A timeless Chanel bag is most certainly a fashion investment, and according to a new study, a viable financial investment too.
Researchers have revealed that buying an iconic Chanel 2.55 could even be a safer bet than buying a house.
The research, conducted by experts at vintage handbag authority Baghunter, found that in the last six years the value of Chanel bags has gone up by 70%.
When the classic bag was first launched in February 1955 it was worth $220 (around £150), but by the 90s had rocketed to $1,150 (£810).
And today? $4,900 (£3,493).
Evelyn Fox, CEO of Baghunter, told Marie Claire: “We decided to conduct a study into Chanel handbags as we wanted to see if we could gain an insight into how Chanel implements their pricing tactics.
“And we were very surprised to see the extraordinary increase in value of certain bags over the last six years in particular.
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“It’s interesting to see how the value of Chanel bags has skyrocketed over the last six years, a period which coincides with the rise of ultra-luxury marketplaces for such items.”
Fox concluded: “We feel that these marketplaces have played a significant role in making these bags available to a wide range of women, peaking interest in more people than ever before, and contributing to Chanel having the ability to increase the value of their bags so rapidly over such a short period of time.”
So, will a Chanel 2.55 be the next thing on your investment list? Tweet us at @YahooStyleUK.