Investing in preloved luxury is not only sustainable but can also be financially savvy. Here is how to identify items that are likely to retain or even increase in value over time.
Tips for Choosing Investment Worthy Preloved Items
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Prioritise Classics over Trends
- Iconic designs (such as a Chanel Classic Flap Bag , Hermès Birkin Bag, Louis Vuitton Speedy bag ) hold value better than trend pieces.
- Choose styles with enduring appeal to ensure lasting demand should you ever wish to resell.
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Inspect Quality and Craftsmanship
- Check for minimal wear, strong stitching, excellent quality materials, and durable hardware that is not scratched .
- Consider solid gold jewellery, full grain leather bags, or expertly crafted watches, these are the ones that will stand the test of time.
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Look for Rare and Limited Editions
- Limited edition pieces, such as Hermès scarves or Louis Vuitton artist collaborations, often appreciate in value due to their scarcity.
- Rare potentially finds have higher resale value and attract collectors, so keep an eye out for discontinued or special releases.
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Focus on Brands with Strong Resale Value
- Brands such as Rolex, Chanel, Hermès, and Cartier retain value well in the resale market.
- Research which brands and items have consistently strong resale performance to make informed choices.
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Seek Original Packaging and Documentation
- Items with original packaging, authenticity cards, and receipts are generally more valuable, and will add more peace of mind .
- Documentation enhances an item’s credibility and appeal, especially for future resale.
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Monitor Market Trends and Timing
- Preloved markets fluctuate, try to stay informed on trends and buy during peak resale times (for example holiday seasons).
- Monitor pricing trends over time to help determine the best moments to buy or sell, consider charting your purchases to see if your investments have grown over time.
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Invest in Pieces That Reflect Your Style
- Choose items that you will enjoy to wear , as you will be more likely to keep them in excellent condition.
- Classic pieces with broad appeal are often easier to resell whilst aligning with timeless style.
Why Invest in Preloved Luxury?
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Sustainable Shopping
- Supports sustainable fashion by reducing waste and promotes a circular economy.
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Potential for Appreciation
- Iconic luxury items can increase in value, offering both style and a return on investment.
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Unique Finds with History
- Owning preloved luxury adds a layer of character and charm, bringing a piece of fashion history into your wardrobe.
By focusing on classic designs, quality craftsmanship, and reputable brands, you can find preloved luxury pieces that offer enduring value, style, and sustainability.
