How Did This Happen?

[@Dedeecheer]

I find it strange that people who buy luxury get upset when they can’t get 100% of what they paid for their items. Most material things loose value once its out of the store. 🤷🏻‍♀️

[@ChatsWithChris]

THISSSSSSSSS

[@ChatsWithChris]

I think the housing market is why people think they should get what they paid or more.

[@MeridaEllaSDB]

Ah yes, those getting lost on the second hand market. The crusty personality, entitled, overselling their wares, nonsense. Too many are new to the game, desperate to ‘hustle’ and don’t know the customer or what drives our market. We’re not fools love. I can buy brand new authentic designer online. Only Hermes quota bags are more valuable, sadly. I just want a filter & report button on resale sites to dismiss the uniformed lousy resellers. They make tasteless comments on ‘respectful’ when they are the one’s who don’t belong in that customer market, and don’t know the social norms of negotiating in various cultures.

[@MeridaEllaSDB]

Yes, please keep normalizing that luxe consumer goods are not investments. There is rarely appreciating value. Very, very rarely.

[@missdanitza18]

Right? I buy thing to enjoy. Period.

[@jesseeec]

I’m sorry $5k USD for a mini bag is ridiculous. Unless it’s super special, no thanks.

[@annaswanson5903]

I agree especially with the economic situation

[@ClassicChicks_bags]

You are right Dear People have to change their mindset I think 😊

[@nat2040]

It’s called more $ than brains

[@xiwenchen189]

I love mini bags, but spending more than say $150 sounds obscene. It's a cute accessory sure, but size wise, practically wise, it doesn't add up. I love my mini suitcase shaped purse from a craftsman on etsy, paid $80 plus shipping. Beautiful item, but I absolutely could not pay $3,000 for a similar size purse. Saw some gorgeous Chanel mini mini bags on resale sites in limited collection iridescent, but the price is a no for me.

[@NCMama87]

I’ve seen pre-loved items on sale for $100-200 less than the original price, and can’t understand the thinking behind it. I’d much rather pay the extra little bit, and buy new. 🤷🏼‍♀️

[@DungNguyen-ti9dk]

The moment you walk out of the store the value decreased immediately. Unless your store accepts return 😂 I never imagine selling something I used more than a year for more than 70% of the original price point.

[@giuliasalvadori1614]

Totally agree. Like the celine belt or the Oran mule

[@ShweMyaukMyauk]

That’s because you can’t even get the classics esp the minis or in caviar by walking in

[@NCMama87]

@@ShweMyaukMyauk hard to find items I understand, but I’ve seen the same with Louis Vuitton items. It’s crazy. 🤷🏼‍♀️

[@matsohoasechabaevents2235]

I have seen that as well🤣 I always question the reasoning behind ‘cause duh Why would I buy your sweat if I can get brand new 😅

[@xoxoez]

The secondary market is supersaturated now. I am so glad I sold all of my Chanel and Hermes bags already. I got double and triple what I originally paid.

[@SophieShohetOfficial]

You’re so right, it’s a real buyers market out there!!xx

[@TraciLMiller]

Absolutely correct! Literally hundreds of websites and resale shops selling luxury bags. The exclusivity is completely artificial as you can find thousands of bags on the secondary market almost for what you would pay retail. Luxury is an illusion if everyone is paying for luxury goods but own no property, investments or cash and spending their income to just look rich. Maybe an idea for a new series....

[@seabreeze4559]

people speculating to flip

[@deborahcurtis1385]

@@seabreeze4559 It's not so much buying to flip as the sudden change in the economic outlook and people's personal circumstances changing with that. There are a lot of wardrobe clear outs. There are so many lay-offs in the US and also in the UK. The fact that these preloved items are not selling, and are being heavily discounted is the market talking. Also it's getting less cool to wear exclusive branding. It makes interactions with people doing it tough, awkward. It also potentially sets you up as a target for theft. This lessens the opportunity to wear branded items. Unless you're going to an exclusive event, or something similar. It's different in some places, like Dubai or parts of Australia but overall the vibe is very muted unless you're young in which case you go for the novelty smaller bags and SLGs, Because being young and sheltered from reality is just some people's experience.

[@user-zw8uc4rm1m]

@@deborahcurtis1385 I'd say the reason it's less cool now is that its seen as tacky. If everyone and their mother has one, it's no longer cool or exclusive. Especially since trashy influencers all have designer and since the fake designer market can actually produce very decent fakes. If you're wearing a real LV, you'll walk past 4 others with the same bag or brand. And if you're not dressed a certain way, people might think yours is actually a fake.

[@idgybaby3480]

I never looked at any of my bags as investments. I feel like I could sell them and get some money back, like you said, but they aren't investments. If I sell one, the money lost is like the rental price. If I buy something for $4K and sell it for $2K, then I've carried and enjoyed a luxury bag for half the cost. But since they do depreciate, I just keep them. If I'm in a pinch one day, I'll sell and not feel too too bad. It forces me to make better choices for sure! Love watching your videos!! Thank you so much.

[@SophieShohetOfficial]

You make so many good points!!xx

[@kippykippyphoebe9203]

Such a sensible and realistic reply idly baby. I have a similar approach. I try to get them at discount if possible. For instance I got a fendgraphy for £850 off! That gives plenty of wriggle room on resale but I never think to sell. I think flannels made a mistake and put it in their sale, but the following week it went back to full price where others remained in the sale. That was a score!

[@idgybaby3480]

@@kippykippyphoebe9203 That was indeed an awesome score on that bag! With all of the price increases, I'm starting to shop preloved more. I need to be more vigilant on that. Sometimes the price is so high that I think I might as well but it new. Sophie mentioned that too in this video. Congrats on your Fendi! That is great!

[@TheTinKunt]

Fantastic take. I’m the same, I buy bags to fit my personality and I’m unique so my bags reflect that. I don’t buy to sell 💗

[@idgybaby3480]

@@TheTinKunt But - I should add... I'm a pack rat and the fact that so many of these bag sells for so much less than what I paid for them, I just keep them. 🤣. I know they aren't investments but I love them and keep them. If I ever have to sell them all, I will remind myself of the comment I made up above.

[@Averageperson..]

People who can spend 10k would rather buy it new than preloved. The increases destroy the resale market, what Chanel probably wants.

[@literallyheather]

In my experience even people who can afford 9k for a handbag, are not buying Chanel flap bags. Anyone who wants one already has one from years ago. The handbags that are 4k are a novelty (colors, charms etc), so I think all Chanel collectors are going in that direction. 🛍

[@SophieShohetOfficial]

I agree with all of your points Heather!xx

[@annaswanson5903]

People can afford them because they’re smart enough not to, it’s only a smart thing if you’re in entertainment and in that case it can be a write off

[@sayurik]

Exactly! I rather top up a little more and get a preloved Hermes Lindy for the price. I can fit so much more bag for the money and it has excellent craftsmanship that supports it’s in house artisans.

[@jennn9637]

Unless im filthy rich, no bag is worth 9k imo. My money has better opportunity cost than a bag

[@deborahcurtis1385]

@@annaswanson5903 Yes but it's ok for men to spend huge amounts on cars (Sophie is an exception she does both! But no doubt tax write offs for each) but if women reward themselves with a bag it's being frivolous. Blokes can be very wasteful.

[@Dropthesoapto]

Nowadays buying pre-loved is a huge, huge risk. I don’t have the knowledge to dive into that world. The replicas quality is outstanding and the risk of buying a fake is too big for me to try. I give up and I’m going for other brands less expensive but good quality.

[@xiwenchen189]

Completely agree. I can't afford to drop thousands on a purse right now, but even if I was swimming in money, I'm too paranoid about being swindled for a super fake on a resale website. A lot of photos are stolen/copied from other sites and I just don't want to bother with trying to verify authenticity. I'm perfectly happy with buying unique bags from leather craftsmen on etsy and having that happiness of supporting a small business over large corporation.

[@diamondtrinket]

Lovely to see you wearing your blazer, I am reassured that they still look ultra smart and not dated xxx

[@louisaa144]

This summer I bought the Hermes "Mini Clic Chaine D'Ancre" bracelet in silver and light pink and even though it's the same materials as the clic h's, it's worn fine. If you didn't look at the underside, you wouldn't know it's been worn. I think this is because I don't stack mine with more than one bracelet or wear it every day and it's a snug fit so it doesn't slide around. It's so beautiful and I really love how subtle it is-unless you know Hermes, you don't know it's Hermes.

[@merrywalsh2809]

I’m good with owning my bags forever, or selling them at a deep discount years down the road, but I get your points, Sophie. They are certainly valid. I read up on the luxury watch market recently before purchasing one. The more expensive the watches, the longer they take to sell, because less people can afford them. Watch resellers don’t like to keep the ones loaded with diamonds and other expensive accoutrements in their inventory, because their money is tied up in something that sits there longer. Same with bags, I’d imagine.

[@deborahcurtis1385]

I don't like diamonds on watches unless very subtle like maybe the points on the dial of the watch face. Most people are not flashy with a diamond watch, or if they are they're buying new.

[@genevievemead6792]

I respect your knowledge about handbags. I just think the Classic Chanel handbag is a timeless bag and lovely for many reasons but so many people have them now they are no longer an interesting style choice. They are sooo well known now and sooo expensive now. It is the cost of the bag which is making the style statement rather than its heritage or functionality. I think the price increase has damaged the Chanel brand. I used to adore Chanel and now I have gone off the design house. I am really looking for other handbags by other designers.

[@LittleMissDeeDee]

I’ve never bought fashion for investment purposes. I buy them because I love them, and despite having the disposable income, I can’t see myself loving a machine made bag for $10k.

[@asunbeam5479]

absolutely agreed!! spending that much at hermes feels different because I know everything is hand made and employees are treated well. Still, at hermes you could get quite a few of their bags at around the 5K mark

[@joannecerdan1174]

Love your videos Sophie! Thanks for all the helpful information. I finally bought my first designer bag (Alma BB) and got it used in excellent condition. I saved almost $900 CAD by not purchasing it new.

[@SophieShohetOfficial]

Hello lovely Joanne! Ahhh I love the Alma BB, such a fantastic bag and I love that you got a discount on it! Xx

[@jackiebeans2689]

Great info!! Love your videos, Sophie!! Hi to David and the bunnies!!💕😺😺😺💕

[@NancyLiedel]

The only luxury bag I've ever considered is a, "Lady Dior." I'll look for pre-loved.

[@MMLakhani89]

I have two that I bought second-hand and they are absolutely gorgeous.

[@itsmeheathermarie]

It's the only luxury handbag I own after doing YEARS of research to find "the one" and honestly think it was such a great choice. It looks great dressed up or dressed down. I plan on keeping it for the rest of my life!

[@NancyLiedel]

Thank you so much to the wonderful people who took time to reply. I really want one and the hunt begins.

[@itsmeheathermarie]

@@NancyLiedel You're welcome! Happy purse hunting!

[@danielintheantipodes6741]

I feel that your reasoning is sound. Personally, I would not buy a bag for the re-sale value. I am too nervous to sell anything! On the other hand, it is nice to have a cash source available. On the other hand though, when we have the next crash, if everyone is selling their Hermes Birkins all at once, the value even of the Birkins will drop and if enough people sell simultaneously, the value will drop catastrophically. There is no security in life, really. Only an illusion of it.

[@tara_nguyen]

All these items have reached its valued threshold. Things depreciate in value as you used them. And if people can't afford retail price, they certainly can't afford resell price.

[@StyledByGwenny]

I've just started dipping my toe into RTW (Fendi & Gucci), and the spend terrifies me SO much more than it does with bags! I need to look into pre-loved if I'm going to continue down this path! TFS as always, Sophie, happy humpday! 💕 xx

[@asunbeam5479]

There is so much amazing preloved designer rtw out there!! Sites like vestiare and fashionphile are great, but you can find vintage chanel and dior for next to nothing at local consignment boutiques!

[@StyledByGwenny]

@@asunbeam5479 I need to get brave and get on VC! Sadly no consignment boutiques near me, but I am planning on going to Luxury Promise in London soon! 🤞🏻

[@blktauna]

@@StyledByGwenny Girl... RTW is v. difficult for those of us with boobs. Lurk farfetched and seriously check measurements. Everything on resale is usually tiny but once in awhile there is a tasty morsel.

[@StyledByGwenny]

You're not wrong there@@blktauna! That Fendi shirt I tried on in Harrods last year? It was gappy on the buttons, but too big everywhere else! 🙄

[@jeantierney3379]

Yes you are correct not all luxury goods are a good investment especially as you say the ridiculous prices that Chanel are doing at the moment😡. I think the preloved route is a great way to go. Thanks for the advice👍🏻

[@SophieShohetOfficial]

Chanel prices really are insane these days!!xx

[@scruffyo4460]

Good shout on the Balmain blazer! Wanted one for years but never bit the bullet. Will check out the pre loved ones now. Of course it looks stunning on you Sophie ❤

[@caluxy]

I always think it’s odd that people try to resell an item for near the amount they pay for it, when the market dictates that they won’t. I owned a couple of LV slg that were in Vernis, epi, & empriente. Even a few Chanel slg that were in seasonal style. I sold them for reasonable prices that took into consideration their wear and tear and demand. I sold them quickly but when I looked at others selling the same item (preloved)for almost retail, they didn’t sell.

[@melocoton7]

If I'm buying pre-loved, the price has to be considerably cheaper than new because otherwise I would just buy it new.... I've never understood those sellers. Like WHY would I give you almost new price for a used item??

[@ceciliabrown3301]

Great Post. 👍💜 Glad you mentioned Chanel RTW and not just bags. If you're patient, you can snap a real bargain on pre-loved market and very often the clothes which are listed as pre-loved are actually unworn as people kept them as collectors pieces. I have managed to find a Chanel tweed jacket for a ridiculous price and when it arrived it was actually like brand new. Recently, I found Chanel boots, also brand new for less than half the retail price.

[@christiefresh200]

Yesss you rock the balmain blazer so well. Glad you brought it back!

[@melaniefields4589]

Omg! I just said the same thing about the CF! The bag is 10k in USA new, to resell you won’t get even close to 10k from a consignment or selling on your own. To me the biggest issue as that since Chanel has not updated the design other than the Hardware, buying preloved will still be better. If you look at two CF with SHW in both good shape, you can’t tell one from the other. It also doesn’t benefit the resellers to sell over 10k bc then for sure they are crossing into Hermes resale prices. There was a article regarding Walt Disney and the CEO, he stated that they had to admit that they were a bit too aggressive with their pricing and it’s kind of backfired. They r planning to rectify the pricing errors by offsets in other areas. Chanel’s frequent increases and the % might backfire. Selling 1 bag at 10k as opposed to 2 bags at 5k might be good in the short but long term will lead to large inventory

[@caligal]

I will not buy any Chanel bag as their price increase makes no sense to me. I also disagree what has been suggested that it is approaching Hemes pricing. Yes, on paper only. It is extremely rare to get offered a $10K Hermes bag without a shopping history. That shopping history sets you back by $10K/$15K/$20K. Just look at the underbite scarves, jewelry, blanket and you know what that has flooded the preloved market. In the preloved market a Birkin/Kelly purse in “very good” condition, which BTW is defined mostly by corner wear marks/scratches/discoloration, costs above $15K+. Pure madness for a visibly worn bag. A no name bag in that condition is usually donated to goodwill. A Hermes B/K bag in “excellent condition” is near $20K. So sadly, that Jumbo Chanel is still accessible at that price, even if undesirable. Hermes or Chanel better not fall out of favor and we better not buy them for investments.

[@kunthea0517]

Thank you, Sophie. It is really a great video and content.

[@RosesRawReality]

About a month ago I was looking at a $500 something dollar wallet at Chanel and at the same exact time that I could get it at Chanel for around $500 the Real Real had it listed for over double! It was like triple getting it brand new in the Chanel boutique! It’s crazy!

[@Divinenubian]

I've always wanted a chanel tweed jacket but I can get a inspired version instead. Great video!

[@SophieShohetOfficial]

You’re so right! So many great dupes out there these days xx

[@suzyq8777]

Bags are NOT investments!

[@sarapietakova]

Adore your content always so insightful, yet with such a pleasant delivery. Your videos always brighten up my day ❤

[@SophieShohetOfficial]

What lovely feedback, thank you my friend! Hugs to you xx❤️❤️

[@MitchellWiggs]

Very true about the phone cases, I have a couple from LV sitting here that I can’t even sell because I don’t remember which phones they were for 😂

[@mnicolechic]

In regards to the Lady Dior, sites like Fashionphile are selling them now for close to retail. It's crazy. Some are still below retail, but others in excellent condition or giftable are close to retail now on the US site.

[@duchess_of_petty9323]

I just buy what I love and have no plans on getting rid of anytime soon I did finally buy a Chanel classic flap that I saved for. I knew it was never going to be cheaper than when I bought in oct 22

[@ChatsWithChris]

Phone cases are great to buy a few years after the fact. I tend to be slower than most to upgrade my phone. I’ve got some fantastic designer phone cases for less than 75 USD.

[@katemiller7874]

Exactly I don’t switch out my phone every year

[@iamcristina]

I guess the only reason I still see my classic flaps as investments is because I bought them so long ago! So I can easily make a profit if I sell today. But you are right in terms of buying a classic at today’s prices. Not worth it at all!

[@katemiller7874]

Same. Even if I don’t get the current price I’ll still get more than I paid

[@fionacrispin-jennings4919]

Hi Sophie, hope you David and 🐇🐇are all well. Thanks for a thought provoking mid-week video. I think there are different types of customer in the Chanel camp. Some are definitely collectors and they have a focus on building a collection and I think investment pieces for them will be about how many wears they get out of each piece and timelessness of the looks. I think there are also Chanel groupies and they tend to zone in on the 'hot' and 'rare' pieces and will have a completely different version of investment. I would be very interested in another video on what you feel are great investment pieces from the length of life point of view 💐💐💐

[@jillkplays]

What do you think of vintage Chanel though Sophie? I still find them really high in demand but are less available in the second hand market, hence the price still makes a lot of sense.

[@carolnatural]

Lady dior bag is 50% discount on resale market probably including commission paid to platform, there is release every year and so supply over demand that’s why won’t hold their value and relatively easy to access, I got mine at below usd 4K and I now check the new price lol lucky I’m early in this bag game lol

[@hhueter]

i suspected when the first price hike happened that the classic flap pre-loved prices wouldn't keep up. the pre-loved had kinda already decided the prices were around 4-6k for a basic classic flap. Honestly i feel like shoes are always bad. I screwed up a return on a pair of shoes and even brand new, the price of those shoes that i got from fashionphile was barely worth it. Most bags outside of Hermes and Chanel (previously) are mostly about 1/3 to half off retail. The best you can hope is you get some money back.

[@suzannehall5200]

This was good but when it comes to bags I feel that it’s only half the story. You have assumed that everyone is only going to buy luxury bags brand new. Of course if you buy a brand new Chanel or Dior bag and expect to sell it within a year and get your money back then you have a screw loose. I am old enough to have been watching the preloved market for many years and it has highs and lows just like the share market. Since July last year it has been in a low so now is the time to buy. Then if you want to sell your Chanel or Hermes bag, sit on it until the next high, and they always come around. You just need to be patient, do your research and be prepared to play the long game. I do think that buying a brand new Chanel flap bag at the current ludicrous prices, during a recession, is a bad move but it’s a great time to get a good bargain on a preloved one.

[@RM-wt6ku]

Sorry, maybe the concept is wrong. If you buy such luxury item, you buy it to wear it and not to sell it with profit😮. If you cannot afford it, don’t buy it. And what I read is that the newer Chanel bags and accessories are just not the same quality anymore (have no experience myself, though). I guess thats why they lose their value quicker. In line with what you explain for the Hermes bracelet. And those people who can afford chanel bag(s), they probably want a new one, not used.

[@ChatsWithChris]

I’ve had Coach bags that held their value better than the Classic Flap.

[@lolipena8051]

I agree. “Investment” only if someone is willing to pay that much. And right now, not that many are buying.

[@karenrobbins6656]

Thanks for keeping us practical with money. I agree, it’s easier to drop 4K and under vs more. Maybe I’ll find a perfect preloved Lady Dior one day

[@jennn9637]

I wouldn’t buy preloved slg because for a small amount of money more, i can get a new piece. And i always hear lady dior has bad resale value, i havent found one in good condition and a price point i feel is fair…

[@Catscosta888]

When I am Buying designer items - I don’t think about selling it later. I think about wasting my money on something entertaining -I throw away the box and don’t worry about wear and tear. It’s all about wearing it and giving me life !!!

[@stephaniemyrealtor8141]

Good content, the idea of paying 8k for a preloved bag is comical. As a consumer I would imagine you’d want brand new.

[@melissagodwin1594]

I’m really looking forward to your video on Chanel. Imo, if they had increased their quality *before* all these price increases, it would make more sense. But raising their prices first is basically saying they think their stuff is worth it, and people were already complaining about quality. It’s like somebody over there just wasn’t thinking ahead.

[@blake1001x]

I think it's ironic to say something is not worth the investment and yet you continue to buy the same.

[@katemiller7874]

It’s not about investment for most people.

[@Bazibishop]

Maybe she’s not buying for investment?

[@reginasaulina7779]

Absolutely love your content Sophie!❤️ Hope you & David are well always, have a great day☺️

[@SophieShohetOfficial]

Hello lovely! Ahh, thank you so much! 🙌 we’ve just got home from the gym, about to cook dinner 😋🥳🥰 I hope you have a great evening my friend xx

[@renarettinger8523]

Thank you for creating these fabulous videos. I’ve been watching you since 2020 and I love your insight. So true what you discussed about shoes. I worked at LV for a short time last year and purchased shoes from their employee site at 90% off. After I left the brand I decided that 5 pair were not for me, I offered them online at the cost I paid knowing that I just wanted to get rid of them as 1 group and I wasn’t going to get much more for them selling individually at a slightly higher price. It worked….

[@AnnLaustsen87]

Don't buy one if you can't buy 10. The S&P 500 will always outperform pre-used designer items. At the end of the day, no one externally notices that you have designer. You're better off investing that money in index funds.

[@jonietee942]

I think for chanel there is a window of opportunity with preloved but I dont think we will find this long term. Long term, as buying slows down with higher prices, resale prices will increase - it will take time though, the legacy of buying chanel classics at £3 or £4k is still too fresh and there are still too many around. Eventually we might even find the ridiculous situation where preloved is more expensive than buying new - especially if Chanel keep moving in a more exclusive direction.

[@ginah9128]

I’m sorry your Hermes bracelet didn’t wear well. Mine is several years old and still very beautiful. I love it.

[@katemiller7874]

Both of mine are nice. Even Cartier scratches. Nothing new there

[@sestricaanutka]

Of things I bought at VC at least a half were real cr*p, although checked by their team: damaged, with spots, stinking of cigarettes. Especially Chanel Items. Were not worth the money at all.

[@alysescotland1753]

I would luv to find a pre-loved hand bag at a good price. Unfortunately, so many fakes have gotten through the authenticating process I can't see myself paying more than a couple hundred on preloved/resale.

[@jessicam807]

I think the "premium" fakes / replicas have played a major role here. I got a fake once already. I wouldn't trust paying a high price on any resale site as I don't even trust their authentication process. It could be an exception a consigment store where I can go see the piece myself. But a random seller online? Unsure. On the other hand, if you have a good profile with good reviews (or your case, as you are a youtube and we know you) it could be you can actually get a better deal as people will trust you took care of your item and is not fake.

[@E_L_R]

For me honestly, Im not interested in the investment side. I enjoy the idea, creativity and the history of the brands. I’ve bought a couple of Diors over the years and I wouldn’t get a penny for them now. And I don’t care. I enjoyed wearing them and the memories. ✌🏾

[@bekkaspills]

If one purchases preloved, is the authenticity card important? Or is it only essential with styles that are typically copied? Would, for example, a Ferragamo be a brand where an authenticity card isn't necessary? Thank you!

[@martaa.4067]

Strange, because my impression is that people on VC still what a preposterous money for all these goods and many of them just won’t go down in price. It may be that they’re disconnected from reality, but I also think it’s disgraceful that VC even accepts some prices on used stuff. 🤷‍♀️

[@viva5526]

You do know that even though they might say "authenticated", they are not 100% able to guarentee it?

[@eveelliot2109]

At last great advice re: high end designer over prized bags...😊

[@Jp22573]

There is a KZbinr that purchased a pre loved bag from Vestiaire Collective, and it was a fake.

[@vsegador]

Please let me know who so I can watch the video

[@Jp22573]

@@vsegador thehandbaghousewife

[@Jp22573]

@@vsegador Correction: It is @thehandbaghousewife

[@vivyrox7202]

totally agree !!

[@Mari14Bella]

The thing is I really would love to buy the double flap because it has been my dream bag for 10+ years. I don't see myself selling it in the long run, do we think Chanel prices will go down, ever? Or do I just go ahead with the purchase

[@annaswanson5903]

Of course with an economic cost of living crisis second hand purse’s and shoes won’t give good return on investment

[@Wm.Lidgett]

I dislike how so much is marketed as an investment piece, which drives up the retail price of something, but overall the vast majority of purses, bags outfits, watches, and jewelry will ever make you more money than what you paid for it. if anything the reason to buy quality goods is that they last and save you from having to rebuy that same item a quality shoe will last you years if cared for compared to a low quality 50 dollar pair of shoes, and yes the pieces like a good suit or dress may be an investment in yourself when looking for a new job or meeting with clients, and it may help build your self-confidence. in the end buy the piece because you like it and not because someone says it could be worth 5 times its value in ten years. the true value of any piece you buy is whether you wear it often or if it sits in a closet barely to be seen or worn

[@Rwissam1987]

Can you make an updated video on what holds value?

[@SophieShohetOfficial]

I certainly can! Xx

[@clare2272]

Please could you tell me where your lamp in the background is from?? I love it so much xx

[@heavymetalbanshee]

Is that a lamp next to you there Sophie? It's lovely, where's it from? XX

[@kaunas88]

About a year or more ago, due to economic distortions caused by Covid policies and mass money printing, there was a boom in speculative assets including the stock market, expensive watches and purses, ETFs, virtual worlds, etc. That bubble is beginning to slowly deflate as the world faces recession and a general post Covid policy hangover. I think that now is not the time to "invest" in overpriced purses and watches.

[@SimplyBrooke-1]

This is the truth! I have a Maxi Jumbo in Caviar leather. It’s in impeccable condition. Fashionphile offered me $3,000. I paid $5800. I would not break even or make a profit.

[@Fabiane.Costa.]

Hi, Sophie❣

[@MMLakhani89]

Sophie, we need a new list of great investment bags. And I think you should include Hermes in that list.

[@andreavp3597]

Agreed!!

[@flohough1870]

Buying anything like this as an investment is going to be a risk. All collectibles go up and down. Buy a piece because you like it!

[@debracannonrndsn2564]

Sure am glad I got my cc flap 20 plus years ago

[@paulmurphy42]

I'm still waiting for that home video tour Sophie xxx

[@hal7469]

I’m actually one of the few who is happy that Chanel has priced their classic flaps out of reach since I think too many people already own them. I think Chanel has increased their prices on purpose to keep the classic flaps more exclusive and are making more fun seasonal bags so they can sell more of them and be somewhat inclusive to those who want to wear their brand. It’s a win-win for Chanel.

[@sams3015]

Can’t wait to watch this and chill out after I get dinner

[@asummer9460]

Such an Amazing video, very informative & on point. Totally agree, those bags just drop value & certain things I would not buy branded.. love your insight. ❤Tfs dear Sophie.. 😊 I don’t see handbags as investment btw like cars...as soon it’s out the retail, the values drop immediately unless for Hermes Birkins in special skin..that may make big money but you’ve got to have big money to make big 💰 😂

[@adki5959]

Sure, great times for riches who buy in stores = price increases But hard times for middle class who buy preloved = preloved market suffers In the end, it's not the same customers at all. It will be more and more difficult to have one's money back, unless economic conditions gets better for the main people.

[@nathanielcraig3588]

I nearly bought a mini rectangle and medium classic flap pre loved in 2020, both for $2800CAD, but I ended up talking myself out of it and I've been kicking myself since 😂😂 I could have sold those now for at least $2000 more than I would have paid, and had two Chanel bags in the interim. Oh well!

[@elainev4513]

Hey Sophie, out of topic. What do you think of the Dior 30 montaigne pouch? I have bought the gucci pouch after watching your video so wondering what your thought about the dior pouch. Thanks! 😊

[@SophieShohetOfficial]

Hey Elaine! I know the pouch you mean, it’s very nice. If you’re thinking about it I’d say to go for it! 🥰xx

[@jillmartin8255]

Hi Sophie! Just popped out to bring in some logs for the fire and missed you posting...typical lol. Think I still made about thirdish though 😊 Hugs xx

[@SophieShohetOfficial]

You are a very respectable third Jill! Ooh your fire sounds cosy! 🥰 We’ve just got home from the gym, it’s miserable and rainy outside so glad to be home 🥰❤️xx

[@jillmartin8255]

We are the same..had snow here again this morning and now it's raining ugh. Another evening by the fire in jammies.

[@SophieShohetOfficial]

@@jillmartin8255 Spring really needs to hurry up! At this point I am actually sick and tired of winter 😞 You enjoy your evening my friend!xx

[@kenseah8345]

You are so right spot on with phone cases ; I have tons of Prada leathered i phone cases sitting around and waiting to vaporise😔

[@helenhall299]

Very informative video as always 😊

[@corneliali7747]

for some trendy bags, I just buy dupes now XD

[@kaylheecarroll3186]

Love the videos you've been talking about lately

[@je-suis_Tati]

I actually agree and disagree with you about Chanel. As a long time client, I have sold some bags for more than double what I paid and UNDER retail. Of course, this is only if you are really a true luxury person and not a new quick flipper person that only buys the “hot bags” to try and make some money. I think this is the reason why Chanel have also increased their prices, ppl took advantage of this for the last two years😬. Imho chanel and other brands of course, over time, they do appreciate in value but only for people like myself that is into luxury and continue to purchase them because they truly love them.

[@ChatsWithChris]

Thank you for acknowledging that £4000 is in fact a car. I wish more people would use cars as a measure compared to these bags.

[@kiwigirl4669]

Agree - that was such a sobering thought! Brought me back to reality as I think about buying a Dior saddle bag!

[@Vasalyn]

For me, it would be a down payment for a car. I don't buy used cars. A medium classic flap is the cost of half of my car. I paid 19k for my brand new Toyota Camry 2017.

[@indoora]

Could it be that the price increases were to make the secondhand market crash? If retail goes up, then it is safe to say re-sell will go up as well and then people will have to decide if it is worth it. If most people looking to sell bought their bag within the past 5 years, they are the ones who will lose out because of the price increase. The financial slump the world is going through right now is not helping the secondhand market, the middleclass has to watch how they spend their money.

[@asunbeam5479]

it's possible, but it would take a long time! Unlike hermes, chanel's bags are factory made. Up till the last year or so, they've been increasing supply to match demand. There are a LOT of chanel bags out there. And as sad as it is to say, just as many fakes that are of the same quality. The preloved market is very oversaturated at the moment. Sure, eventually that may decrease, but the general interest in chanel might also decrease at that point.

[@indoora]

@@asunbeam5479 Hi, I have pointed out to people that Chanel is trying to apply Hermes selling techniques to bags that are not made by hand and lack the quality that is produced by Hermes. Before Hermes history as a leather goods brand (most people do not realize that the Burken is a smaller version of the Haut a Courroies bag dating back to the companies equestrian roots) Because Chanel bags are machine manufactured it would not take long to flud the market when you take into account Spring/Summer, Cruise, Pre-Fall, Fall/Winter, Pre-Spring/Summer, Couture Spring/Summer and Couture Fall/Winter with bags to accompany each collection.

[@MY93025]

It's not just the low financial benefit of owning one. For me at this point it's a safety issue. These price increases are announced everywhere. There are people who know nothing about luxury who still know exactly how much a flap costs. It's easily recognizable from afar and everyone knows the logo. I just don't want this kind of attention on my things. I wear a lot of jewelry and ready-to-wear but unless you are a customer you probably won't have a clue where these things are from, and I like it that way. So no alhambra, no love bracelet, no big logo anything and no hermes. I buy the row, Jill sander, have custom jewelry made with the exception of elsa peretti pieces that I like to collect. Some people will find my wardrobe and style choices boring but I couldn't be happier with it.

[@minwade5436]

I don’t buy anything luxury thinking of resale value. I buy items to wear & enjoy not for investment purposes. Great vlog Sophie TVM. Best wishes from Adelaide; South Australia🇦🇺💐

[@annefwee]

Sophie do u hve YSL Niki? Pls let me you know what your thought is on them

[@sheilacarlislepyreneesmom]

Great video

[@Dalys.kitchen]

Hello Sophie, you look extra pretty in this video! What I wanted to ask is have you seen the new qr codes that come with the new bags? I have heard that the authenticity cards Are being discontinued atm.

[@SophieShohetOfficial]

What a sweet comment, thank you my friend! 🙏❤️ No I actually haven’t seen this!! Xx

[@andresfatso8228]

Don’t agree. Their seasonal bag does not retain unless it’s super super special. All bags are unicorns nowadays.

[@el3yonel7azeneh89]

I suggest that you stop for a while discussing how chanel classic flap are the worst investment and focus on your “ investment “ on the ugly Balenciaga “ bags which are worth nothing now 😬😬😃😃