Do Michael Kors bags hold their value | Are they worth it?
Are you curious about the value of your Michael Kors bag or wondering if a new one is worth the investment?
In this article, we’ll give you valuable insights into the MK resale market, explore the factors that impact the value of MK bags, and provide you with tips on how to maximize your investment.
For those wanting to purchase a bag, you’ll learn what to look for, how Michael Kors bags compare with similar brands, and which styles are worth investing in.
And, for those who already own a Michael Kors bag, we’ll provide helpful advice on how to evaluate its current value and make informed decisions about selling or keeping it.
So, whether you’re an avid collector of the iconic MK label or just starting to invest in your wardrobe, this article is a must-read for anyone who likes savvy shopping.
Generally, Michael Kors bags tend to hold their value relatively well compared to other designer brands in the same price range. However, unlike high-end luxury bags, the value of a Michael Kors bag can decrease over time due to factors such as wear and tear, changing fashion trends, and the introduction of new styles.
Some popular and limited-edition styles may hold their value better than others. If you’re interested in investing in a Michael Kors bag, it’s important to do your research, consider the factors that can impact its value, and purchase from a reputable seller.
While Michael Kors bags may not hold as much financial value as a more high-end designer brand, that doesn’t necessarily mean they are a bad wardrobe investment. Here are a few reasons why:
Michael Kors bags are generally well-made and durable, so if you take care of them, they can last for years. This means you’ll get plenty of use out of it, which can make it a good investment in terms of cost per wear.
Many Michael Kors bags are designed to be versatile and can be worn with a variety of outfits, making them a good choice for everyday wear. Choosing a bag that you love and will wear often can make it a good investment in terms of personal satisfaction.
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Michael Kors is a well-respected fashion designer, so while his bags may not hold their value as well as some other high-end bags like Gucci or Chanel, they can still have some resale value.
If you take care of your bag and keep it in good condition, you may be able to sell it for a reasonable price on the resale market.
Overall, while Michael Kors bags may not be the best choice if you’re looking for a bag that will appreciate in value over time, they can still be a good investment in terms of quality, versatility, style, and personal satisfaction.
How much does a Michael Kors bag cost
At full retail price, a Michael Kors bag can range from around $100 for smaller crossbody or clutch styles, up to several thousand dollars for larger, more luxurious bags made from exotic materials. It’s important to note that the prices at physical stores can differ greatly depending on stock levels and popularity.
For example, the prices of Michael Kors bags at the retail store range from $79 to $498; at the Michael Kors outlet store, they range from $79 to $299; the prices of the Michael Kors Mens collection range from $119 to $898; and the prices of the premium Michael Kors Collection range from $990 to $2990.
However, it’s important to note that many Michael Kors bags can often be found at discounted prices during sales events, at outlet stores, or from secondhand sources like consignment shops or online marketplaces. The price of a secondhand Michael Kors bag will depend on its condition, age, and popularity.
How much do Michael Kors handbags sell for
The resale value of Michael Kors bags can vary widely depending on the specific bag, its condition, and other factors. In general, popular styles and limited edition pieces may command a higher resale price, while less popular or outdated styles may sell for less.
On resale websites such as Poshmark, eBay, or ThredUp, Michael Kors bags can range in price from less than $50 to several hundred dollars or more, depending on the factors mentioned above.
However, it’s important to note that the resale market can be unpredictable, and there are things you can do to maximize your chances of a sale. Ultimately, the final price of a bag will depend on the specific circumstances of the sale.
To gain a more practical insight into how much pre-loved Michael Kors bags sell for on different markets, we conducted some research sourced from popular second-hand marketplaces and compared the retail price of MK bags with how much we could potentially buy them for secondhand.
| Bag | Retail Price | Resale Price | Value Kept |
| Marilyn Medium Saffiano Leather Tote Bag | $228 | $105 | 46% |
| Mercer Medium Pebbled Leather Crossbody Bag | $119 | $66.49 | 56% |
| Jet Set Large Saffiano Leather Crossbody Bag | $99 | $42.5 | 43% |
| SoHo Large Quilted Leather Shoulder Bag | $398 | $191.31 | 48% |
Luxury brand pre-loved price comparison
Even though the brand is associated with luxury, Michael Kors bags are not particularly well known for holding their value. However, this is not specific to Michael Kors.
Other mid-range luxury brands that share similar characteristics as Michael Kors include Coach, Kate Spade New York, and Tory Burch.
We looked a little closer at one of these brands to compare how much value their bags held on the second-hand market compared to Michael Kors handbags.
MK bag vs Kate Spade
| Bag | Retail Price | Resale Price | Value Kept |
| Kate Spade Knott Large Satchel | $348 | $172 | 45% |
| Kate Spade Katy Medium Convertible Shoulder Bag | $378 | $155 | 41% |
| Kate Spade Knott Woven Medium Satchel | $378 | $85 | 22% |
| Kate Spade New York Schuyler Zip Top Shoulder Tote Bag | $328 | $137.45 | 42% |
From this non-conclusive study, it seems that Michael Kors bags hold their value in higher percentages than Kate Spade, which is another mid-range luxury brand that sells women’s handbags.
However, this depends heavily on what style bag it is, how old the bag is, the condition of the bag, and the popularity of the overall brand as well.
Furthermore, this information also suggests that Michael Kors bags may be a good option for those looking for mid-range luxury bags that will retain more of their value over time.
It is important to note that resale value is just one factor to consider when purchasing a luxury purse; other factors such as design, functionality, and personal preference should also be taken into account.
How to choose Kors items that hold value
One of the most important things that you can do to ensure that your bag retains as much of its original value as possible is to buy it at the best possible price in the first place.
However, if you’re wondering which kinds of Michael Kors items retain their value, there are several things to consider. Here are a few tips:
Classic styles: Classic designs such as the Selma, Hamilton, or Jet Set are timeless and always in demand. These items are less likely to go out of fashion and may hold their value better over time.
Materials: Michael Kors bags made of high-quality materials such as leather or suede may hold their value better than bags made with other materials such as cotton canvas, coated canvas, rattan, and faux leather.
Limited edition or rare pieces: Limited edition or rare pieces may be more valuable on the resale market due to their exclusivity, scarcity, and appeal to Michael Kors collectors.
Condition: A bag in excellent condition, with no visible signs of wear and tear, is likely to sell for a higher price than a bag that shows signs of heavy use. Note that material plays a large part in how well a bag can take everyday wear and tear as well as how robust its construction is.
Authenticity: It’s important to make sure that the Michael Kors bag you’re considering is an authentic product, as counterfeit or fake bags will not hold their value and may be difficult to sell.
Research: Do your research on the specific item you’re considering, including its retail price, popularity, and resale history. This can give you a better idea of its potential resale value.
By considering these factors and making an informed decision, you may be able to choose a Michael Kors bag that will hold its value well over time.
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Summary
In this article, we’ve explored the Michael Kors resale market and factors that impact the value of the bags.
Popular and limited edition styles may hold their value better than others, but the value of a Michael Kors bag can decrease over time due to wear and tear, changing fashion trends, and new styles.
Michael Kors bags are generally well-made and durable, making them a good investment in terms of cost per wear and personal satisfaction. The resale value of Michael Kors bags varies depending on the specific bag, condition, and other factors.
Compared to other mid-range luxury brands like Coach, Kate Spade, and Tory Burch, Michael Kors bags may hold their value better over time.
FAQ
How much are Michael Kors bags at the outlet
The price of Michael Kors bags at the outlet site can vary depending on the style, size, and collection. Generally, you can expect to find outlet prices that are marked 20%–70% lower than the regular retail prices for comparable products.
However, the key here is that you may not find the same products in the outlet as in the retail store. Sometimes, the outlet can have its own line of bags that are specifically designed for the outlet.
However, often you will also find retail bags sold at the outlet at significant discounts as well, but variations and color options will be much more limited than in the retail store.
The outlet stores may offer additional promotions and discounts during certain times of the year, such as holidays or end-of-season sales. Keep in mind that some bags may have a higher discount than others based on their popularity and demand.
To gain a more practical insight into Michael Kors bags’ resale value, we conducted a survey of 10 popular handbag designs to compare their retail value to how much we could potentially buy them for on the secondhand market.
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How much is a Michael Kors bag in Philippines
The price of Michael Kors bags in the Philippines is dependent on several factors, such as the style, size, and collection. Some bags may be more expensive due to their popularity and demand.
Generally, Michael Kors bags in the Philippines range from PHP 6,000 to PHP 40,000 or more. The price can vary depending on whether you purchase the bag in a retail store or online, as well as any current promotions or discounts being offered.
However, second-hand Michael Kors bags in the Philippines tend to sell for much less, starting at around PHP 2,000 to PHP 10,000 or more, depending on the factors mentioned above.
Some popular styles or limited-edition collections may be priced higher than others, even if they are secondhand. The condition of the bag also plays a significant role in its value, with bags in good condition fetching a higher price.
It’s always a good idea to check the official Michael Kors website or authorized retailers in the Philippines for the latest prices and selection of Michael Kors bags.
How much are Michael Kors purses at TJ Maxx
The price of Michael Kors bags at TJ Maxx can vary based on several factors, such as the style, size, and availability. Generally, you can expect to find discounted prices at TJ Maxx compared to the original retail price.
However, the discounts can vary and may not be consistent across all stores or bag styles. Some Michael Kors bags at TJ Maxx can be as low as $50 or $60, while others can be around $100 or more, depending on the style and size.
It’s important to note that TJ Maxx offers a rotating selection of inventory, so availability and prices can vary from store to store and from week to week.
It’s always a good idea to check with your local TJ Maxx store or their website for the latest prices and selection of Michael Kors bags.
