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'It' bags are the classic cars of the fashion set
Handbags are the new shoes, the must have "it" accessory that has all the fashion-istas clamouring for the newest offering from popular designers. it is also a market that has more in common with the male-dominated world of classic cars than you'd realise.
Few of you'll have missed the fuss a few of months ago when Sainsbury's sold 20,000 "I'm not a plastic bag" Anya Hind-march totes for [pound]5 each. Within hours those self same unbleached cotton bags were selling for in more than [pound]150 on eBay. "Every girl features a handbag," says Christie's specialist Monica Turcich,
"and every girl wants one. Women now want the 'it' bag and therefore the one nobody else is carrying. They've always been popular and that they are the section of our 20th-century fashion sales that we get the foremost phone calls, but now they're doing particularly well because everyone wants handbags, whereas 10 years ago there weren't the 'it' bags like we've today, simply the classics."
Like cars, most of the newer designer handbags which sell through dealers and auction houses make significantly but their original retail price, losing value the second the initial purchase has taken place. that's excellent news for both collector investors and handbag enthusiasts, 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 purchased in 1994 and was originally a bespoke product. The Kelly bag is that the "holy grail" of the classic handbag world consistent with Turcich. "Chloe and other more contemporary bags are more driven by what's popular now, except for Hermes and Chanel's quilted bag, these are classics which never leave of favor and are always useable.
" Kelly bags are often bought for [pound]600 and may often be sold on for [pound]1,000- [pound]2,000, which isn't bad for a bag which could are bought back within the 1960s.There's no doubt that the majority handbags are being bought to be used, it isn't an investment market within the same way as many other collectables like paul smith,Abercrombie and Fitch,dsquared etc, but again there are parallels to the car market. By buying a classic bag and searching after it, you're unlikely to lose money, rather see a gentle gain with the added return of enjoying using it.Hindmarch's "I'm not a plastic bag" bags are unlikely to form it to "classic" status, they're in any case mass-produced cotton totes, but other handbags from her range might well do so. thus far Christie's has-n't sold any Hindmarch bags, but Turcich says she wouldn't be surprised if they begin turning up at auction soon and she or he wouldn't turn them away. "Kylie Minogue was pictured carrying a Chloe bracelet bag around a couple of years ago which sparked a fashion and now we are selling an equivalent thing at auction."
There is a pristine one within the next auction which is estimated at [pound]800 to [pound]1,000 along side another Chloe handbag within the same lot. "I think Chloe has started the 'it' bag scene" adds Turcich,
"I do not know how long it'll deem them to become classics of their own, but I'm sure these will hold their value in five or 10 years' time. People just don't seem to possess paid attention to the very fact that handbags became the new shoes within the previous couple of years, there's now an appreciation of the planning that goes into them. There are shoe designers that are artists then too with handbags."
It's not always about big names, a couple of weeks ago Ms Minogue was at the shop of Tony Durante, a handbag dealer at Alfie's in London, and purchased a white raffia bag with a horse's head on the front for around [pound]200. Brightly coloured raffia bags are in at the instant because it's summer. Durante says that Kylie loved this particular bag because it had been unusual. Buying it from a vintage fashion dealer she's unlikely to encounter another celebrity carrying one. Durante says that his customers are trying to find this "unusualness" factor.
If you are doing want to retain the worth in your handbag then you ought to choose one that's in excellent condition, may be a good design and delightful . Some "it" bags will undoubtedly go down in value as fashions change, but the classics should stay steady.