Matthieu Blazy isn’t the only one causing a stir at Chanel. The latest U.S. price increase is generating just as much buzz.
Price Increase by Style
While new-season Chanel was spared from the recent price increase, many Chanel handbags were not. As of April 2, most bags saw prices rise by $200–$400, reflecting adjustments across several core styles.
Overall, price increases ranged from around 2% to just under 5%. The Small Chanel 25 saw the biggest increase at 4.7%, and the Large Chanel Boy Flap saw the smallest at 2.6%. Let’s take a closer look at the impacted styles.
Chanel Classic Flap
The Classic Flap line saw increases ranging from 3.1% to 3.8%. The Mini Square Flap now sits at $5,400, the Mini Rectangular at $5,600, the Small Classic Flap at $11,300, the Medium Classic Flap at $11,700, the Jumbo Classic Flap at $12,600, and the Maxi Classic Flap at $13,200.
Chanel 25
Ever in demand these days, the Chanel 25 saw some of the steepest increases, ranging from 3.3% to 4.7%. The Mini now sits at $6,300, the Small at $6,700, and the Medium at $7,000.
Investing in Chanel
What does this mean for you? If you already own a Chanel, your investment has appreciated in value. Thinking about selling? Now is the time to cash in. And if you don’t own a Chanel handbag yet, now’s a great time to invest. Just take a look at how much the Classic Flap alone has grown in value over the years.
Haute Tip: Learn more about maximizing your Chanel resale value here.
As you can see, the return on investment is marked. And with prices only moving in one direction, there has never been a better time to buy or sell. Whether you’re looking to shop for a new Chanel handbag or sell your old one, you can do both at FASHIONPHILE.
