Designer wares often get a bad rep for being overpriced and underwhelming. While this may be the case for your average logo tee or dad cap, there are a number of higher-end pieces that do make a worthwhile investment – whether it’s for their potential resale value or simply the quality and durability you get for the price.
Take Kanye West’s YEEZY line of sneakers, for example. The original 350 “Turtle Dove” model created in partnership with Adidas retailed for $200 upon release. Today, you’d be lucky to pick them up for anything less than $1,500. Take it even further back to Kanye’s collaboration with Nike and you’ll find the “Air Yeezy 2” models selling for upwards of $5,000.
These exponential price hikes are fairly common and they’re worth keeping an eye out for. So, if there’s any justification you need for dropping four figures on your next handbag or pair of shoes, make it the fact that you’ll get your money’s worth in the long run. Here are four luxury pieces that’ll help you achieve just that.
The definitive “lazy luxury” piece, Gucci’s long-standing line of iconic loafers tend to hold their value pretty well, with vintage models often selling for more than their original asking price. Aside from an appealing resale value, Gucci loafers are simply a comfortable and stylish way to get around. Opt for a model with fur lining for extra opulence and comfort.
A scarf is probably the last piece you’d expect to hold any value, yet those made by Hermes often sell for hundreds of dollars more than what they were purchased for.
Aside from style, season and availability, the story behind each scarf is often to owe for their increasing value.
With names like Eugene Brunelle and Hugo Grygkar behind some of the designs, one shouldn’t be surprised that these 36” x 36” squares of silk tend to make certain collector’s mouths water.
Aside from value-retaining labels, one should never forget the importance of material when it comes to your clothing. Cotton and polyester blends may be affordable but having to buy replacements every few years because of the material’s inability to hold itself together is a headache we could all do without.
This is where premium materials such as cashmere come in. Not only will your cashmere-clad wares last longer, but the comfort, feel and smell are a completely different experience. We recommend getting started with an amazing cashmere cardigan, proving that clothing can be an investment.
The Chanel handbag, particularly the 2.55 model, is a staple of any high-end wardrobe and an iconic piece that’s been around for decades. Those that sold way back in 1955 for around $220 can now be picked up for a handsome $4,900 in good condition. Bet your savings account can’t do that.
Regardless of your stance on high-end garments, there’s no denying that they can indeed be a good investment. You just have to know what you’re doing. Have you invested in any high-end pieces before? Let us know in the comments below.