An affinity for luxury might be thought of as a vice, but it doesn’t always have to be a frivolous splurge. After all, the best part of ascending in affluence is the privilege to indulge in designer accouterments. Perhaps the best compromise is then to choose luxury that has the best appreciation value, or the brands that are the most coveted.
We gathered our very own Holy Trinity–the top three fashion houses that are the most dominant players in the landscape– and spoke to luxury experts to find out what makes them the most worthy of your investment. Read on to find out why you should make these three part of your collection!
The world’s most famous orange box
French luxury house Hermès is well used to being the punchline of every luxury love story and a permanent fixture in the news, and just as coveted as its exquisite Birkin and Kelly bags is its signature orange box. For any other brand a box may just be a vessel for transporting a bag from one hand to the next, but the revered Hermès rendition is in itself a style statement, centrepiece and object of desire. Another mindbending fact: it comes in 188 different sizes.
Hermès is the most hallowed designer brand in the world, and rare Birkin bags have been reported to command prices upwards of $300,000. These bags are more valuable than gold and are perpetually sold out in Hermès boutiques. Their appeal isn’t just in their scarcity – they’re also versatile accouterments that don’t skimp on fashion. These elegant statement makers are an extension of the wearer, complementing and amplifying her sophistication and status all at once.
The interlocking C’s
Coco Chanel was a fashion visionary, and she pioneered numerous trends by battling initial skepticism with grit and tenacity. In fact, the Chanel 2.55’s iconic chain strap stirred up much controversy with its inception, as it was deemed improper for the times. Although the Chanel 2.55 made its debut in 1955, the bag’s classic logo was only added to the bag almost 30 years later by Karl Lagerfeld – a fellow fashion maestro who stepped up to fill Coco Chanel’s shoes as Creative Director when she passed on in 1971.
They only cost $220 when they first hit the market, but Chanel’s classic flap bags have appreciated more than twentyfold and are the pinnacle every woman’s luxury journey. It’s little surprise that demand drives their price up further every year, and that the classic Chanel piece is one of the most popular luxury handbags of all time.
Prada and proud
Arguably the biggest household name in fashion, the house of Prada began in 1913 when Mario Prada opened a boutique selling travel cases in Milan. The brand’s humble success in its early days escalated astronomically once Mario’s granddaughter Miuccia took the reins at the helm. Today, their signature cross hatch Saffiano leather is one of the world’s most durable and in demand materials. Among its fans are Taylor Swift, Gigi Hadid and even Meryl Streep.