Designer Purses – Are They Worth It?

posted 2 years ago in The Lounge
Post # 31
889 posts
Busy bee

I think it depends on what one wants from a bag. I love high end bags but I purchase classics that I have and use for a long, long time. My first high end bag was +$2k but I still have it 12 years later and it still looks like new. So if I were to figure out the cost per wear, it would be very low compared to a $200 bag that I used for 3 months. Granted, I wish I could say it is my only expensive bag – it is not, and I think I am done with purchasing anymore because I have quite a collection, each with its specific use – work, casual, dressy, hobo, clutch, shoulder, cross body, rain proof, etc, etc.  But each purchase was well thought out, planned and budgeted for in cash. I also purchased many of them in Europe with a favorable exchange rate and VAT refund. My mom and great aunt have classic, high end bags from 30 years ago (Hermes, Chanel, Goyards) that are still in fantastic condition and unbelievably, many of the styles are still being sold today. So I really think it depends on the bag and the intent. But, I would never recommend buying a bag without paying cash for it and only after more important financial goals are met – savings, retirement, kids’ college funds, etc. I feel the same way about shoes. I would rather have 5 pairs of really high quality shoes that I love instead of 15 pairs of cheapies that don’t fit right, I don’t like and hardly wear. I’ve been trying to move to a high quality, capsule wardrobe instead of commercial fast fashion and so far I’m really enjoying it. I don’t re-sell bags, I donate them so I can’t speak to re-sale value. 

Post # 34
35 posts

I bought my first designer handbag about 2 years ago which cost $2500 retail, and there is a HUGE difference in quality in my opinion. The leather felt exceptional and the way the zipper pulled was soo smooth, for example. There is most definitely a big difference in quality when compared to other lower end designers like Tory Burch and Rebecca Minkoff.

I think it’s completely worth spending $1000+ on a handbag IF you use it a lot because that means cost per wear goes down. You will also get a decent percentage (usually averages around 70% depending on the style) of your money back if you choose a good designer (holy trinity – LV, Chanel, Hermes) and sell the bag in good condition. You also want to avoid any overly trendy designer handbags because normally those bags don’t have good resale value. Gucci is a very good example of this.

Personally, I don’t bother with buying designer handbags preowned unless they are in very good condition. No offense, but I would never ever spend $100 on the handbag that you purchased. It is a waste of money considering the condition of the bag. I’d rather buy a more inexpensive non-designer handbag that is in new condition.

Edit: added more details

Post # 35
507 posts
Busy bee
  • Wedding: October 2016

sarathemermaid :  It varies, I love my LV bags and accessories. I purchased them new at the LV store (of course) and for me, each purchase was worth it because I love designer bags!

Congrats on your bag!


Post # 36
1312 posts
Bumble bee
  • Wedding: City, State

I buy one “nice” bag a year $120- $300ish and use it till it’s worn out. This year’s is a black business structured leather kate spade. Last year’s was a round rose gold kate spade. The one before that was a red leather coach. Its my “thing” I guess. The staple to my wardrobe that year. Once in a while I’ll use a cheap wristlet for going out but mostly its the designer one I sport day to day. 

Post # 37
2470 posts
Buzzing bee
  • Wedding: May 1995

apostrophecatastrophe :  I’m with you! I don’t mind spending big money on nice jewelry but purses no way! I get bored too easily and like to change it up a lot. I find plenty of cute bags at Target, TJ Maxx ect.

Post # 38
4098 posts
Honey bee

For me yes. Granted that I don’t have a ton. I invested in some classic ones which never goes out of style and I have them for a long time already and take care of them. 

Post # 39
1749 posts
Bumble bee

I’m not a big purse carrier, but I have multiple Coach wristlets. I’ll keep rotating them until they are worn or straps start to break. Where I used to live, they had a Coach outlet store so I could easily score a new wristlet for $40-$50. This was worth it to me because I use it EVERYDAY! 

Post # 40
216 posts
Helper bee
  • Wedding: August 2017

I have one LV bag that I really really love. It’s dragged everyday everywhere under sun, rain, snow, hail, wind, storm you name it. It’s still in a very good condition. I have other purses from lower end designers like furla and CK but definitely they wont survive what I did to my LV. So in that sense, yes it’s worth it. That being said, I have only those 3 bags. I move a lot so i limit my possesion.

Post # 41
2331 posts
Buzzing bee
  • Wedding: October 2014

I have 2 LV bags. One was over 3K. Do I love them? Hell yeah! They are both still brand new. But is it worth it? Probably not….

they are currently both collecting dust in my closet because my current purse is a diaper bag, and will be for another year and a half or 2. 

There are way more things in life you can spend that money on……. a purse collects a ton of receipts and junk no matter how expensive it is. 

So if buying them used on EBay is your thing, that’s awesome! Why the hell not

Post # 42
37 posts
  • Wedding: September 2016

I have a purse I got from Ross, maybe eight years ago. It’s a big black handbag that I have used as a carry-on, diaper bag, and a grocery bag at some point. It’s held up completely. Your bag looks lovely and unassuming, but sometimes with the flashyer  brands people just automatically assume it’s a knock off.

Post # 43
12134 posts
Sugar Beekeeper

A higher price point can, and often does, reflect better quality material and quality of workmanship. But those things are not necessarily compatible with durability or longevity, especially with softer leathers, lighter colors etc. A $300 bag can easily outlast some $3000 bags. 

That’s part of the reason why they are a luxury.

Post # 44
744 posts
Busy bee

sarathemermaid :  I have owned several luxury items >$1k. 

I love them. I buy few and try to get many years out of them. I’m not into owning a ton of materialistic objects and try to be very good with my money. 

For me it’s worth it, but I have a weak spot for nice handbags. 

I certainly wouldn’t go into debt over one and I haven’t spent much more than about $1200 on a bag or wallet. I could certainly afford to, but it pains me given how hard I work for my money. 

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