4 Reasons Why a Louis Vuitton Handbag is a Timeless Investment
A Louis Vuitton handbag is more than a timeless symbol of status, prosperity, and style. In fact, Louis Vuitton handbags are a timeless investment, surprisingly found in diversified portfolios.
Jacqueline Szeto-Meiers, an investment banker VP at TD Securities, owns 38 Louis Vuitton handbags, which will be passed onto her daughter as an investment inheritance. Can a Louis Vuitton handbag make for a good investment for both your wardrobe and portfolio? Here are four reasons why a Louis Vuitton purse is more than just a designer handbag.
1. A Louis Vuitton handbag can be good for your career. In today’s status-driven society, showcasing your good taste can be a cornerstone in your career. If you work in finance, marketing, or fashion, a Louis Vuitton handbag can set you apart from the crowd. To succeed in business, you should always dress for the position you desire, and a Louis Vuitton purse can emulate your upwardly mobile status.
2. Louis Vuitton handbags increase in value. Historically, the price tags on Louis Vuitton handbags have consistently increased. For example, the Beverly Louis Vuitton handbag was originally sold in retail stores for $1,000. Due to the popularity of the style, the price escalated to $1,230 one year later in stores. It is difficult to find another investment tool that appreciates 23% in only one year. While the Beverly may not be indicative of the price appreciation of all Louis Vuitton bags, it does demonstrate the inherent value found in these status-symbol purses.
3. There is a seller’s market for Louis Vuitton handbags. With the rise of auction houses like eBay, vintage and used Louis Vuitton handbags have soared in value. In addition, a hard-to-find Louis Vuitton handbag from the current season can fetch hundreds more on the auction site. For example, the Murakami Louis Vuitton handbag was very difficult to find in retail stores; subsequently, the price for this purse skyrocketed on eBay, creating significant profits for the sellers. Whether you hold onto your Louis Vuitton bag for one season or 10 years, you stand to make a profit on your investment.
4. A Louis Vuitton handbag is always in style. In contrast to other brands whose glory fades, Louis Vuitton has withstood the test of time. Founded in 1854, Louis Vuitton has been renowned since the 19th century. From Audrey Hepburn to Catherine Deneuve, the most famous women have sported Louis Vuitton purses. In fact, many women assert that a Louis Vuitton handbag looks better with age, as the luster and softness of the leather truly shines with time.
Whether you want to make a fashion statement or simply a good investment, the classic leather bag embossed with the timeless LV symbol will always be in style.
From Madonna to Mariah Carey, and scores of powerhouse women in between, a Louis Vuitton handbag is a staple of chic wardrobes. However, even more importantly, a Louis Vuitton handbag can be an excellent investment for your portfolio.
