Rare Handbag Index Highlights

275%

Increase between 2004-2018 of the Hermes Cognac Ostrich Leather Birkin 40cm bag, the index's best performer

$15,000

2018 value of a Hermes Cognac Ostrich Leather Birkin 40cm bag, the most valuable handbag in the index

170.1%

Average increase of the JustCollecting Handbag Index between 2004 and 2018

18.2%

Rise in value between 2016 and 2018 of the Hermes Kelly 32cm Black Sellier Box Calf – the index's best recent performer

Investing in handbags: index reveals the best performers

Investment-grade handbags have grown in value by 170.1% on average since 2004, reveals the JustCollecting Handbag Index, updated in June 2018.

  • The Hermes Cognac Ostrich Leather Birkin 40cm supplied the best 14-year return on investment of the handbags included in the index – up 275%.
  • Hermes' Kelly 32cm Black Sellier Box Calf has top performed in the past two years – up 18.2% to $6,500.
  • The most valuable handbag in the index is the Hermes 40cm Cognac Ostrich Leather Birkin at $15,000.
  • Other standout manufacturers since 2016 were Roberta di Camerino, Louis Vuitton and Chanel.

Best performing handbags 2004-2018

  1. Hermes Cognac Ostrich Leather 40cm Birkin: up 275% to $15,000
  2. Chanel 2.55 Medium Black Classic Flap Bag: up 250% to $5,250
  3. Emilio Pucci 1970s Black Leather & Velvet Pucci handbag: up 175% to $550
  4. Christian Dior Lady Dior Cannage: up 167% to $4,000
  5. Hermes Kelly 32cm Black Sellier Box Calf: up 160% to $6,500

Best performing handbags 2016-2018

  1. Hermes Kelly 32cm Black Sellier Box Calf: up 18.2% to $6,500
  2. Hermes Cognac Ostrich Leather 40cm Birkin: up 15.4.% to $15,000
  3. Roberta di Camerino Brown Velour and Leather Vintage Shoulder Bag: up 10.3% to $225
  4. Louis Vuitton Classic 25 Monogram Speedy: up 9.1% to $600
  5. Chanel 2.55 Medium Black Classic Flap Bag: up 5% to $5,250

Most valuable handbags in the JustCollecting Handbag Index

  1. Hermes Cognac Ostrich Leather 40cm Birkin: $15,000
  2. Hermes Kelly 32cm Black Sellier Box Calf: $6,500
  3. Chanel 2.55 Black Medium Classic Flap: $5,250
  4. Christian Dior Lady Dior Cannage: $4,000
  5. Chanel Red Caviar Leather Vintage Weekender: $2,000

Quote

"Hermes’ big two, the Birkin and the Kelly, dominate the secondary handbag market,” says JustCollecting's Dan Wade.
“Created in the early 80s, the Birkin is the more recent (and more valuable) of the two, and over the past decade has provided the better return on your investment.
“Yet during the past two years we’ve seen a resurgence in demand for the more formal stylings of the Kelly, which rose to prominence (and acquired its current name) when Grace Kelly used one to conceal her baby bump in 1956.
“Remember that values can change markedly depending on the rarity of the leather and colour, as well as the size and condition of the bag. For example, while a 40cm ostrich leather Birkin in popular cognac-colour will cost you $15,000, a crocodile leather example in identical condition is worth double.
“Remember too that tastes and attitudes can change. 20 years from now, will a leather handbag be viewed in the same light as a fur coat is today? If so, prices could drop significantly.”

About the JustCollecting Rare Handbag Index

The JustCollecting Handbag Index tracks the value of investment-grade regularly traded handbags, using analysis of auctions and private sales, in addition to expert opinion.

Values shown are reflective of "very good" condition examples – unless otherwise stated.

justCollecting Rare Handbag Index Album


Hermes 1990s Cognac Leather Birkin 40cm


Vintage 1970s Emilio Pucci handbag


Vintage 1960's Lucille of Paris Alligator Bag


Chanel 2.55 Medium Classic Flap Bag