outperformed the S&P 500," Erkel shares. "Ten years ago, I purchased my first Chanel medium flap in caviar leather for $1600. This same exact bag now retails for $6500. That is a 306% return (not adjusted for inflation). Whereas, in the last decade, the S&P total nominal return was 49% (not adjusted for inflation). The resale value of this bag also retains or increases depending on leather and hardware.”
I’m still dreaming of a Boy Bag, so if you want to sell yours, let me know! Launched in 2011, the Chanel Boy Bag’s retail price started at around $2,500. Today the Chanel Boy Bag starts at $5,100 and it typically retains 90% of its resale value.
The timeless 2.55, created by Gabrielle Chanel in 1955, is designed in a singular rectangular shape with a Mademoiselle clasp and all leather strap. The retail price in 1955 was $220. Now it’s worth $5,800. So that means if you had an unworn Chanel 2.55 lying around in your grandmother’s closet, you could make a cool $3,681.
I’ll forever regret selling my Dior Saddle Bag a few weeks before Dior brought it back. I made about $200 and I could’ve made about $1,200. In this case, it would’ve made dollars and sense to hold on to this classic design and sell later—like NOW. Well, good news for you…now’s the time to sell your Saddle Bag for some serious cash. The resale value on even older designs is on the up and up. Thank you, Carrie Bradshaw.
While Neverfulls are a classic, the ones I love are the ones that are more rare and make a statement! So that’s why I’d only get the Limited-Edition Jungle Monogram Neverfull! That’s great news for you if you’re looking to sell your Neverfull because it’s in high demand on the resale market.
The Neverfull is one of Louis Vuitton's all-time most successful bags. It comes in endless options of materials, plus limited-edition bags, and special artist collaborations. It retains at least 85% of its resale value, unless it's a rare limited-edition bag, which can see up to double the resale value.
This is a perfect investment piece because, unlike statement bags, this timeless design never seems to change. Fads may come and go, but the Lady Dior retains its value by being consistent, and that’s great news for those of us who’d rather our style be considered classic than trendy.
The Baguette takes you back to the early aughts and Sex & the City…but if you decide to sell your Fendi Baguette, it’ll also bring you back some money. Since Fendi relaunched this classic at the Spring/Summer 2019 shows in Milan, it’s officially an icon once again—and hardcore in demand.
Gucci bags tend to be more trendy than classic, but the Dionysus is here to stay, so sell away.
When the Dionysus—a dramatic, structured bag designed by Alessandro Michele—hit the shelves and online shops in 2015, it immediately became a star. The aged metal clasp tipped with two tiger heads and glistening chain straps make a strong statement against the buttery leather, smooth canvas, and luxe python designs, much like the namesake god.
We make it easy for you! Whether you’re looking to clean out your closet or just make a few extra dollars, technology makes it a cinch to make money and save space.
Since we know you're too busy to personally photograph, write up and post all your belongings on some monotonous bidding site, why not consign with LePrix? Whether you’re looking for white glove service or you're more of a DIYer, LePrix is here to help. Simply fill out this form to receive your free consignment kit or visit one of our over 500 boutique partners—click here to find the one closest to you!