25
Nov
‘It’ Bags Are The Classic Cars of The Fashion Set
Posted by: Brad Lithium / Category: Fashion
Handbags are the new shoes, the must have’it’ accessory that’s all the fashion-istas clamoring for the latest offering from favored designers. It’s also a market that has more in common with the male-dominated arena of classic automobiles than you’d realize.
Few of you will have missed the fuss a couple of months back when Sainsbury’s sold 20,000′I’m not a plastic bag’ Anya Hind-march totes for [pound]5 each. Inside hours those same unbleached cotton bags were selling for in excess of [pound]150 on eBay. ‘Every girl has a handbag,’ claims Christie’s consultant Monica Turcich,’and each girl wants one. They’ve always been well-liked and they’re the section of our 20th-century fashion sales for which we get the maximum telephone calls, but now they’re doing particularly well because everybody wants purses, while 10 years back there were not the ‘it’ bags like we have today, simply the classics.’
Like autos, most of the more current designer handbags which sell thru dealers and auction houses make noticeably less than their original retail price, shedding value the second the opening purchase has taken place. That is good news for both collector stockholders and handbag fans, 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 bought in 1994 and was originally a bespoke product.
There’s little question that most handbags are being bought to be used, it is 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 auto market. By buying a classic bag and taking care of it, you are not likely to lose cash, 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’re after all mass-produced cotton totes, but other handbags from her range might well do so. ‘Kylie Minogue was pictured carrying a Chloe bracelet bag around 1 or 2 years ago which sparked a fashion and now we’re selling a similar thing at auction.’
there’s a pristine one in the subsequent auction which is estimated at [pound]800 to [pound]1,000 together with another Chloe handbag in the same lot. ‘I think Chloe has started the ‘it’ bag scene’ adds Turcich,’I do not know how long it will take for them to become classics of their own, but I’m sure these will hold their price in five or 10 years’ time. There are shoe designers that are artists and so too with handbags.’
it isn’t always about gigantic names, a couple of weeks ago Ms Minogue was at the shop of Tony Durante, a handbag dealer at Alfie’s in London, and got a white raffia bag with a pony’s head on the front for around [pound]200. Durante says that his clients 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 top condition, is a good design and lovely. Some’it’ bags will undoubtedly go down in value as fashions change, but the classics should stay steady.
.
Few of you will have missed the fuss a couple of months back when Sainsbury’s sold 20,000′I’m not a plastic bag’ Anya Hind-march totes for [pound]5 each. Inside hours those same unbleached cotton bags were selling for in excess of [pound]150 on eBay. ‘Every girl has a handbag,’ claims Christie’s consultant Monica Turcich,’and each girl wants one. They’ve always been well-liked and they’re the section of our 20th-century fashion sales for which we get the maximum telephone calls, but now they’re doing particularly well because everybody wants purses, while 10 years back there were not the ‘it’ bags like we have today, simply the classics.’
Like autos, most of the more current designer handbags which sell thru dealers and auction houses make noticeably less than their original retail price, shedding value the second the opening purchase has taken place. That is good news for both collector stockholders and handbag fans, 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 bought in 1994 and was originally a bespoke product.
There’s little question that most handbags are being bought to be used, it is 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 auto market. By buying a classic bag and taking care of it, you are not likely to lose cash, 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’re after all mass-produced cotton totes, but other handbags from her range might well do so. ‘Kylie Minogue was pictured carrying a Chloe bracelet bag around 1 or 2 years ago which sparked a fashion and now we’re selling a similar thing at auction.’
there’s a pristine one in the subsequent auction which is estimated at [pound]800 to [pound]1,000 together with another Chloe handbag in the same lot. ‘I think Chloe has started the ‘it’ bag scene’ adds Turcich,’I do not know how long it will take for them to become classics of their own, but I’m sure these will hold their price in five or 10 years’ time. There are shoe designers that are artists and so too with handbags.’
it isn’t always about gigantic names, a couple of weeks ago Ms Minogue was at the shop of Tony Durante, a handbag dealer at Alfie’s in London, and got a white raffia bag with a pony’s head on the front for around [pound]200. Durante says that his clients 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 top condition, is a good design and lovely. Some’it’ bags will undoubtedly go down in value as fashions change, but the classics should stay steady.
.
