In a continuing series of 2021 contradictions, Chanel raised its bag prices again this week. The last price hike was in May and took customers by surprise as health concerns and financial struggles seemed to be at an all-time high.
Most customers voiced their opposition and expressed that the price increase came at a bad time and “was in very bad taste.” Another observer rightfully stated that “all these slight increases will eventually add up.” The numbers seem boggling, as of today, a Medium Classic bag is priced at $7400. A Maxi size is $8000.
I don’t believe that the most recent $300 price increase will deter many Chanel shoppers from desiring a bag. To put prices in perspective, a 25cm Birkin is $9850 (in swift leather), a yellow gold Cartier Love bracelet is $6400, a Van Cleef Vintage Alhambra necklace with 10 motifs is $8800, and a Rolex Datejust 36mm stainless steel watch with a Jubilee bracelet retails for about $7000.
If you look closely, Boy Bags have not gone up in price as significantly. In four years the Large/New Medium has only gone up in price $400. If you’re looking for a good deal on a pre-owned bag, I suggest you set your sights on a 225 or 226. The retail values are currently very deflated. If you click on the image below, the chart will expand and you can review Chanel pricing dating back to 2008.
I had no idea what a busy week it was until I started this post. I think I need a vacation, well, more than a new Chanel bag. That’s for sure.
Until next week…same time same place?