“The Myth of Exotic Skins and Resale”
If our passion for designer labels has taught us anything, it’s that the world of luxury is full of paradox. Take this one, for example: just because you pay high retail for a new bag doesn’t mean it will have a great resale value. This is particularly true when it comes to exotic skins. Despite what many articles (and sheer logic) might tell you, the simple fact is that exotic skins generally don’t hold their value the way a classic, ever-in-demand Chanel boy bag or Louis Vuitton Neverfull will.
We know what you’re thinking, because we thought it, too. Why wouldn’t they?
Investing in a NEW exotic skin is a bit like purchasing a new sports car. It loses a ton of value as soon as it comes out of the box (or, drives off the lot, as the case may be). Crocodile, python, ostrich, lizard and other exotic skins are usually quite fragile, easy to damage, and require a higher level of maintenance than more traditional leathers. It’s exactly because of their coveted qualities that they’re most likely to lose value quickly.
Of course, as with any rule, there are exceptions. An obvious anomaly: The Hermes Himilaya Birkin. Chanel’s exotic skins, which have become increasingly rare following their discontinuation last year, also fall on the exceptions list.
While all of this can equate to a loss for those who buy new, buying pre-owned exotic skins is a surprisingly affordable way to own exotic skin accessories made from the most luxurious and rare materials in the world (Think crocodile, ostrich, pony hair, and much more, at prices significantly below their original retail price).
Aside from the economic upside, if you’re going to purchase exotic skins, second hand is also the most ethical way to do it – even PETA can get behind that idea. Extending the life of the bag and caring for it accordingly is an exquisite way to appreciate the materials it was sourced from. With resale, the use of animal skins is minimized and never trivialized.