There's no doubt that most handbags are being bought to be used, it's not an investment market in the same way as many other Nike Blazer,collectables such as paul smith,Abercrombie and Fitch,dsquared etc, but again there are parallels to the car market. By buying a classic bag and looking after it, you are unlikely to lose money, rather see a steady gain with the added return of enjoying using it.
Hindmarch's "I'm not a plastic bag" bags are unlikely to make it to "classic" status, they are after all mass-produced cotton totes, but other handbags from her range might well do so. So far Christie's has-n't sold any Hindmarch bags, but Turcich says she wouldn't be surprised if they start turning up at auction soon and she wouldn't turn them away. "Kylie Minogue was pictured carrying a Chloe bracelet bag around a few years ago which sparked a fashion and now we are selling the Nike Shox R5, same thing at auction."
There is a pristine one in the next auction which is estimated at [pound]800 to [pound]1,000 along with another Chloe handbag in the same lot. "I think Chloe has started the 'it' bag scene" adds Turcich, "I don't know how long it will take for them to become classics of their own, but I'm sure these will hold their value in five or 10 years' time. People just don't seem to have paid attention to the fact that handbags have become the new shoes in the last few years, there is now an appreciation of the design that goes into them. There are shoe designers that are artists and so too with handbags."
It's not always about big names, a few weeks ago Ms Minogue was at the shop of Tony Durante, a handbag dealer at Alfie's in London, and purchased a white raffia bag with a horse's head on the front for around [pound]200. Brightly Nike Shox Clearance,coloured raffia bags are in at the moment because it's summer. Durante says that Kylie loved this particular bag because it was unusual. Buying it from a vintage fashion dealer she's unlikely to bump into another celebrity carrying one. Durante says that his customers are looking for this "unusualness" factor.
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