My MK Item Tote Has Appreciated in Value

Anyone watching Fashion Hunters?  If you haven’t caught it yet, it’s a new show on Bravo that follows the buyers at Second Time Around, an upscale resale boutique.

In the second episode of the show, the fashionistas at Second Time Around hosted a Birkin bag swap/shop party. Birkin bag expert, Michael Tonello, was brought in to authenticate the bags.  There was, of course, some drama about a fake bag at the party.  But, one of the notable things I kept hearing in that episode, is that Birkin bags can be viewed as “investments” since they often appreciate in value.

I don’t know about you, but I certainly can’t afford a Birkin.  Apparently, I can’t even afford a fake Birkin.  But, I do have a classic, lower cost bag that has appreciated in value—my Michael Kors Item Tote in Python.

I purchased my MICHAEL Micahel Kors Item tote on eBay in the summer of 2010.  I paid $98 for it, a price that reflected a saving of $100 off the retail price of $198 at that time.

My MICHAEL Michael Kors Item tote is a bag I reach for often. Tee—H&M, Cardigan-H&M, Leggings—Adrienne Vittadini via Marshalls, Scarf—The Limited, Shoes—DVF via C21,  Earrings—Kendra Scott “Nyla” in crush

The item tote has been a perennial favorite for at least the last three years.  So, I wasn’t surprised to see it back on the shelves this year.  But, I did notice something peculiar about the price this year.

Source: Macy’s

The python item tote must’ve grown in popularity because the price on this style has increased by $30!  Interesting, eh?  Have you noticed any peculiar price hikes recently?