I’d like to share my personal experience of trying to fulfil my wish list and investment buying in case you are also on this journey. And it is a journey!
For the longest time I’d always wanted to own a Chanel bag, Chanel jacket and a Kelly bag by Hermès. It’s taken me a couple of decades but at last it’s happening! Good things come to those who wait AND research….. and research some more.
1. Decide what you are looking for by your chosen brand:
This seems really obvious but do take the time to think about it for as long as you need to be truly happy with what you are going to target. Also be open to adjusting your choices as your lifestyle and personal taste evolve over time. In my case, the first to happen was the Chanel 2.55 bag. You can read about it here, here and here
2. Set your budget – you may want to start saving specifically or start clearing out your closet to raise cash and de-clutter (always a good idea from time to time in any case!).
3. Research, research, research before your purchase:
- it’s always worth checking out the choices because a new style or version might have been released that you may prefer (this is also why you need to be open to adjust your choice) and for updates on any price hikes – my original choice of Kelly changed to a Birkin
- if you are looking to purchase in the re-sale or pre-owned market, research is really important not only to find the item you want but to get the best value for your money by comparing prices for the ‘going rate’ and these do fluctuate
- if the item you want isn’t even readily available to buy directly from the boutiques, such as the Birkin, the only option is either to search worldwide – as of August, none of the London Hermes boutiques have been allocated any at all – or to search the pre-owned market where thorough research is particularly crucial due to the multiple leathers, colours, sizes and, as with all the major brands, it’s a minefield of fakes
4. Be aware of extra charges – find out about these if you are prepared to purchase from overseas because the shipping and insurance costs plus Customs charges (hefty in the UK!) added up, may not make it worth your time or money. At least if you are in the UK, you have all of the EU market as well meaning there should not be any Customs charges. However, when dealing with different currencies you will inevitably be charged for the privilege.
I managed to find not only a Chanel jacket but it’s part of a suit and still working on the Birkin. Will discuss further in my next post with the Chanel reveal…