“The exotic leathers,such as alligator or ostrich,tend to fetch the highest prices. But even a Hermes leather bag commands between $8000 and $12,000,” says Shapiro,who holds three ‘luxury’ auctions – which include bags and accessories – every year.
Shapiro has been selling a number of designer bags from the one estate over several auctions. This estate in NSW was endowed with over 2000 Hermes bags,as well as 300 Hermes ties. There were also Hermes gardening tools in the mix.
“I was told that the owner went into Hermes every second day to make her acquisitions,” says Shapiro.
These bags can be compared to the bitcoin of fashion – how far they head north is anyone’s guess.
When it comes to discerning the real from the fake,Shapiro suggests looking at the little brass feet on a Hermes bag. “If they’re screwed on and can easily be removed rather than actually piercing the leather,it’s a fake,” he says.
Loading
Chanel shoulder bags have also been extremely popular on the secondary market. A classic style from the 1960s with interwoven chains could be yours for between $4000 and $6000 at auction,with the larger Channel bags selling for over $10,000.