Luxury Bags: High-End Feel or Smart Investment?

Have you been wondering if splurging on a luxury bag is just for that high-end feel, or if it's also a smart financial move?

I caught up with leather maestro Peter Nitz to spill the beans on premium bag investments. With years of experience crafting high-end leather goods, he knows a thing or two about investing in luxury pieces.

What are your thoughts on investing in luxury bags? Share your stories and insights down below!

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[hellper]

Value is derived, from what someone’s willing to pay for something.

[s.thomas]

I think people tell themselves and others it’s a good investment to feel justified in making the purchase.

[irnalonso]

I think there is a little confusion about the word investment.
When buying things like clothes or bags, my opinion is that people use the word to talk about pieces that are going to use many times and that they expect to last a lot years. In this contexts, a luxury bag that you can pass to your daughter may be a good investment as long as you take proper care of it
In financial terms, an investment is more or less something that you expect to profit from, that is, that you are going to resell for more money that you paid for. And I totally agree with him, buying luxury items expecting to resell them for a profit seems too risky

[ibrahimal-haidos]

Anything can be an investment based on the period of time and location. The question is : what is a good investment? It is the one that has a lower risk of loss! For example: the land or a property has lower risk of loss (in case of war) which is not frequent. But a bag or a watch can be lost within minutes if the place got burnt (by the simplest thing such as a candle or a toddler exploring the matches) !

[rlkinnard]

Buying Kelly or Birkin has been more lucrative than buying gold.

[Swastika.singhh]

From my past purchases of luxury bags he's right that u don't know if the bags turned out to be a high-end feel or smart investment 😅

[HusiHusi]

In short No. If you want to buy a bag as investment don't do it. Just go and buy gold it keeps it value.

[Stardust]

If someone wants to invest in a luxury brand they should put their money into the brand who make these luxury bags via a thriving stock market. I think a lot of people try to justify this kind of purchase for themself by calling it an investment for validity 🤷🏼‍♀️

The truth of the matter is spending thousands of dollars on a luxury bag is NOT a financial investment, it’s a splurge. If luxury bags were an investment they’d be collected and gifted for college savings, retirement planning, life insurance and so on. Sounds silly doesn’t it? 😂 Of course it does! So I think we know that these purchases are not real investments.

[ladyharriet]

Highly unlikely. When you try to sell your bag one day, the first cut is 50% gone to commission for resellers to sell your bag. That is IF your bag actually sold, only then you get your return. The only one winning is the resellers, not you.

[TheDrSweetTooth]

well sadi. so Louis Vuitton pleasse make your marketing ang luxury thing make work for 20years or more! i have so many investment to you! 😂😂

[stephanc]

no.
unless you know how to maintain, know the network...its possible. otherwise, its a perishable....and tou know why its called that.