Would you pay R2.3 million to R4.9 million to own Webb Ellis cup trophy case?
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GUEST - Michael Zahariev - Luxity’s co-founder
The Springboks have brought home the coveted Webb Ellis Cup for a fourth time, and, with it, the Official Trophy Travel Case designed by Louis Vuitton for Rugby World Cup France 2023. “But how much would this hand-crafted collector’s item theoretically sell for?” asks Michael Zahariev co-founder of Luxity.
He explains that while the value of the case is currently unknown; Louis Vuitton pieces tend to retain approximately 65% of their original value in the South African market, but unique items could sell for 150% of their original value. “To determine how much one lucky fan could pay for this bespoke trophy trunk, we would need to consider the price of a new trunk with similar dimensions, but one which also has a uniqueness factor. Although, it’s quite difficult to give exact estimates on such unique items, in that case, one would have to use a comparable. So, in this instance, the benchmark could be the Party Trunk, (complete with disco ball and bar) which has an asking price of R3.6 million and would set the resale value of the Webb Ellis Cup trophy case at R2.3 million to R4.9 million”.
The Springboks have brought home the coveted Webb Ellis Cup for a fourth time, and, with it, the Official Trophy Travel Case designed by Louis Vuitton for Rugby World Cup France 2023. “But how much would this hand-crafted collector’s item theoretically sell for?” asks Michael Zahariev co-founder of Luxity.
He explains that while the value of the case is currently unknown; Louis Vuitton pieces tend to retain approximately 65% of their original value in the South African market, but unique items could sell for 150% of their original value. “To determine how much one lucky fan could pay for this bespoke trophy trunk, we would need to consider the price of a new trunk with similar dimensions, but one which also has a uniqueness factor. Although, it’s quite difficult to give exact estimates on such unique items, in that case, one would have to use a comparable. So, in this instance, the benchmark could be the Party Trunk, (complete with disco ball and bar) which has an asking price of R3.6 million and would set the resale value of the Webb Ellis Cup trophy case at R2.3 million to R4.9 million”.
