The best designer handbags have a story—and they can be worth more than their initial retail value when they go up for sale. Whether it’s an iconic Chanel 2.55 bag or an Hermes Birkin, which was once owned by actress Jane Birkin, these bags have been known to sell for eye-watering sums at auctions and online marketplaces like The RealReal.
While the luxury handbag market has been slowing down in recent months, sales are expected to pick up again this year and next. The global economy is strengthening, and many consumers are returning to buying luxury goods, including handbags.
In LAMEA, a combination of improving economic conditions and higher demand is driving growth. Better economic management, a recovery in commodity prices and stronger financial markets will boost the region’s handbag market.
How to Sell Your Designer Bag
When selling your designer handbag, it’s important to be honest about its condition and wear. This will help prevent scammers from taking advantage of you. It’s also important to determine the selling mode that works best for you: Selling your designer bag at a reseller is typically the safest route, as these stores have the expertise and experience to authenticate and store the bag safely. Direct selling is also an option, but this route requires more work and time to market your bag. designer handbag sales