I started a series called: Luxury Designer Bag Investments – Are they actually worth the money? and will be going into the history & background, along with as many notes as possible into each Iconic Bag and how it reached Cult Status… and presumably stayed there!
As there are many bags, I will be posting a new one every week until I run out. 🙂
Today, introducing the…
Fendi Peekaboo Bag
HISTORY: Why & how it became famous
It debuted in the Spring 2009 Milan show and was popular but then died off. However, it gained a new following in 2014 when it was reintroduced again and is one of Fendi’s most popular models which is incredible! It is all thanks to creative director of accessories Silvia Venturini Fendi.
Normally, bags are popular, and then they die off, but they don’t rise again like a phoenix from the ashes.
It was named after a childhood game where the top flaps are easily ope and shut with twist locks.
Another theory is that the bag opens at the top and peeks the bag open to have a look to reveal what is inside.
PRICE LIST for the Fendi Peekaboo (Large)
|Year||Price in $USD|
RETURNS ON A FENDI PEEKABOO
The bag has increased in value of 91% in value since 2009 when it originally cost $1980.
If we normalize it to 2020 dollars, $1980 back in 2009 is now worth $2382.19.
In stores, it sells for $4550 for a difference of $2167.81 or 91% over what its price would be, taking inflation solely into account.
(Remember, value is also subjective because someone has to see that and buy it from you at that price, just like with stocks, but a lot trickier to liquidate. Also, who is going to buy an old bag when they can buy a new one for the same price?)
The S&P 500 had you invested that same $1980 and not touched it or added any money to it, would have returned: $7683.73 even with the recent 2020 drop due to the virus:
If you want to read more…
- The Week: The Story of the Peekaboo
- Vogue: Fendi Anniversary Gifs for the bag celebration
- PurseBlog: The Fendi Peekaboo Guide
- Brag my Bag: Fendi Prices
- Vees Corner: Fendi Review of the Bag
- Purseonals: Fendi Peekaboo Review
- Purse Forum: Fendi Peekaboo Chatter
Loved this? You can see the rest of the luxury designer bag comparisons in this series here: Luxury Designer Bag Series.