5. Resale value

It’s common knowledge that the Hermès Birkin bag instantly increases in value as soon as you step out of a Hermès store. The bag has also been said to be a historically better investment than the stock market!

The limited availability of the bags, the demand, and the fact that you have to build a relationship with your sales associate all mean that there are multiple people who simply can’t or don’t want to buy the bag new, meaning they’ll opt for purchasing the item second hand. The same can be said for the Kelly bag (as well as the Contance bag in some instances).

Other Hermès products, such as wallets, shoes, and other handbags also hold their value well and are often sold close to the retail price.

Louis Vuitton is also a valuable luxury brand and this is reflected in their luxury goods resale prices. If well looked after and in top condition, popular and classic Louis Vuitton handbags hold their value and can be sold on for a great price. However, you’ll usually need to hold on to your bag for at least a couple of years in order to see your ROI – you won’t see an instant profit like in the case of the Birkin bag.

Louis Vuitton is often at the heart of art and fashion, partaking in collaborations with many well-known artists – the products from these collaborations are often only limited edition.

This means Louis Vuitton collaboration goods, such as the multicolor monogram that was designed by Takashi Murakami and the graffiti bags that were designed by Stephen Sprouse will often go for a higher price than was originally paid.

This is because they are in high demand, and you are not able to easily get hold of them anymore.

Our top Picks from Hermès Vs Louis Vuitton

Hermès and Louis Vuitton both have lots of stunning bags, so it really depends on your budget and your style as to which one you pick.