Were you aware that the global luxury handbag segment is projected to grow from $71.84 billion this year to $97.05 billion by 2026?
That suggests a compound annual growth rate of 6.2%, according to Research and Markets in a report earlier this year.
Whether you want something fashionable or functional, a bag collection can help. But you can up the ante with high-quality designer brands.
Here are 5 reasons why investing in a luxury bag collection makes sense.
1. Luxury Bags Last Longer
It makes sense to collect luxury bags because they’ll last longer than lesser-quality bags. Yes, the price point for the former will require you to dig a little bit deeper into your pockets. But the bags will have longevity.
As long as you take care of them, your luxury bags will look great and function well over the long haul. You can also find products on sites like https://bagavie.com/ to protect your valuable handbags.
Unfortunately, cheaper handbags of lesser quality won’t hold up all that well over time. It’s a classic case of getting what you pay for. A collection of a few quality bags is a better investment than a collection of cheap handbags.
2. Designer Bags Hold Their Value
Another reason designer bags make sense is that they typically hold their value over the long haul. So, if you buy luxury bags, you’ll more likely than not see them either hold their worth fairly well or even appreciate in value.
Many people collect designer bags because of, among other things, the resale value. In other words, they might buy a high-end handbag, enjoy it for several years, resell it, and then buy another high-end designer bag.
3. They’ll Help You Stand Out
If you like to make a good impression, you’ll want to put together great outfits. And part of making outfits spectacular are the accessories you pair them with. Designer bags will add glamour to any outfit you put together.
4. There Are Options Aplenty
When it comes to luxury handbags, you’ll find many options available. Luxury handbags allow for many possibilities, whether in terms of sizes, colors, materials, patterns, or purposes.
So, if you tend to be picky about what you purchase, you won’t have to worry. You’ll find many handbags that you’ll be proud to add to your collection.
5. You Can Buy Used If Cost Is an Issue
Are you interested in buying valuable handbags but worry about the cost? If so, one option is to purchase lightly-used quality designer handbags.
Such bags hold their value well–but that doesn’t mean there aren’t deals to be had. So, you’ll be able to pick up used designer handbags for your collection for less than you would pay for new products.
Look around, check out online classifieds, visit secondhand stores, and ask people you know for recommendations.
What Are You Waiting for? Start Your Designer Bag Collection
There are some great reasons to start a luxury bag collection. Most consumer products across different categories lose a lot of value over time. But luxury bags hold their value well, so they’re a great investment.
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