Whether you have a coveted Louis Vuitton bag or are in the market for one, you may be interested in its current value.
Here we offer a guide to the prices of Louis Vuitton bags in South Africa, both in new and resale markets.
What determines the resale value of Louis Vuitton bags
The most important factor that determines the resale value of a Louis Vuitton bag is the model. This will determine the original value of the bag.
Other important factors include the condition of the bag, its age and whether it’s a special or limited edition of the model.
Current international and local demand and trends in high fashion will also have an effect as will the availability and/or rarity of the bag.
Current marketing, especially celebrity endorsements, can have a huge impact on the resale value of a Louis Vuitton bag.
New prices for Louis Vuitton in South Africa
Louis Vuitton bags are amongst the most expensive luxury handbags you can buy in South Africa today.
New prices range from roughly R16,000 for the least expensive bag models, such as the Louis Vuitton Speedy 25, to R77,000 and up for high-end bags like the Capucines.
Global prices for new LV bags
In mid-2024, the prices for new Louis Vuitton handbags went up by between 1.3% and 4% in the US, making them a more valuable asset for collectors.
The Capucines Mini went up by 4% and is now worth $6350 (R113,573).
The price of the Nano Speedy increased by 2.2% and is now $1800 (R32,194).
The Keepall range increased by between 2% and 1.8% making the range cost from $2440 (R43,640) to $2690 (R48,112) depending on the size.
The Alma, Neverfull and Noé bags saw no increases in 2024 except for the Nano Noé which saw a 1.8% increase and now retails for $1650 (R29,511).
Resale prices for Louis Vuitton bags in South Africa
There is a large pre-owned market for Louis Vuitton bags in South Africa.
Luxury brand reselling website Luxity is a great source for finding out what your Louis Vuitton bag is worth or what you should be paying for a secondhand luxury handbag.
The Louis Vuitton Speedy range starts from around R16,500 depending on the material, size and other factors.
For the Neverfull you can expect a resale price of about R21,000 upwards depending on the model.
Another popular bag the Louis Vuitton Noé, expect a value of about R19,300 or more depending on which style it is.
The LV Capucines bags are on the pricier side. These bags start from R64,300 or more depending on the type.
The world’s most expensive LV bags
Top of the list of most expensive Louis Vuitton bags is the Urban Satchel, a statement piece that is covered in water bottles, cigarettes, and chewing gum wrappers. It is valued at a whopping $150,000.
The Kusama Pumpkin Minaudiere Jewel Bag is an exclusive collaboration with Yayoi Kusama which goes for $133,430. Only five were ever made.
A more mainstream LV bag that is still in production is the Crocodile Skin City Steamer. You can get one of your own for about $55,500.
Most popular Louis Vuitton handbags in South Africa
The Louis Vuitton Speedy and the iconic Neverfull, first introduced in 2007, top the popularity lists in South Africa.
Other highly sought-after items include the Louis Vuitton Keepall, the Noé bucket bag and the art deco-inspired Louis Vuitton Alma.
An alternative to selling: pawning your Louis Vuitton bag
LoanAgainst offers loans secured by the market prices of Louis Vuitton bags in South Africa. This means you can use your luxury bag to get cash straight away, without having to sell the bag.
During the loan term, we’ll store your high-end bag in a secure, access-controlled facility. And when the terms of the loan agreement have been met, the bag is returned to you in the condition you left it.
This doesn’t affect your ownership of the bag. After it’s returned to you, you can choose to keep it, sell it at a later date or use it to secure a further asset-based loan.
For fast, convenient loans against luxury bags or other movable assets – ranging from vehicles to jewellery or artwork, call us on 064 976 7106 for more information or simply complete and submit our online loan application.
