Is your Hermès bag worth a fortune? How handbags became a bona fide investment
telegraph.co.ukArt Market Research (AMR) tracked sales of designer handbags at auctions around the world and found that certain bags by Hermès, Chanel and Louis Vuitton have soared in value by an average of 83% over the last decade - a 6% year-on-year compound growth.
In comparison, coins have grown by 21%, modern first-edition books by 42% and watches by 72%. Old Masters have seen just 4% growth.In 2019, more than 3,500 designer handbags sold for a total of £26.4 million at auction - and that’s not taking into account the thousands more sold via online luxury resellers.“Handbags are no longer bought simply for adornment, but for their ability to hold and even grow their value,” says Sebastian Duthy, director of AMR. “Auction houses are actively trying to.
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