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January 09, 2021
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It goes without saying that not all designer bags are created equal. If you’re lucky to own the ultra-luxurious and rare ones, chances are, they might fetch sky-high resale prices. Case in point: The highly sought-after Hermès Birkin So Black was sold for a record-breaking US$208,000 (S$274,000) in Hong Kong last year.
A bag’s potential resale value is not solely based on whether it has an exclusive design or not. The Luxury Handbag Report 2020 points out that the item’s condition will also determine its selling price in the resale market; in other words, you’ll want to make sure that your precious bags are well maintained and free of scuffs or damage . ....

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