CHANEL BAGS ARE GAINING VALUE FASTER THAN THE STOCK MARKET

Need some justification for buying another Chanel bag? Turns out, it's not just a statement accessory to tote around—it's an investment. That's the result of a new study, which found that Chanel handbags have increased in value by more than 70 percent in the past five years. That's a bigger jump than the stock market and the housing market.

The research comes from Baghunter, a website that resells luxury handbags, so naturally it's probably going to be a bit biased. After all, earlier this year, Baghunter also found thata Birkin bag was a less risky investment than gold or the stock market. So don't necessarily take this as solid financial advice, but rather a fun look at how high-end goods gain value over time. (As long as you don't actually use them and wear out the material, of course.)

Baghunter focused the study on the Chanel Medium Classic Flap Bag, which has been around since 1955. When the bag first hit shelves, it went for just $220, and by 1990, it sold for $1,150. Now, in 2016, it costs a whopping $4,900. Overall, it increased in value by 71.92 percent between 2010 and 2015, which outperforms housing prices and the S&P 500. The researchers found similar, if slightly smaller, price increases for the Chanel Reissue 2.55 in sizes 226 and 227 and the Chanel Boy Bag in small and medium. 

Source: harpersbazaar.com