Moneybags! Forget the stock market. Experts say luxury handbags can be a MUCH better investment. Here we reveal the winners and losers - and the women with a goldmine on their arm
Once seen as frivolous, designer bags are now guaranteed to give a good return
One handbag was recently auctioned at Christie's for an eyewatering £125,000
Experts now say that high-end bags represent an excellent investment
They could be worth a small fortune as antiques in the near-future
Forget about the fluctuating pound and the price of gold. These days, experts say the best investment a girl can make is to build a decent collection of high-end handbags.
Once seen as the ultimate frivolous purchase, designer bags have now become so coveted that many are almost guaranteed to give a good return. Just how lucrative the trade can be was demonstrated last week at auction house Christie’s, when a blue crocodile-skin Hermes Birkin, decorated with white gold and 18-carat diamonds, fetched £125,000, making it the most expensive handbag ever sold in Europe.
The Lana Marks Cleopatra clutch is worn by a myriad of stars
FROM £316,000 TO £363,000
Worn by a myriad of stars from Dame Helen Mirren to Kate Winslet and hailed by some as the most famous clutch in the world, this Lana Marks Cleopatra clutch is a red carpet classic so it is unlikely to date. This bag’s worth is predicted to be £363,000. It’s also studded with hundreds of diamonds — the sparklers will certainly help the bag retain its value.