Cynthia Morrow and Shika Bodani founders of More Luxury Club attest to sharing as a sustainable and thriving business model, declaring "We have seen a demand for Chanel's classic bags, both for their classic appeal and the opportunity to experience these luxury goods without the full financial commitment.”

If the serial number on a bag does not follow the Chanel formula or has more than oito digits it is most certainly a fake. In rare cases you can find vintage Chanel bags with a 6-digit serial number.

circa 2006 and being enamoured with Lauren Conrad’s arm candy. That was until I discovered the price tag and swiftly parted with the dream of owning one. Whilst drawing my attention to more attainable investments, I began to realise the magnitude of the "Chanel effect”.

dotLuxury Updated: August 1, 2017 When dining at a restaurant in a seven star hotel, what would you wear? See the fashion picks from Kristen Taekman for a few pointers!

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A bag in 'very good' condition has been used but has also been well maintained. There are only minor signs of wear.

Eight digit serial number printed on white sticker covered with clear tape with two Chanel logos."X" cut-lines prevent sticker from being removed without damage. "CHANEL" appears on rightright side of the sticker. Dark line appears on left side of sticker. Gold speckles appear throughout sticker.

Having designed bags from 1929, Coco Chanel's archives include a myriad of timeless iterations that demonstrate the evolution of Chanel over the years. This bold and flat"CC" adornment is often seen on its older styles.

When checking the authenticity of a Chanel bag, always examine the leather straps on the fake vs real Chanel bag linked chain. The straps should be even with pelo bumps, and the stitches should be equal throughout.  

Catch my detailed video review on YouTube right here! Don't forget to enable English subtitles for a comprehensive understanding.

It was the first of its elegant and practical kind, each bag designed and made featuring the iconic quilted leather, which is now synonymous with many Chanel bags, Coco loved so much.

One of the key elements is the Chanel serial number, often referred to as the "social security number" of the bag.

Coming in at between £1000 to £15000, the first question on many people's lips is whether it’s worth its significant price tag, which has led me to examine the quality and its rich history.

As Chanel bags do not depreciate in value immensely, they can be sold and ‘borrowed’ at the owner’s whim.