Many investors buy luxury items with the hopes that these items will appreciate in value until they’re worth far more than their initial asking price. There are many luxury items that can appreciate in value over time, from cars to artwork to high-end clothing. If you’re thinking of investing in some luxury items, you’ll most likely begin by researching items that often appreciate in value. Before you buy these items, be aware that there’s no guarantee that they’ll increase in value over time, so they’re not necessarily good investments. Still, there are luxury items that have grown considerably more in value than other similar items. Here are nine examples of luxury items that can often appreciate in value over time.
1) Certain Designer Clothing and Handbags
Clothing and handbags made by top designers can easily sell for thousands of dollars, and some investors buy these pieces just to resell them. You may think that these high-end pieces will all fetch high resale prices, but certain high-end clothing brands have much higher resell prices than others. Online luxury consignment site The RealReal found that clothing and handbags from Chanel, Louis Vuitton, Hermes, Cartier, and Alexander McQueen all hold their value. Plus, Givenchy, Victoria Beckham, Christian Louboutin, Charlotte Olympia, Van Cleef & Arpels, Goyard, David Yurman, and Alaïa also hold their value. The brands that lose their value the fastest are Valextra, Tod’s, Etro, and Versace. Surprisingly, Alexander Wang, Philip Lim, Marc Jacobs, 3.1 Philip Lim, and Marni also have very low retail values. If you are planning on reselling your designer clothes, be sure to check the designer’s resell value before you make your investment.
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