About thisĀ event
Ā The panelist:Ā
- Meg Randell- UK and European Head of Department- Designer Handbags and Fashion- BonhamsĀ
The session was moderated byĀ Frankie SmithĀ and Hosted at Allbright.
Some of the key takeaways were:
Meg Randell went from a History of Art degree to leading Bonhams' Luxury Handbag & Fashion department in 2020, excelling in vintage fashion, jewelry, and wine auctions.
š¼ Auction Insights: What Makes a Bag Valuable? Authenticity and condition are essential. With high-quality fakes increasing, multiple checks are vital. Handmade bags have unique imperfections, unlike the too-perfect machine-made ones.
š» Tech & Trends: Embracing the Digital Era COVID-19 moved auctions online, increasing audiences and sales. Chanel's frequent price hikes make the secondary market lucrative, often matching or exceeding retail prices.
š Handbags as Investments: More Than Fashion Brands like HermĆØs, especially the Birkin, retain value well. Invest for enjoyment first, with profit as a bonus. Classic styles and shapes perform bestāconsider this when investing. Remember to factor in VAT.
Clients should diversify portfolios and enjoy their wealth. Save for the future, but enjoy the journey! āØ
