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Handbag Prices Are Skyrocketing. Who’s Buying Them? | BoF Insights

As Versace becomes the latest brand planning to hike its handbag prices, BoF Insights looks at the degree to which consumers’ budgets accommodate these higher prices.
Designer bags are not easily affordable for all consumers, but some are happy to stretch their tight budgets to make these pricey purchases
BoF Insights’ Chart Watch
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Brands have been steadily increasing the prices of their designer bags for years, long before the recent record inflation. The average price for a women’s designer bag in the US has risen around 27 percent since 2019, according to Edited research cited in BoF Insights’ report “

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Further Reading

Can Luxury Bags Be Smart Investments?

As top luxury labels raise prices and tighten distribution, designer bags are garnering higher prices at resale, with some styles from coveted brands retaining a significant portion of their retail value long after purchase.

About the authors
Benjamin Schneider
Benjamin Schneider

Benjamin Schneider is the Senior Research Lead at the Business of Fashion (BoF). He is based in New York City as part of BoF’s Insights team, which arms fashion and luxury executives with proprietary business intelligence.

Diana Lee
Diana Lee

Diana Lee is the Director of Research & Analysis at The Business of Fashion. She is based in London and oversees the content strategy and roadmap for BoF Insights.

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