Are Chanel bags worth the money?

Are Chanel bags worth the money?

The first Chanel price increase of the year hit in March, 2023. Globally, the price of Chanel bags have increased by more than 10%, leaving many designer bag lovers wondering whether Chanel bags are still worth the investment. Amongst the best designer brands to invest in, including Hermès, Louis Vuitton and Prada, Chanel bags have notoriously been some the best designer bags to invest in. evidently trying to compete with Hermès' pricing strategy. The French heritage brand has been serving us luxury leather goods of only the highest quality for over 100 years.

Here are some factors to consider when deciding if a Chanel handbag is worth the investment:

1. Quality and Durability

Chanel handbags are known for their high-quality craftsmanship and durability. They are made from the finest materials and are designed to last for years. The brand's attention to detail and commitment to quality means that their handbags are less likely to wear out or become damaged compared to other bags.

2. Timeless Design

Chanel handbags are known for their timeless design, which means that they do not go out of style. The classic Chanel flap bag with gold hardware and black lambskin leather continues to be one of our most coveted and best-selling designer bags at Sign of the Times. This makes them a great investment because they can be used for many years without looking outdated, and if you're looking to resell later, you can be sure that you will be able to find it a new home in no time. The classic quilted design, iconic chain strap, and signature interlocking CC logo are all hallmarks of Chanel handbags that have stood the test of time.

3. Resale Value

Chanel handbags have a high resale value, which means that you can potentially recoup some of the initial investment if you decide to sell it in the future. However, it is important to note that the resale value of a Chanel handbag depends on the condition, rarity, and age of the bag. Discover our blog on the best designer bags to invest in 2023 here.

4. Price

Chanel handbags are expensive, with prices ranging from several thousand pounds to tens of thousands of pounds for limited edition or vintage pieces. It is important to consider whether the price of a Chanel handbag is within your budget and whether the cost is worth it for you. Ultimately, whether buying a Chanel handbag is worth the money depends on what model of Chanel bag you are looking to buy. The brand will always ensure a high resale value given their annual price increases. However, if trends are not what you're after, we think that Chanel's vintage designer bags make the best investment, specially their pre-2008 models. These bags have 24c gold hardware as opposed to 18c gold (as seen on current models) which guarantees a higher return on investment.

To find out more about the best Chanel bags to buy now, discover our guide to shopping for vintage Chanel bags here.