{
  "id": 17960609,
  "title": "Louis Vuitton or Gucci? Here’s the handbag worth the investment",
  "url": "https://urgent.news/2026/11/03/louis-vuitton-or-gucci-heres-the-handbag-worth-the-investment",
  "topic": "world",
  "section": "World",
  "published": "2026-11-03T12:00:00.000Z",
  "source": {
    "name": "The Citizen",
    "slug": "the-citizen",
    "url": "https://www.citizen.co.za/business/louis-vuitton-or-gucci-heres-the-handbag-worth-the-investment/"
  },
  "original_language": "en",
  "account": "In South Africa, an increasing number of individuals are turning to designer handbags as a form of investment, moving away from traditional assets. Luxity, a platform for buying, selling, and consigning authenticated pre-owned luxury items, has observed this trend. Co-founder Michael Zahariev highlighted how certain handbags can appreciate in value over time, while others may depreciate. He cited the example of a Hermès Birkin bag, which could potentially fetch twice its original price within five years, while a similar Louis Vuitton Neverfull MM bag had increased by 12% and a Gucci Marmont had decreased by the same percentage over a year. Despite the allure of high-value items, Zahariev emphasized that most pre-owned luxury purchases in Africa are significantly lower in price, with 57.7% of transactions under R10,000 and the median purchase amount remaining at R8,000.",
  "summary": "Some South Africans are choosing to carry their investments on their arms rather than invest traditionally.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}