The Luxury Price Boom: Why You Should Invest in Chanel Handbags Today, Handbags and Accessories

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The Luxury Price Boom: Why You Should Invest in Chanel Handbags Today, Handbags and Accessories

The price of this Chanel handbag just went up: iconic bags now 5 to 17 per cent more expensive

In 2016, a medium Chanel Classic Flap bag sold for about $4,900. Fast-forward to today, less than a decade later, and the product has more than doubled in price: it’ll cost you around $10,200…

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As prices of the most coveted luxury bags skyrocket, The National explores what to look out for when making an extravagant purchase. As prices of the most coveted luxury bags skyrocket, The National explores what to look out for when making an extravagant purchase

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Designer handbags, particularly from Hermes, Louis Vuitton and Chanel, have historically outperformed both gold and the S&P 500.

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Chanel ready to launch yet another price increase

lt;p>Shrewd and trendy shoppers are snatching up Chanel bags and purses in hopes of keeping their cash from losing value amidst staggering inflation.</p>

For wealthy New Yorkers, inflation protection is in the bag

Double-digit prices hikes have reached the fashion industry. Luxury handbag collector Alyssa Lenore, 31, purchased a Chanel classic flap bag in May 2020 for $5,800. Later that month, the price jumped to around $6,300. Similar bags have jumped nearly 63% since 2019, but demand for these items continues. Watch the video to learn what's driving the rise in prices of these luxury handbags, and how it will impact Chanel.