New York designer Brandon Blackwood started his business in 2015, but rose to prominence in 2020 when he created a mini tote with the words End Systemic Racism in support of Black Lives Matter. It donated part of the proceeds to fund the legal representation of minorities and at the same time became one of the most desirable brands. Her designs have been seen on Zoe Kravitz and Kim Kardashian, and according to a recent study from money.co.uk, her handbags make a pretty good profit just sitting in your closet. They are currently reselling a premium of 100.4%, which is double the amount of your initial investment.
Independent brands beat luxury on resale
The UK-based price comparison website looked at 44 fashion brands, 4 product categories and 13 colors to reveal the designer must-haves that could earn you the most in the years to come. Another pandemic success story and the second most valuable handbag for resale comes from gender-neutral brand Telfar, whose designer Telfar Clemens was named GQ Designer of the Year, recognized by PETA for his support of animal welfare and whose vegan leather tote was chosen by Oprah as one of her favorite things. Its bags generate a return on investment of 87.6%.
Dior is the first traditional luxury brand on the list, coming in third, and could generate a profit of 38.1% on the purchase price. The house recently relaunched the Saddle bag created by John Galliano at the start of the years while the Dior Book Tote available in a range of jacquard and embroidery versions has been a hot item since its launch in 2018. Balenciaga, Burberry and Gucci are at the bottom of the line. the list, their handbags could potentially lose money.
Green handbags have the highest resale value
The color associated with silver, it is perhaps not surprising that green handbags offer a 65.7% yield, potentially more profitable than any other color. Red sacks come in second with a potential return of 49.8%, while silver rounds out the top three with 42.9%. For traditionalists, black is the fifth most popular color for resale. On the flip side, yellow handbags might actually cost you money, selling for an average of 3% less than their original price.