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But the right bag can make a seller as much a £2,300 at £5,600. The Louis Vuitton Speedy, with its iconic monogram print, was the first bag that the brand created. A new bag costs £696, but can fetch up to £2,500 if it sold on. The Neverfull comes in all shapes and sizes and has seen collaborations with a long line of top artists including Yayoi Kusama and Stephen Sprouse. Bought new, a Neverfull can cost £880. But the most sought after can be sold on for up to £2,500. This bag has been linked with the late Princess Diana since the then-First Lady of France Madame Bernadette Chirac, gifted it to the monarch in 1995 - a year after its creation. A new Lady costs £3,900. But the rarest and best kept bags can be sold for as much as £18,000. The Trapeze is one of the world's most recognisable bags, thanks to its box flap and wings. New, it costs £1,750 and can make an owner £1,500 if it's sold on. Hermes bags are among the most coveted in the world - and the Kelly is no exception. Named after the actress and princess of Monaco Grace Kelly, a new bag can cost £6,000 but can fetch up to £42,000 when sold again. The Rockstud bag, which showcases a tough-luxe aesthetic, costs £1520.
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The company also went all in on factory outlets. Coach has never broken out how much those stores generate, but by 2013, Wall Street firms had it pegged at 60% of sales. “That’s how industries commoditize themselves,” says UBS analyst Michael Binetti. Soon after the recession, more than half of Coach’s sales came from handbags costing a relatively cheap $200 to $300. Bags stored in the archives at Coach’s headquarters. Photograph by Alex Fradkin for Fortune None of that mattered as long as Coach was growing. The company reached a high-water mark in 2011, leading the U.S. handbag market with a 29.2% share, according to Euromonitor International. But upstart brands like Michael Kors (kors) , Tory Burch, and Kate Spade soon began outmaneuvering Coach. Kors was a particularly aggressive foe—opening stores right next to Coach at dozens of malls, to siphon off traffic, and undercutting Coach on price. Worse yet, Coach’s brand was losing its distinctiveness.
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