I got into buying designer bags around 10 years ago when I had money to burn from commission checks. I did some trial and error first with pre-owned bags, then I bought some new. I bought the classic styles that have been around since the 1930s or 50s, and I’m still very happy with my small collection and wouldn’t sell any of them.
I think what’s happened in the past few years is 1) huge ridiculous price increases because companies didn’t like it that non-affluent people could buy their bags during the pandemic, 2) declines in quality, 3) influencers making young people feel like they need the new hot trendy bag that costs $4k, 4) super fakes, 5) Gen z keeping the pre-loved market going, and basically a lot of people have said fuck it to new designer bags.
A Chanel bag is now TEN THOUSAND DOLLARS and the quality is not there. They sell for half that online so they’re not a good investment anymore. If you really want one, buying used or better yet vintage is the way to go. Or the rich NY women are just buying the super fakes.