• Chanel's latest price increase is proof that there really is such thing as an investment handbag!

    0 comments / Posted by Rosemary MacCabe

    by Rosemary MacCabe 

    Thinking of investing in a Chanel bag? Well, there's no time like the present – Chanel handbags increase in value on the regular, meaning that, if you look after your baby, you're pretty much guaranteed to make your money back (and more) in a few short years.

      

    We like the term “investment purchase” as much as the next avid shopper, but, more often than not, it's a complete misnomer. What we mean by “investment” is that this dress will see us through many a summer wedding, or that we'll “get a lot of wear out of” this bag. We're not talking investment in terms of stock markets or rental properties and, once we've had our fill of the purchase in question, we won't be making our money back. (But just think of cost per wear, right?!)

     

    Well what if we told you that there are, in fact, labels that you can buy into and be safe and happy in the knowledge that, in fact, you are making a solid investment purchase?

     

    Take Chanel. Buying a classic or iconic piece – think the Classic Flap, 2.55 or Boy styles – from the heritage French brand is less of a risk than investing money in the stock market because, year on year, Chanel prices only go one way: up.

     

    In 2009, for example, a Chanel 2.55 would have set you back $2,695 (around €2,400). A mere five years later, in 2014, that very same bag was retailing at $4,900 (€4,380). That's an almost €2,000 increase in price – which would feel like a serious kick in the teeth if you're someone who'd always dreamed of owning a Classic Flap and just waited too long. 

     

    In Chanel terms, today is D-Day: good news for those who've already invested in their arm candy, but bad for those debating taking the plunge. At the Chanel boutique in Dublin, classic styles like the 2.55, Classic Flap and Boy have all taken a leap of 5% – meaning that a bag you could have bought yesterday for €4,750 (pocket change!) has gone up by €240; it now has a nifty price tag of €4,990.

    And while €4,990 might seem like an extortionate amount to spend on a handbag, if we assume that Chanel will continue to increase its prices each year – sometimes several times – your €4,990 could turn into a tasty nest egg before long.

     

    Based on a 5%-per-year increase (which is a conservative estimate, as Chanel often increase their prices several times), a €4,990 handbag will cost €5,240 in 2018. By 2027 – just 10 years' time – the same bag will cost €8,122 to buy, brand new. Which means that, if you bought today and chose to sell in 2018, you could make a tidy profit on your purchase.

     

    This may all seem like pie in the sky stuff, but bear in mind that, while Chanel prices have consistently increased since the 1950s, prices for their classic leather handbag designs have never gone down. Never. Not once. Not even during the recession, when we were all forced to bring our Nespresso lattes to work in flasks, rather than buying them in Starbucks like rich people.

     
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    The take-home message from this, of course, is two-fold: if you own a Chanel, treat it like a teeny, tiny baby – and never put it on the ground. If you're thinking of buying one, do it sooner, rather than later. Because the longer you wait, the more it'll cost you. (And the sooner you invest, the quicker you can cash in.)

     

    Siopaella is Ireland's largest Reseller of pre-loved authentic Chanel handbags and accessories, having bought and sold over 650 Chanel pieces since opening in 2011. Shop our current Chanel collection and we are always adding new iventory daily!

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  • THE MAGIC OF FOUR: CONSIGNMENT

    0 comments / Posted by Ella de Guzman

    Part one of our "The Magic of Four" blog series is all about consignment. This is probably the most poular choice as it allows us to price your item higher and more competitively therefore getting you more bang for your buck! Here are the four steps to consigning with Siopaella!
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    Step 1: Bring in your items

    Have a look at our updated wishlists and bring in your bits to our 25a Temple Lane South store where one of our buyers will go through your pieces and appraise them. You could receive up to 80% of the resale price of your items.

    Step 2: Appraise

    One of our buyers will appraise your pieces in store and give you a rough estimate that you will receive so long as everything in your account sells. If it doesn't sell? You just pick up your pieces after the three months or we can post them back to you.  High street and other items priced under €40 are automatically donated to charity after three months.

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    Step 3: Wait for it to sell

    Your bags and accessories stay with us for three months where we will photograph them and upload them onto out website and share across our social media channels (aka selfies with your gorge bits). In the mean time you relax in your decluttered house watching your items sell on the website.

     

    Step 4: Cha Ching 

    After three months you can call us to get the latest update on your account and we can mail you out a cheque or you can call in to the store not only for the chats and Louis cuddles but also to pick it up the cheque or cash in person! 

    Ciara x

     

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  • THE MAGIC OF FOUR

    0 comments / Posted by Ella de Guzman

    We're sure you've all heard our huge news by now! We've been hinting at it since April (I know right?) but now we can finally officially announce it without fear of jinxing it... YES we are opening up our FOURTH store!!!

    We're so excited even though it needs a lot of love and TLC. We're hoping that you will love it too <3

     

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    So in honour of our new flagship (location to be announced...watch this space!!) we're going to do a four part blog series all about selling with us. This will include the different options to suit you (we have a layaway program yippeeee) and finishing with a blog all about the four stores and what each will be (yes this means we'll be answering all those questions you guys have in relation to the new store).

    Four is the magic number you guys...now all we have to do is convince Steve to get two more dogs so we can have four of them too!!

    Ciara x

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