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If you purchase a bag for $2000 and use it for 5 years and sell it for $2000, you have still made a profit. You got 5 years use for free.
I'm tempted to be snarky and ask how Chanel bags (not purses) perform relative to the S&P 500 if they're such a great investment. When it comes to consumer goods that may or may not have a decent resale value, I'd just say you bought it because you wanted it and if it happens to hold or increase in value, that's a bonus. Until you sell it for X dollars, it's a sunk cost and the only return is your enjoyment.
It's not just a book about a bag.
It's about the adventures of this guy as he figures out and works the system.
And it's well written.
It's akin to reading a book about someone climbing a mountain or that Julie And Julia book, etc.
The process makes it interesting.
Also, I may be weird, but I like to be informed on things, whether or not they really interest me. Does that make sense? If someone can make it fun to read about and learn about a handbag or walking the Appalachian trail, etc, I will read the book.
It is my grandmother's black Alligator Hermes Kelly bag. She paid $200 for it in the 1960s and it is now worth upwards of $30,000 according to Hermes.
FWIW, you cannot walk into Hermes and buy a Birkin. They only sell them to very, very, rich, good customers or very famous customers. Even Victoria Beckham had to buy them for years from Michael Tonello.
If you aren't the above you must buy it on the secondhand market.
To all of you pooh, poohing those people that do buy expensive designer bags, just because you don't or won't, please don't try to negate those who can afford and do. It isn't a good look.
Last edited by blueherons; 07-06-2016 at 10:13 AM..
My favorite handbag was $6. I was in Walmart one day just browsing and saw a red, white, and blue cloth handbag on sale. I bought it thinking I could use it on the Fourth of July. This was years ago. I found it was exactly the right size, held things inside well and later found I could just throw it in the washer when it got dirty. Then I dry it, iron it and it is ready to be my favorite again. I have lots of designer bags but that will be my favorite as long as it holds together. It has only one piece of metal which is what snaps it together. Wish I could find some more like it in different colors.
Exactly. As for the logo thing, I won't buy a designer bag with its initials plastered all over it. My lone Coach just has the one Coach logo on the top and the inside Coach creed. I like the Botkier bags because they are only identifiable by their removable metal hangtag and a sewn in label on the inside. They have no attached outside label.
Coach isn't really a designer bag, more like a higher end brand (except for those horrible logo'd things) like Hartman or Tumi luggage.
Quote:
Originally Posted by EastBoundandDownChick
I have high-end and low-end in my closet, nothing in between. I carry my Prada Saffiano tote to work mostly. And that's only because I walk to work, it doesn't even go on the subway with me. When I'm on my own time I carry canvas shopping bags and cheap crossbody styles that are around $20. But I ditched the Coach, Kate Spade, etc. awhile ago. My feeling with bags is you either go all the way or stay cheap.
That's a shame.
I bought my Prada backpack in 1994 for $300 from Prada, sold it in 2001 for $150 and turned around and rolled that money into the larger messenger bag.
Both lived with me on the subway and all over the city while I had my corporate apartment on across from Carnegie Hall. They were able to hold my makeup, wallet, extra pair of shoes (day to night), umbrella, Hermes scarf, and all the stuff I schlepped around the city.
My messenger bag is still in fantastic shape and it is my bag that I use when I travel. It has literally been all over the world.
I'm tempted to be snarky and ask how Chanel bags (not purses) perform relative to the S&P 500 if they're such a great investment. When it comes to consumer goods that may or may not have a decent resale value, I'd just say you bought it because you wanted it and if it happens to hold or increase in value, that's a bonus. Until you sell it for X dollars, it's a sunk cost and the only return is your enjoyment.
My wife sells her Dior and LV bags when she "upgrades" to something better. She is currently selling one of her Dior bags that was just replaced by a Chanel bag.
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When it comes to consumer goods that may or may not have a decent resale value, I'd just say you bought it because you wanted it and if it happens to hold or increase in value, that's a bonus. Until you sell it for X dollars, it's a sunk cost and the only return is your enjoyment.
Woman do it all the time.
