As if we needed another reason to lust after the latest Chanel bag, a new study has revealed that buying one of the Parisian label’s iconic styles could potentially be a safer financial bet than buying a house. Fabulous news, isn’t it?
People often harp on about how certain clothing items are ‘investment pieces’, and often we’ve just used the term as an excuse to buy something we probably shouldn’t. But a classic Chanel 2.55, it seems, really is a money-maker after all.
The research, conducted by experts at vintage handbag authority Baghunter, found that in the last six years alone, the value of Chanel bags had increased by a massive 70%.
When the iconic Chanel 2.55 flap bag first launched in February 1955, its retail price was $220, around £154. By the 90s, its price had hit $1,150 and today, it’ll set you back $4,900.
Another BagHunter report, released back in January, focused on Hermes’ iconic Birkin bag and found that this classic’s value increased by 14.2% year-on-year, making them a better investment than stocks or gold.
To sum up, it seems, we should all go and buy one of each, today!