By DANIELLE BONILLA
You’ve just received an inheritance from your late Grandmother Muffy who suddenly passed away. Between the funeral arrangements for dear Grandmother, picking up the children, buying baguettes at Balducci’s, phone calls to your hubby on business, SoulCycle, endless blowouts and mani-pedis…there simply isn’t any time for crying! We know dear Grandmother would want us to put the money towards a good cause…like charity, or a polo match, or the children’s college funds. But you’ve got bigger ideas… You’ve always had a penchant for designer bags. So, why not dig your four-inch stilettos into a little investing?
Here are the five best designer bags to invest in and to build a collection around.
Chanel Classic Flap Bag
The Chanel Classic Flap Bag is the perfect investment piece. This timeless bag has been the guiding light of Chanel since it undoubtedly embodies femininity and class with its buttery burgundy interior and instantly recognizable double CC lock. Not to be confused with the Chanel Reissue 2.55 Flap Bag created in 2005 by Karl Lagerfeld. It goes with anything and everything…escorting you from a full day’s work at the office to after dinner drinks with the girls. The Chanel Flap Bag is the ultimate handbag in luxury and style. The price point of this classic bag varies on color and materials, but you can pick one up for a handsome price of $4,900 to $6,000. (Try one out with Caviar leather, the material is so durable it will last forever.)
Chanel Boy Bag
Considered a new favorite mainstay bag of celebrities and Chanel fans alike, this Chanel bag is a tougher, edgier, and more modern version of its predecessor with a strong masculine appeal. The Boy Bag is cleverly named after Boy Chapel who was the love of Coco Chanel’s life. The starting price point of a Boy Bag is $4,300 to $4,700. Pair it with a ripped up Grateful Dead T-Shirt, tight J-Brand jeans and Lanvin flats, the Boy bag is the epitome of classy and cool. (Check one out in the “New Medium” lambskin leather in matte black.)
Louis Vuitton Neverfull
Launched in 2007 by the iconic Louis Vuitton, the Neverfull lives up to its name. You can fit anything in its seemingly endless interior making it perfect for school and travel or stashing your Greenwich Look magazine. This instant classic is functional and durable, available in three sizes of PM, MM, and GM in materials such as the classic Monogram canvas, Damier Ebene and Azur, as well as the Epi leather. The jumping off price point starts off at a more reasonable $1,180 to $2,100. (The bigger the bag, the more Manolos you can fit on the plane!)
Goyard St. Louis Tote
The simplicity and subtlety of this bag makes it an excellent piece and conversation starter. The history of the elusive Goyard began in 1792 and was known as the “Maison de Martin” in Paris, France, long before Louis Vuitton took to fruition in 1854. Goyard is very exclusive as it can only be bought in store, and they seldom advertise their items or sell them online. The price point of a Goyard Tote is $1,200 to $1,600. (Want to be even more VIP? Try adding customization with your initials, which are hand-painted.)
Hermés Birkin Bag
The Birkin Bag is the ultimate symbol of status and wealth. (It’s cousin is the Kelly bag.) The bag is named after Jane Birkin, the English actress best known for her relationship with Serge Gainsberg (who ultimately changed the face of French music and culture). The comely actress sat next to the head of Hermés, Jean Louis Dumas, in 1981 on a short flight from Paris to London. Three years later, the Birkin bag was realized. Each Birkin bag is made by hand in France and can take up to 18 hours to construct. It is available in sizes 25, 30, 35 and 40. The starting price point of a Birkin bag can range from $12,000 up to $200,000. If you’re lucky enough to get your hands on a Birkin bag (the wait can take years, even if you’re already on the list!) it’s the equivalent to a brick of gold.
These five designer bags consistently retain their worth and increase in value over time. (The first Chanel bag was sold for $220 dollars in 1955!) More importantly, if you take proper care of your investment bags, (placing them in dust bags and making sure you have all the authenticity tags handy) you have an even bigger chance of making your money back, and more, in case you would ever want to sell them. So when hubby comes home, you can say you have a closet full of investments! What a splendid idea!