Vintage classics and secret sales: Why the luxury handbag market is booming

Thinking of investing in a luxury handbag? Here’s what’s selling now

Launer London bags with their structured style and ‘twisted rope’ emblem are made in England

“We don’t sell handbags or haute couture,” Alan Wertheimer, Chanel’s chairman once said. “We sell dreams.” And while at its core the handbag is still a utility piece, at its heart it is something entirely different.

The French stalwarts Hermès and Louis Vuitton are credited with reimagining the practical saddlebag, for instance, creating designer luggage for discerning patrons. Each iteration became smaller, moving from holdall to handbag. More recently, in the Sex and the City ...