Home Journal Reloved Luxury Handbag Report 2023

Reloved Luxury Handbag Report 2023

LÀB REPORT

Value analysis and trend forecast of investment-grade handbags. Introducing the SACLÀB Luxury Bag Index.

Published on 5 Feb 2024 / Updated on 7 Mar 2024

The SACLÀB Luxury Bag Index tracks the popularity of highly sought-after handbags that have sustained value despite economic turmoil. Spanning from 2020 to 2023, this index rigorously evaluates the resale values of these handbags, scrutinising different leather types and contrasting these values against boutique prices for comprehensive analysis.

The State of High Luxury

A widespread decline in luxury fashion demands

Are the tumultuous but profitable-for-luxury post-pandemic years coming to an end? 2022 marked the historic year of some of SACLÀB’s most valuable designer handbag sales. Among the winners was the Hermès Birkin 20 Faubourg Sous La Neige Matte Alligator Leather, which sold for €265,000: The highest price ever achieved for a bag in German-speaking countries to date.

However, these above-market levels are not sustainable in the long term. As a result, hedonistic spending has dropped noticeably amidst