According to a report from Bain & Co, the global secondhand luxury goods market rose to EUR45 billion ($64.02 billion) in 2023, although sales growth eased to 4%–6%. “[This is] in line with the 4% gain posted by luxury goods — a confirmation of the normalisation of ‘preloved’ items already observed last year,” the report adds.
It is no secret that a handbag can make or break an outfit. After all, different occasions, whether a cosy dinner date for two or a night at the opera, require bags of different sizes and silhouettes. Plus, if you are a true handbag connoisseur, classics such as a Birkin or Kelly from Hermès, the Chanel Flap bags, Lady Dior or the Louis Vuitton Speedy or Neverfull would have been on your wishlist at one point.
But while handbags have long been a staple in a woman’s wardrobe, they now seem to be making their way into another essential: her investment portfolio.
