Balenciaga Rodeo resale prices are up 258% — do It-bags actually hold value?
Fashion week is everywhere and the Balenciaga Rodeo is going for wild money on resale — I saw data saying resale prices are up 258% this year. I've always wanted a really good bag but I'm not spending $2k to find out it's a bubble. People keep saying 'it-bags hold their value' — is that actually true when you look at sold prices, not just listing prices? Anyone bought secondhand and tracked what happened to the value?
1 answer
- Track sold prices, not asking prices
Resale data on 'up 258%' almost always mixes asking prices with sold prices — those are totally different numbers. On marketplaces like Fashionphile, Rebag, or Vestiaire you can filter sold listings, and It-bags typically resell at 60-80% of retail unless it's a genuinely scarce piece. A Rodeo at 2.5x list price with no sold comps behind it is a bubble signal, not a value signal. Check sold history first: if the last five sales cleared near retail, it's real demand; if it's all expired listings at fantasy prices, walk away.