Handbag lovers, did you see the latest financial news on CNBC? That experts are predicting bags to be the best collectibles investment over the next 12 months. Better than art, better than jewelry. Apparently, Credit Suisse looked at the Knight Frank Luxury Investment Index (KFLII) for Q2 2022 – an index we’ve written about many times – to come to this analysis. Over the last decade, handbag value rose 92%
But let’s look at what that really means. For starters, we are talking about “collectible investments”. Handbags are not being compared to financial investments like stocks, bonds, real estate etc. No one is suggesting to literally keep your money in your purses. Collectibles are a specific category generally limited to the wealthy (although sneaker heads may disagree to the extent kicks are included). Also referred to as “passion assets” these are a category of alternative investments, and include things like fine wines, luxury cars, jewelry, rare stamps and the like. No doubt handbags fit here.