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This tool calculates how much your designer pieces will be worth when selling them on

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According to fashion resale site Vestiaire Collective at least 5 per cent of shoppers now think about the resale value of their purchases before handing over their credit cards. But anyone who has tried to work out a lowest bidding price for an item on eBay or Vestiaire will know it can be near impossible to work out how much to price your worn shoes or five-year-old handbag.

To make it easier to determine exactly how a pair of Gucci loafers will depreciate, the resale site has launched a tool which will tell you how much you can sell your designer items for. The Resale Calculator, which launched this week, uses data from its millions of members to reveal in less than one minute how much designer items will be worth when selling them on. For now, this tool only works with items by 12 key luxury brands; Chanel, Louis Vuitton, Hermes, CĂ©line, Balenciaga, Gucci, Prada, Dior, Saint Laurent, Isabel Marant, Valentino and Christian Louboutin.

"The way consumers shop has definitely evolved over the last few years, they're increasingly moving away from justifying a purchase through a 'cost per wear' rational to carefully considering the resale value of an item," Fanny Moizant, co-founder of the site, explains. "I think you're more likely to invest in a piece of a higher value if you know you can resell and recoup a significant chunk of your investment back."

It's true that a designer handbag can be a smart investment. A recent study found that Birkin bags have performed better than both the American stock market and the price of gold in the last 35 years. According to the website Baghunter in January 2016, the annual return on a Birkin bag is 14.2% compared to the S&P 500 index, which has increased by 8.7% a year, and gold, which is -1.5%. The value of Chanel 2.55 handbags have also increased 70 percent in the last six years.

Moizant reveals that right now, Gucci is a safe bet when it comes to resale value, which is no great surprise given the Italian house has just reported a 17% rise in third quarter sales. "Some of the brands remain fairly consistent whilst other really fluctuate according to the brand activity," explains Moizant. "We've seen a huge increase in the resale of Gucci since Alessandro Michele's arrival for example, similarly the resale value of Valentino is high thanks to the popular Rockstud collection."

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