Not all luxury bags are created equal. Bags by Tod’s and Versace tend to lose their value the quickest, reports Fortune. So if your goal is to resell, you’re better off sticking with Hermès, Chanel and Louis Vuitton.
Cost: $7,500
“Rolex is the only brand that is able to maintain a high resale value with the majority of its products,” Ariel Adams, founder of ABlogtoWatch.com, told Money magazine. Adams explained that the watches are able to retain their value because Rolex offers only a limited product line, which has enabled the watches to become recognizable names.
However, some models hold their value better than others. Paul Altieri, a watch expert and CEO of vintage Rolex dealer Bob’s Watches, told Money that the GMT, the Submariner and the Daytona are the best bets to invest in if you hope to eventually resell.
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