Woman spends £5k on designer bags – then discovers they’re practically worthless

A woman hoping to sell her designer bag collection was left gobsmacked when she was told of the re-sale price.

Marlene, 79, from Sheffield, and husband Brian were trying to liquidate some of their assets and put it into a trust fund for their granddaughter.

Appearing on ITV's three-part series Million Pound Pawn yesterday (March 10), the couple turn to pawnbroker Dan Hatfield for help and Marlene decides to part with eight of her many luxury handbags – from Gucci, Vivienne Westwood to Paul Smith.

"I've got a real addiction to handbags, I've got very expensive taste," she says.

The fashion lover then points out that the black ostrich Vivienne Westwood is a limited edition which she expects to fetch £1,500 for.

She is hoping to get a return of £6,000 from all eight handbags.

Dan then goes to bag expert Charlie for valuation and she believes the "made in Italy" stamp indicates that the bags were mass produced, which will bring the value of the bags down significantly.

Charlie adds: "I reckon she paid five grand for this collection, but it's really all about the fashionability of the bag."

When Dan revisits the couple to deliver the valuation, Marlene is stunned.

He says: "I've gone to one of the best bag experts in the UK. She is saying for the Westwood about £100."

Marlene gasps and says: "You're joking? £100?"

Then Dan takes out the Gucci monogram printed hobo bag and adds: "This is a bit of a classic, isn't it?

"This Gucci would be £250."

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Marlene says she paid about £2,000 for the bag and she expects her black Gucci python bag worth about £1,000.

Dan says it's valued at only £150.

"I've got this vision of what I'm getting for my bags," Marlene adds. "It's completely been crushed."

Dan said he would buy all eight handbags for £1,065.

Marlene admitted that she doesn't use the bags and decided to sell all of them.

Million Pound Pawn is available to watch on ITV Hub now.

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