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Where To Buy Balenciaga The Cheapest in 2024? (Cheapest Country & Place, Discount, Tax Refund)

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Where To Buy Balenciaga The Cheapest in 2024? (Cheapest Country & Place, Discount, Tax Refund)

Founded in Spain in 1919 by Cristóbal Balenciaga, Balenciaga is known for pushing boundaries with sculptural shapes in technical fabrics. Specifically aimed at developing coolness and elegance for a new Balenciaga woman, the search for chic incorporates the accidental ideas which may occur in fittings. The label's bags and shoes claim cult status from season to season, from the chunky Triple S trainer to the oversized Shopper totes. Is Balenciaga a good investment? Where to buy Balenciaga bags and sneakers cheap? Does Balenciaga hold value? Is Balenciaga cheaper in the UK? Is it cheaper to buy Balenciaga in Spain? In this guide I will help you to find the cheapest countries and place to buy Balenciag!

Cover Photo:balenciaga ins

The Cheapest Country to Buy Balenciaga 2024

The prices of Balenciaga items vary between countries, because of the currency exchange rate, current prices, VAT, taxes and other factors that play a role in how much the Balenciaga's cost. Today I'm going to take an in depth look at the price of Balenciaga in different countries to decide which country will offer you the best price.

Let's look at the Balenciaga bag's price comparison between the UK, US, Europe, Canada, Australia, Japan, China and Singapore. In this comparison, I will calculate the price difference with the currency exchange, sales tax and the VAT Refund amount. For example, we will look at the price of Balenciaga Hourglass XS bag, black. The Balenciaga Hourglass is a great investment piece in the world of high fashion accessories. With its mix of classic and quirky style and desirable reputation, the Balenciaga Hourglass bag has shaped up to be a legendary It bag.

Pricing and exchange rates are as of November 3. 2024.

Country & Region	Local Price	USD Equivalent Price	General VAT Rates
United States	$2,550	$2,550	0%-9.55%（Sales Tax-different states vary）
United Kingdom	£1,850	$2073.19	20%
France	€1950	$1904.17	20%
Italy	€1950	$1904.17	22%
Austria	€1950	$1904.17	20%
Ireland	€1950	$1904.17	25%
Switzerland	CHF2200	$2173.94	7.7%
Germany	€1950	$1904.17	19%
Finland	€1950	$1904.17	24%
Spain	€1950	$1904.17	21%
Japan	Ұ 306,900 incl. VAT	$2071.96	Consumption tax: 10%
Australia	AU$3200	$2020.08	Goods and services tax: 10%
Canada	CA$3,150	$2296.74	Combined federal and provincial/territorial sales taxes range from 5% to 15%.
China	¥18100	$2480.23	13, 9, or 6% depending on the types of goods and services.
HongKong(China)	HK$18500	$2356.67	There is no VAT or sales tax in Hong Kong
Taiwan(China)	NT$78900	$2446.85	5%
Singapore	SG$3300	$2326.25	Goods and services tax: 7%
Malaysia	MYR9900	$2085.97	6% GST

What is VAT?

The value-added tax (VAT) along with the goods and services tax (GST) is a consumption tax, which means it is paid by the private consumer. It is not a revenue tax. While over 160 countries use a value-added tax, it is most common in the European Union. It can be labelled VAT, TVA, IVA, moms, MwST, and a few others depending on each country.

What is VAT refund?

European countries let foreign (non-EU) travelers claim a so-called VAT-refund on eligible purchases. VAT translates as “value added tax”. VAT charge in Europe fluctuates anywhere between 7-25% and is already included in the market price of an item, unlike in the U.S., where tax is an extra amount charged at checkout.

Conclusion:

As you can see from the chart above: if you are going to buy Balenciaga bag or sneaker, the cheapset place is in Europe(especial Ireland,Italy, Finland, Finland, Spain ). The two main reasons for why people choose to shop for luxury in Europe are VAT-refunds and cheaper prices.

The most expensive country to buy Balenciaga is China. When European luxury goods are shipped for sale overseas, they typically incur import/duty taxes and higher transportation costs. These extra costs result into higher retail prices abroad.

Source:balenciaga.com

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Eligibility for VAT refunds

To qualify for a VAT refund, you must:

Be a resident of a non-EU country at the time of purchase;
Have been in EU for less than six months;
Be at least 16 years old;
At the time of purchase, you must be able to produce evidence of the above, such as a passport or, as an exception, an original, valid identification card if you live in a non-EU country that is part of the Schengen Area (Norway, Switzerland, Iceland or Liechtenstein).
A stamp by the customs office at the point of departure from the EU definitively exempts the seller from collecting VAT. It is up to the seller to reimburse the VAT paid on the basis of the customs validation.

Where and when can you get a VAT refund?

In European countries, most downtown department stores, large shopping centers, brand stores, factory stores, specialty stores, etc. can get tax refunds, and you must look for the "VAT Refund" and "Tax Refund" signs.

Within 3 months before leaving the country, tax rebates can be obtained for clothing, cosmetics, luggage, electronic products, handicrafts and other items that can be carried out of the country purchased in these places.

Source:balenciaga ins

Why is Balenciaga so popular?

Balenciaga, helmed by Georgian designer and Vetements founder Demna Gvasalia, has always been a cult luxury fashion brand. Its popularity graph is, once again, rising dramatically due to a marked emphasis on postmodern irreverence and a conceptual interrogation of what high fashion can and should be.

Sculptural shapes executed in technical fabrics remain central to the label's DNA, and draw on the original couture silhouettes. The label's bags and shoes claim cult status from season to season, from the chunky Triple S trainer to the oversized Shopper totes.

Are Balenciaga bags good quality?

The softness of the Balenciaga handbags is due to the high-quality lambskin or calfskin leather used to create them. The Balenciaga pieces are hand sewn, which adds to the essence, giving them a high-quality look and feel.

Does Balenciaga have good resale value?

Balenciaga bags tend to hold their value very well over time. So if you're looking for a designer bag that will last you for years to come, Balenciaga is a great option.

The 2024 Luxury Resale Report found that the French maison boasted the greatest growth in demand across all of its top 10 most popular brands: an increase of 41 percent year-on-year.

Source:balenciaga ins

The Cheapest Place to Buy Balenciaga Online

1. Ssense.com

SSENSE is a multi-brand retailer based in Montreal, Canada specialising in the sale of designer fashion and high end streetwear. It's a global technology platform operating at the intersection of culture, community, and commerce.

Headquartered in Montreal, it features a mix of established and emerging luxury brands across womenswear, menswear, kidswear, and Everything Else™. You can find Balenciaga's hallmarks here, include Slash heels and ankle boots, and a range of handbags including the Bazar Shopper tote, Cabas tote, and iconic City bag.

Source:ssense.com

Prices: $110-$5050

Coupon or Discount:

-20% off ends soon. Use code US2024 by Nov. 8, 2024 at 9AM EST

-Free shipping on orders over $100 and free returns on all orders.

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2. 24s

24S is a proud member of the Louis Vuitton Moët Hennessy (LVMH) group. Bringing the spirit of Paris to life through an exclusive online shopping experience for men and women, 24S features a selection of more than 300 fashion and beauty brands, from the finest luxury houses to emerging designers, including the promising talent of the LVMH Prize. You can find Balenciaga bags, ready-to-wear, shoes，accessories here.

Source:24s.com

Balenciaga Prices: $350-$6990

Coupon or Discount: Free delivery on orders over $250.

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3. NET‑A‑PORTER

Since its launch in June 2000, NET‑A‑PORTER has delivered incredible fashion for incredible women. With more than 800 of the world's most coveted designer brands, including Gucci, Chloe, Balenciaga, Saint Laurent, Isabel Marant, Prada, and Stella McCartney, 200 specialist beauty brands, and new arrivals on site three times a week, NET‑A‑PORTER is the world's premier luxury fashion destination. Buy your Balenciaga Bags, Clothing, Accessories, Jewelry and Watches here!

Source:net-a-porter.com

Balenciaga Prices: $125-$7300

Coupon or Discount:

- Free standard delivery on all orders.

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4. Saks Fifth Avenue

Saks Fifth Avenue is the premier destination for luxury fashion, driven by a mission to help customers express themselves through relevant and inspiring style. Since inception in 1924, they have delivered one-of-a-kind shopping experiences, featuring an expertly curated assortment of fashion and highly personalized customer service. Their unique approach combines an emphasis on the digital customer experience with a strong connection to a network of 41 extraordinary stores across North America for seamless, all-channel shopping.

Source:saksfifthavenue.com

Balenciaga Prices: $1150-$6950

Coupon or Discount:

-Free shipping & free return.

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- $35-$900 Digital Gift Card with Code OCTGIFTSF

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5. Matches

MATCHES is a London-based modern luxury shopping destination for the confident global fashion customer. MATCHES aims to be the most personal luxury shopping experience in the world – whether you join it online, in store, via its app or at its pioneering retail and broadcasting destination, 5 Carlos Place.

Discover the MATCHES point of view with their edit of over 650+ established and innovative designers, from Balenciaga,Gucci, and Prada to Saint Laurent, Halpern and Wales Bonner.

Source:MATCHES

Balenciaga Prices: $130-$15325

Coupon or Discount:

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6. Vestiaire Collective

Founded in Paris in 2009, Vestiaire Collective is a social commerce platform that enables people to buy and sell luxury, pre-owned fashion products. Join the global fashion activist community and discover thousands of carefully curated new bags, sneakers, shoes, watches, and more. Sustainable fashion shopping has never been easier.

They add over 3,000 pieces to their marketplace every week. From Prada to Gucci, Coach to Burberry, Vestiaire Collective has an unrivaled selection of vintage and designer bags for your sustainable fashion shopping.