A luxury item is loosely defined as a product that is regarded as exclusive in society. A handbag, clutch, wallet or watch from recognisable ‘status’ brands such as Chanel, Louis Vuitton, Rolex, Tag Heuer and more are considered highly desired. They easily cost up to $10,000 per item and hence are signals of wealth or status!
A well-chosen designer item may last a lifetime and even become a treasured inheritance once you’ve passed on. If, on the other hand, you want to make money as well as spend it, a well-timed buy and subsequent sell may help you make a lot of money.