HOW TO INVEST WISELY
Whilst buying a luxury product it is key to invest in the right brands, the luxury brand effects the reselling value of the item. Prada, Balenciaga, Fendi and Dolce & Gabbana have retail outlets that effect the resell value of their products. Seasonal items and Limited Edition products are risky investments and very rarely have a good resell value, this is because they are no longer current pieces and can get discounted in future sales making the resell value of the item low.
Chanel, Louis Vuitton and Hermès do not have seasonal sales or brand outlets and these bags yearly increase the prices of their products making their resell value higher. Chanel, Louis Vuitton and Hermès are safe investments brands for bag collectors.
MAINTAIN INVESTMENT VALUE
It is important to look after your luxury products to keep the items value. To ensure the highest possible selling price for your items you must keep the item in very good condition. Whilst wearing your items make sure not to scratch or damage the items. Store the items in the original boxes, out of sunlight to make sure there is no colour change due to sun exposure and keep all the accessories that originally came with the item. Dust bags. boxes, authenticity cards and receipts add value to your items.