Today, Chanel increased its prices for 2023, and we are here to share which bags are affected and by how much. It came as a surprise to absolutely no one, but considering the latest hikes for Chanel bags, it’s hard not to wonder when and if the price increases will see an end.
Chanel 2023 Price Increase Explained
Chanel’s chief financial officer, Philippe Blondiaux, has shared insights into the Chanel price increases. Last summer, he said the brand could implement a price increase “to account for currency fluctuations and inflation.” Moreover, he hasn’t shied away from speaking on the increase in being a part of the brand.
The twice-a-year increase has become something expected by customers over the past years as common practice. When asked about the increase’s reasoning, Blondiaux shared with WWD that “We usually revise our prices twice a year. That’s what we’ve always done and will continue to do.”
In 2022, Chanel maintained the double-digit revenue growth it has accustomed to, even with the closure of stores in Russia and China. However, when looking at the numbers, research analysts for Jefferies shared that the sales uplift the brand has seen could be due to the 21-30% increase in pricing on its bags over the past couple of years versus the overall volume in sales.
The New Chanel Prices and What is Affected
The increase was steep! Steep enough that the only Classic Flap under $10,000 is the small size, with the Maxi reaching the $11,000 mark now. The Classics were hit with a 16% increase, soaring prices above $10,000 for most. The Coco Handle, Chanel 19, and the Pearl Crush were all given a 14% increase across the board.
This was a global increase, affecting many markets. Below, you can find the new, updated prices of Chanel Bags for 2023.
| Classic Bags | New Price | Old Price | % Increase | Delta |
| Chanel Classic Mini Square Flap Bag | $4,700 | $4,200 | 11.9% | $500 |
| Chanel Classic Mini Rectangular Flap Bag | $4,900 | $4,400 | 11.36% | $500 |
| Chanel Classic Small Flap Bag | $9,600 | $8,200 | 17% | $1,400 |
| Chanel Classic Medium Flap Bag | $10,200 | $8,800 | 16% | $1,400 |
| Chanel Classic Jumbo Flap Bag | $11,000 | $9,500 | 15.8% | $1,500 |
| Chanel Classic Maxi Flap Bag | $11,500 | $10,000 | 15% | $1,500 |
| Chanel Classic Flap Mini Top Handle | $5,400 | $4,800 | 12.5% | $600 |
| Chanel Coco Handle Mini | $5,400 | $4,800 | $600 | 12.5% |
| Chanel Coco Handle Small | $5,900 | $5,000 | 18% | $900 |
| Chanel Coco Handle Medium [*] | $5,500 |
| Reissue Bags | New Price | Old Price | % Increase | Delta |
| Chanel Reissue Mini Bag | $4,900 | $4,400 | 11.36% | $500 |
| Chanel Reissue Regular Bag | $10,200 | $8,800 | 15.91% | $1,400 |
| Chanel Reissue Large Bag | $11,000 | $9,500 | 15.79% | $1,500 |
| Boy Bags | New Price | Old Price | % Increase | Delta |
| Chanel Small Boy Flap Bag | $6,100 | $5,400 | 12.96% | $700 |
| Chanel Medium Boy Flap Bag | $6,600 | $5,900 | 11.86% | $700 |
| Chanel Large Boy Flap Bag | $7,000 | $6,200 | 12.90% | $800 |
| Wallet-On-Chain Bags | New Price | Old Price | % Increase | Delta |
| Chanel Classic WOC Bag | $3,350 | $2,950 | 13.56% | $400 |
| Chanel Boy WOC Bag | $3,425 | $3,000 | 14.17% | $425 |
| Chanel 19/22 Bags | New Price | Old Price | % Increase | Delta |
| Chanel 19 Small Bag | $6,400 | $5,700 | 12.28% | $700 |
| Chanel 19 Large Bag | $6,800 | $6,300 | 7.94% | $500 |
| Chanel 19 Maxi Bag | $7,500 | $6,900 | 8.70% | $600 |
| Chanel 22 | $5,800 | $5,300 | 9.43% | $500 |
Impact on the Chanel Consumer
The price increases are partly due to Chanel’s desire to become more exclusive. However, the rate at which these bags have increased has turned many off. Customers of the brand have a hard time stomaching, paying nearly $1,000 more for the same bag overnight. Additionally, the frequency and the secrecy of the price increases have some turned off as well.
One user on our forum shared that “When Tiffany’s had a price increase, my SA let me know weeks in advance. I feel like Chanel just wants us to keep spending more. I just can’t help but feel like I’m in an emotionally abusive relationship.”
While other brands also implement increases, Chanel seems to be in a league of its own with the percentage and consistency of increases. Though the brand has worked for worldwide price equality, the new prices put these bags on par with Hermès pricing and as reported by many, out of reach.
Final Thoughts
While many feel negative about the price increase, plenty will begrudgingly pay more for the bags they have been eying and others won’t even bat an eye. Chanel understands its core customers well, one they will confidently retain while reaching new luxury customers.
In-store, plenty of bags are still sold before they ever hit the shelves, letting you know that while these increases are a broadly criticized practice by the brand, it isn’t pricing out its core audience from buying Chanel.
We updated the previous rumor article with the new, confirmed prices and information.
Why can’t I post pictures
The problem is that I am embarrassed to use them now. Before all this, Chanel classics were just right for everyday life (slightly elevated I concede) and was perfect for travel. They are less structured and lighter. Now, I don’t want to wear something around that costs more than maybe someone’s car. It feels insensitive and casts the wrong image. So I use mine much less often now. Sigh.
I feel no guilt whatsoever. I have worked hard my entire life and wasn’t able to afford a CHANEL until I was 51. I had paid off college tuition for both of my children and have zero debt(except my mortgage) and have earned these bags. People can think me insensitive or whatever they wish. I can’t control that. If they want to judge me on a handbag, so be it.
That’s great, but not everyone has had the privilege to work their entire life to afford one of these bags, just saying. We live in a society, and with that does (or rather should) come having worldly knowledge, prudence and responsibility. Not to be blatantly ignorant. These prices are just getting so ridiculous, I have no idea who is going to feel safe wearing Chanel handbags.
If the quality matched the price increase okay but the quality is crappy and this is a travesty to those that used to enjoy these bags.
Worldly knowledge? Prudence:? It’s just a bag. I don’t feel the need for worldy knowledge before buying a bag. Again…. it’s just a bag. I am perfectly safe where I live. Where do you live? If you can’t be safe walking from your car into a grocery store or down the street carrying a nice bag, perhaps you should move or vote better leaders and DA’s into your state. Futhermore, I didn’t have to work my entire life to afford my bags. At least, I hope not(I’m 52) I just had more important things to pay for. I guess I should have written “justify buying”. So prudent and responsible, I am. Blatantly ignorant I am not. I have done very well for myself. Yes, the prices are crazy, but I can afford them and am willing to pay these prices, if I choose. What I don’t do is judge others for what they do. You should try it.
A little salty?? Wow
Perceptions of inequality differ, making it a matter of differing perspectives rather than one of being ‘salty’.
I was being judged as blatantly ignorant and irresponsible, and I’m the salty one? Told that I shouldn’t buy expensive bags because it hurts those that can’t? Whatever!
You go, girl!! People are lazy and only want to steal!!!!!!!!!!!!!!!!!!!!!
Ah no.
Not everyone who cannot afford (or don’t want to pay) Chanel bags are “lazy” or “want to steal”. I mean, people might think we’re idiots for buying them 🤣
Let them think whatever they wish. I will not shrink to make others feel good. God created me to shine. I work hard, and I am not living above my means when I spend $7K or so on a bag. I am more at conflict with the leather, as I am an avid animal advocate, so I usually buy pre-loved so not to generate the need to harm more animals. That’s how I justify it anyway.
So? You worry far too much about what others think of you. You may be surprised to find that most probably don’t think of you at all..
I agree as well. I am a Stay at home mom with 2 toddlers. My errands are Target and Costco. Prior to kids yea sure I’d only use my expensive bags as my everyday bags and that was a few years ago. Now, you won’t see me using my Chanel’s to target of Costco while lugging my toddlers around.
I’m guessing that’s exactly what these price increases are trying to achieve, if everyone is carrying their CHANEL classics at Costco and Target how exclusive can they really be?
It sounds awful but let’s be real
Sigh… so wealthy people can’t do normal things. I could afford 100 Chanel bags or more but yes, I also shop at Costco and Target. In fact, this is me want to buy a small bag just so I can take it to Costco. 🤣
Of course wealthy people can and should normal things but seriously, if you’re doing something so mundane and, gasp, basic as those 2 things and half the people at the store are wearing the same 8k bag that they told you at the store not everyone is given the chance to buy it, don’t you at the very least start to question the supposed exclusivity?
Right ! Since Covid my errands are the same as yours. I only use my old Gucci Shopper. Did not want to take one oft the expensive bags to a supermarket full of viruses. As we don’t go out often anymore, all my bags sit in my closet. Sad!
That is sad. Hire a sitter and go out and use those beautful bags that you probably worked hard for. Feel no shame. Covid is over, time to move on and live your life.
I just carry my card case now and put it in my pocket
Same here, and I am early 60’s. Simple errands, and a less lavish night life.
I think many of us have had life changes since COVID. I have sold a few new, never used bags. Hopefully someone does have a “life, and will use them. I still have plenty that just sit in their dustbag, in the box, on a shelf. Its beyond sad.
Sell them to me Linda. I don’t have any chanel bag and would love to buy 2 or 3. I love black or white with gold hardware.
Try to post an image again
May I ask what LV model that is in the photo? I always like bags with zipper for security reason. TIA.
That’s a Totally. It’s discontinued now. And there is an All-In that also can be zipped. I like that one as well and it is readily available.
Funny you should mention this, I went through that period as well. I re-discovered the LV canvas bags since becoming a mom. They are the quintessential mom-friendly stuff. Happy weekend everybody, here is a photo from yesteryear when my baby was in carrier 😅
I feel the same way. I used to wear my jumbo to the mall with my kids and now I feel like this bag and my other ones should be used only on special occasions and even then I feel like judgement will be passed more that I spend that money on bags instead house renovations, etc.
Why are so many worried about what others think? You must be young. That all goes away as you age and see how silly it is to worry about such things. People are going to judge you no matter what. Carry those bags proudly. You spend your money on whatever you desire and make no apologies. Life is too short.
Yes!! I was just talking to my friend about that – its feels sooo elitist– I also am embarrassed to carry mine as well — its just too much — I have lost respect for Chanel’s greed – I don’t want to belong to that club anymore — perhaps i will now purchase some of the seasonal pieces which can be alot of fun – but forget the classics– btw— have you noticed how many classics are being sold on the ‘pre-owned’ websites!! The market is flooded with them anyway!
Great sell them to me. If they are in excellent shape & the style I want, I will buy them all! I don’t care what people think. So they think I’ve done well for myself. I see nothing wrong with that. You’ve let people that either can’t afford them or full their own virtue get into your head. Life is too short to allow that.
You sound like a horribly shallow, vain person.
Oh yea? What about my carrying luxury bags( that I worked hard for) make me seem shallow and vain? Do tell.
Adjusted to inflation Chanel has long been as much as some people’s cars. The idea that it suddenly reflects elitism is laughable and dishonest. A leather purse sold for anything more than a few hundred dollars much less thousands has always been about elitism /implied brand status and brand identity. As much as I love Chanel there are no Chanel bags that are actually worth 2k or 6k in terms of quality so the idea that suddenly the bags are too much is silly. Just own that it’s more than you/others want to pay. Stop the virtue signaling and lying to ourselves that we spent thousands on one bag because of “quality”. Own it, wear your bags. Not wearing a Chanel bag is not going to create equality or the disparity between rich and poor. How you vote, who you elect, the organizations you’re part of, the community initiatives you’re part of will affect change…that’s if folks really care.
Exactly! Although, I’ve paid a few hundred for say a Coach bag, and it doesn’t compare to my CHANEL BAGS. It just doesn’t. I don’t think they are worth what they are charging now, however. I have them because I love them and I am in a position where I can have them. I came from nothing. I don’t have a college degree, but both of my kids do. I am at a point where I carry no debt, my kids have been educated and are doing well, my cars are paid off, I have a nice retirement and I travel where ever and whenever I want. I can’t take my money with me & my kids don’t need it, Nice bags make me happy. So I will own it and wear them every chance I get. Hate to turn this political but, I believe in Capitalism. I believe that if you work hard enough, you too can have what I have. So the people that judge, need to stop all of the judgment and get to work, so that they too, can have the things they want. Handouts and pitty isn’t going to save them either.
Totally agree. Nothing wrong to enjoy the fruits of your labor. You worked hard for it so buy the things that will make you happy.
Folks are buying them and selling at super-hiked prices to get $$$$$$$.
You’re right. At this point, it’s just plain ol’ greed on Chanel Corp’s part.
Let’s not forget that employees are now demanding crazy wages and benefits. That cost is passed onto the consumer. It used to be 60K plus medial benefits was good pay to work in a factory. Now folks think they should be makiing 100k plus medical benefits, 3 months maternity leave, 12 personal days etc…. Someone has to pay their wages and union fees.
true; smh; if I’m carrying a pricey purse i so want to have just as much money that’s tucked inside; seriously. So remember back a few decades ago; Chanel wasn’t as out of control price wise. but now, oh my!
lol a few decades ago? Everything was more affordable a few decades ago. Minimum wage was only $5 an hour and gas was 88 cents too. Like a poster wrote, we have ot pay for increased salaries and the inflation happening under this administration.
Disagree. I buy what I enjoy. I wear based on where I’m going (not the best neighborhood then it’s Coach, since it’s about safety). We are not promised tomorrow and if you knew your last day on earth was short, would you wear it more?
Otherwise why buy luxury if your not going to wear it?
When others have a problem with my Chanel. It is their problem not mine.
Highly insensitive comment. Obviously not at all in touch with reality or all the suffering going on in the world. Imagine everyone having this “it’s their problem not mine” attitude. SMH…..
Stop shaming people for living their lives and spending the money that they earned the way they wish to spend it! I grew up dirt poor raised by a single mother in Baltimore City. No one helped me and I came out just fine. Probably because no one pittied me. I was taught to work hard for the things I wanted. Guess what, it worked. People don’t want or need your pitty. Gia was merely saying that life is short. Enjoy it. Do what makes you happy. How do you know that she doesn’t donate to those in need too?
Is it insensitive for her to commit to wearing her bags regardless or is it virtue signaling performative to think that not wearing a certain bag actually makes things better. Most people (including certain keyboard warriors…) want to virtue signal and shame others meanwhile the actual work that lends to a more equatable and fair society is overlooked. A lot of people would rather “look” and “sound” like they care than actually do the work necessary to facilitate greater equality partly because some of that work points to the privilege that allows someone to sit at home and think that their choice of bag is what will make a difference to those struggling.
I think she’s looking for “equity” not “equality”
Many share this point of view, hence this insensitive new world order.
Insensitive bc people struggle?
i don’t live in a communist country nor do I ever want to. As the globalists say, “you will own nothing and like it.”
owning and wearing luxury has nothing to do with being sensitive to others. BC others are not in a position to buy Chanel means I have to dress down for them to make them comfortable???
That is why the rich have rich friends. So they are not having to accommodate someone who doesn’t wear the same items. I wear wear what I like according to the occasion and look my best. Looking my best is also out of respect to others. So you do you. As you say I’m so I sensitive, how much do you donate? Or volunteer or give food to the homeless begging on the street. Then sell your car and take the bus.
Gia, Kudos for you! Everyone should have the freedom to enjoy their own hard earn money. Am I the only one here want to know more about how you become so successful out of nothing then just focusing on bags?
What makes you think she just focuses on bags? I can tell you how to be successful. Work hard and make good choices!
I couldn’t have written it better myself!
Lisa…just curious if you have any of the high end bags? And if so why did you purchase them instead of donating to your charity of choice? Don’t hate on someone because their choice is not your choice…
I do, several actually. Just curious, why do you assume that I don’t do both? Do you believe that I should give all of my extra money away and have nothing? Not that it’s any of your business, I donate to veteran and animal charities all the time. NAVS, T2T, and Old friends senior dog sanctuary are a few of my monthly recipients. Get off your high horse. I’m hating on the judgement of others, not them personally. You are hating on me because you feel that I should be doing something different. Assuming that you know something about me from a post on a purse blog!
I feel you completely misunderstood her comment. She is going to carry what she enjoys and not stop because other people feel embarrassed to wear their Chanel bags.
Somebody got a bug…. I thought we are purse lovers discussing just that.
We were until people started passing judgment.
Most people work hard for their money and can spend it on what they enjoy. Obviously luxury brands are not for you and that’s ok. Are you this judgmental when someone passes you with a luxury car or expensive road bike? Live and let live. No one tells you what you should do with your money and neither should you.
Amen to your comment. I am amazed at the snarky comments and the condescending attitude.
so, agree; I just buy to have and when the time comes up to step out in my best, then I do so; and feel oh so good about it.
💯 agree! I buy luxury items for myself to enjoy.
exactly.
Couldn’t agree more. I now don’t use mine because I think maybe I will sell them down the line when I’m bored and the price will be better if they are pristine. Also thanks to Instagram I’m more drawn to no-logo options that are also thankfully more wallet friendly like Loewe etc.
so agree; a price of a down payment for a benz; just why dont they just stop it!
They aren’t going to; Please understand that; and a Benz is a 100gs now.
lol no you can get into a base model for 60K new, but honestly, who would want a C class?
I agree with you! I don’t feel right using my Chanel bags as much as i previously did.
Because you have allowed people to make you feel bad about it. If you bypassed healthcare for your children or pets to buy a bag for yourself, you shoul feel bad about it. Otherwise, don’t. Enjoy it.
Just carry mine when I’m out around elegant people and nice functions.
I carry my boy bags as every day bags. They’re not really that fancy. Come to think of it, my jumbo double flap and Coco top handles aren’t really all that fancy either. The two that I have with gold hardware feel a little fancier. I save those for special occasions, but those with silver hardware I carry almost every day.
Price increase or not, at this point Chanel designs are no longer something aesthecially I am interested in.
Taste do change though out life. I still love them. They will never go out of style for me. The classics will stay classics due to their design.
I agree with you as well. I can easily walk into and out of my local boutique carrying the best of the lot on my shoulder
😂
She maybe my last!
Omg! I’m so in love with this bag… can u please give me the name or year etc of this bag please?! Thanks
I agree. If I see one more classic flap on social media I’ll vomit. A once beautiful and classic bag has become so common thanks to twenty-something influencers. I’m so glad I purchased non-claasic Chanel bags. I will continue to enjoy the ones I have as cross the classic flap off my wish lisy.
Agreed the classic flapbags are a bore!
Thats true and you have point right there; I don’t follow nor care to have anything a 20 something year old have; be it how rich and popular they are with trillions of followers; I so care not. and glad I bought my Chanel hand bags over 20 plus years ago; and they still look fab!
Insane to pay Chanel prices…the consumer sets the market by continuing to purchase the bags.
Well, these companies do not need us! They have enough rich customers who pay the prices 🙁
There are a lot of consumers with loads of disposable income who don’t mind paying these prices.
True dat!
Agree…sadly. What about all the women how save money to one of these bags…I will never buy such an expensive bag anymore !!!
Exactly.
I have no problem paying the increased prices, but am always on the lookout for preloved Chanel!
quite evident and that’s why they keep going up!
Yes, I agree JB , but I have heard from several credible sources that leather is going to become more & more difficult to get over the next couple years ( shortage) So of course that will increase the prices dramatically☹️
In real always finding a excuse to go up!
Right. Every excuse is …” this or that gets more expensive”… you never know if it is true or only a chance to raise the price
The best leather at wholesale cost $10 square foot. Bags cost around $150 to make. That leaves plenty of room for profit.
Please stop comparing Chanel price increases to an abusive relationship. This is a high end luxury item that you can easily walk away from without psychological issues ,verbal abuse, bodily injuries.
Prices increase all the time. I don’t really see the need for these posts at this point. If I am ready to buy something, I ll worry about the price then. Otherwise, it’s meaningless.
Must say, your right.
oh vicky if only this blog was written just for you….
lol; Thats funny and true too.
If only the quality went up rather than just the price.
I should not have to inspect a bag at that price before I purchase it. I’ve turned down a couple of popular bags because of flaws. Even my SA agreed!
I have seen the flaws in more recent years too!
It’s about time to raise prices. Too many Chanel bags out there anyways. Make it more exclusive.
I agree totally
Sorry but its already exclusive; what are you talking about?
That horse has left the barn. As prices at Chanel increase it makes sense for people to save a bit more and buy better quality (than Chanel) Hermes bags. This is a boost for Hermes.
don’t even get started on Hermes bags……..
The most ungettable bag in the universe (unless you’re JLo). The Hermes SA are beyond snotty. At one point, I thought I might hunt down a Birkin Paris Vs dealing with the pretentious folks on 5th avenue. Finally, I decided NO bag is worth all this and suddenly the Birkin became completely unattractive to me.
Hermes is not the same look. You either like Chanel or you don’t. I own a couple birkins and they are BORING.
Chanel has a particular look and vibe. Hermes vibe is boring.
Then why do you own them? That’s a lot of cash to drop for a boring bag!
💯 agree with you. Different styles, design and clientele market.
Chanel is not hurting for customers so clearly they are good at running their business. And, lots of people prefer Chanel ‘s aesthetic to Hermès’. It’s all a matter of personal taste of course. Those two brands are not interchangeable.
I tend to agree this could be a boost to Hermès all things considered
That’s quite classist. I buy bags that I enjoy, not to be some elitist marker.
I agree! The ones complaining most likely cannot afford before the price increase.
True
Suuuuuuure. 😎
The fact that you buy them to differentiate yourself from ‘pleb’ doesn’t mean others do.
Yeah, people want to wear Chanel accessories covered in logo for their inner beauty and spiritual meaning. 🥸
No, it’s just a pretty elegant handbag. no way around it; be it with logo or not logo, just fine. and i get a special feeling when i carry my Chanel handbags.
Honestly, i have been considering a Chanel bag for my collection several years and i always feel lazy last moment before buying it. Now every time i open Social Media I am bombed with Hermes and Chanel bags unboxings etc. It has become a very vulgar brand for me. It lacks any exclusivity anymore. I see it as a way for NEW RICH to behave like sheep in a herd all buying the same stuff to feel they prove to the world they have money.
I am not interested anymore in Chanel as a bag lover. Much rather buy Loewe that has even better quality, a classic elegant vibe and less visible logos.
Loewe is literally every other post on IG nowadays but continue about exclusivity and class and elegance lol. People are funny. Half this thread is people saying they won’t continue wearing Chanel because they can’t wear something so expensive & elitist while others are struggling and the other half of the thread is ppl who find the brand to ubiquitous and common because “the others” are wearing it (basically it’s not elitist enough). LMAO
Right on!
Quality doesn’t justify these prices. Love them but it’s not the quality of Hermes.
Can someone calculate how much it would be in USD to purchase the small classic flap in Paris now? With the VAT refund?
https://blog.zekosauthentication.com/uprooting-the-end-of-an-era-7aeb83f0438
Read the article above for Chanel reasons for the steep hike. Boils down to two main reasons:
1. Maintain brand exclusivity with the steep prices so that only the ones who can afford will continue to buy.
2. Increase profit margin by selling fewer bags by charging higher selling price>
Chanel strategy is now to focus only on that segment of customer who aren’t price sensitive at all and will continue to buy despite price hikes . Never mind the potental fall in sales revenue from lesser buying from average Joe coz the increase in price hike will more than cover that fall in revenue from this ltter group of consumers. Also research shows that the super wealthy contribute around 40% of Chanel’s revenue.
I think there are more “average Joe’s” than super wealthy consumers. If Chanel wants to cater to the super wealthy maybe in time they will get bored of the brand and/or the high prices for inferior quality, which is becoming the norm.
I couldn’t afford chanel last week and I certainly can’t today. lol. Thats some crazy coin for a bag. I can always dream of owning a chanel but the day may never come. And i’m totally okay with that. Thankfully theres plenty of other bags from brands that aren’t so pricey with regular price increases.
I hear the same complain every time a luxury company raises their price. Yet people still buy them. It will be interesting to see where the tipping point is.
I suspect it will be reflected in a shift in the demographics of Chanel owners. There will unlikely be a shortage of demand, but the demand will come from a different assortment of consumers. Call it generational shift if you will. Maybe that is what Chanel aims to achieve, who knows.
More reason for me to use my current Chanel. Use it instead of letting it collect dust on your shelf. I use Chanel to go to Target, Costco, etc. As long as I’m in an area that’s not high crime, ghettos, etc. I’m wearing my Chanel. I bought it to wear it.
I live in the “Ghetto”, Harlem NY, according to many. Wear my Chanels wherever and when ever I want, with ease. Funny but its in “non-ghettos” where my bags seem to get the most attention. Frankly I feel more uncomfortable in these spaces. The non-stop comments, compliments though they may be, are too much. Best I pull out the Coach’s in these “hoods”.
Probably “overdue” by Chanel standards. The U.S. was not affected by the last one if I’m not mistaken.
The only thing luxury about this brand is the high cost associated with such. Taking into the account the lack of quality, treatment of employees, disregard for the long time client ( preferring the new younger client who is desperate for the logo), lack of transparency in producing and sourcing, I’m not sure why anyone wants to be associated with them any longer. It’s been a huge turnoff for most people I know.
I regret not buying a black caviar medium classic flap with gold hardware in 2017 for $4900, now there is no way I will ever buy one.
In 2013 I purchased a floral Medium Classic flap from 2010 on the pre-loved market for $1975, there was no tax because that was before the online sales tax business. Then in 2017 I bought a rectangular mini flap in iridescent turquoise in new condition also on the pre-loved market for $2600.
The only bag I have bought from the Chanel boutique was my Chanel 19 in 2021 and even that I thought was so ridiculously priced.
Curious if at some point this will negatively affect them. The recession is supposed to be coming and I have read that this time it might affect the rich more.
I liked Chanel years ago, until my daughter (and her friends) began calling them Forever 21 bags. If you’ve been in a Forever 21 over the years, you’ll see that they carry several Chanel knockoffs. Now every time I see a Chanel, I think of the cheap imitations worn by teens in the local mall.
It’s so funny to me how when Chanel has a price increase everyone rushes in comment. What’s strange is how the same comments are echoed over and over on every price increase. The quality is bad, I’m no longer buying, it’s for fools. This brand clearly stirs emotion and is an aspirational brand for many. I think the real issue is that people are upset they are being priced. Chanel doesn’t need to be affordable and clearly the everyday woman is not their target market. Just my opinion but I never see this many posts on PB except on Chanel.
prices will increase due to inflation
Yes but will they decrease in price when deflation hits?
just like homes in cali
It’s not just due to inflation. This company’s net profits are astronomical. Prices will continue to rise and rise and rise. As far as me? I’ll sit back, with the bags I purchased years prior, and watch the madness of ppl buying, at any price, and read posts where the debate continues.
Exactly. Your doing the right thing…….. and the thing is, it always going to be something new and pretty.
Inflation, but also demand is what I have experienced with most of my purchases over the last few years
Chanel is an very popular brand and increasing in prices is a must for them people who are willing to pay will get it on an over priced as well. Though I like it how chanel keeps there collection classy and chique.
I do too.
So sorry I sold so many of my Chanel Classic bags years ago, I had them in black, navy, burgundy, dark green, but saved one that I’ve never used, a size medium in black fabric. I remember buying all those bags for $1250 each. Obviously many years ago! I think it’s time to dig out this vintage beauty and start using her!
Years ago I saw a hunter green reissue at Heathrow Airport. It was something like £3000 maybe I can’t remember. I thought it was frivolous to buy stuff just passing by an airport boutique and on impulse. So I walked away. Oh how I miss that beautiful green bag!
One more point: for any brand wanting to achieve the “classic/exclusive” status, what are they doing flooding the internet with all the influencers of questionable tastes and what have you trotting about with their products? THAT is the ultimate wrong image.
Chanel seems almost tacky and “new money” now. So sad how that have shifted in the last few years with all the influencers bying Chanel and people that wants to show of.
I would still buy the bags if they were actually worth it. I rather save that money for exotic bags (sorry I know) or Hermes or a limited edition bag from any of the other brands. It’s really not worth it. Besides aside from the boy bag, classic jumbo , a few other season pieaces,while Karl was alive and old shopper tote I have yet to see a chanel bag design I want to add to my collection. I still buy their clothes though even with the price increase as it’s hard finding substitutes for them.
It’s pure greed and arrogance. My Chanels are from the Lagerfeld years and the small flap bag I own now sells for $2900 on RealReal! It’s obscene, I didn’t pay nearly that much when I bought mine 6 years ago.
As a few others have mentioned, they flood the market with the influencers, but at the same time want to be exclusive? Sounds conflicting to me.
That said, I was going to buy a Chanel February of 2020 even set foot into the doorway of the Chanel store, in Palm Beach. Then thought, I would wait until fall. COVID hit two weeks later, and I never did buy my bag. Oh well. My life went on, and all is fine.
I guess the upside is you can buy Chanel. Try buying a new Rolex! You go on a long waitlist and from what I understand, you better be a very good customer in order to “get the call” when the store does get a shipment of Rolex’s. Rolex is going exclusive by not making as many watches, and certainly not flooding the influencer market, nor doing crazy price increases.
I think there are many ways to become more exclusive, and not sure Chanel is doing it the correct way, but who am I to judge?
I’ve never been happier to already own my dream Chanel bag, lol. I bought it 7 years ago and paid HALF of what it’s selling for right now!
I have EIGHT Chanel bags. Two are classic, two are Caviar. My very first Chanel bag was purchased in 2009. I paid $2800 red caviar classic bag which at the time was also absurd. My last mini embellished black flap bag cost $7k. While I’m not embarrassed about paying absorbant prices, I have had issues with unreparable bags. Particularly my silver metallic top handle. The metallic was scratched day two and not repairable. The classic red caviar bag is ripped on the inside and also unreparable because I would lose the logo/stamp. I absolutely refuse to spend this kind of money and receive no guarantee on repairs. My last CC bag will be a white flapbag then I’m DONE!
Years ago, I paid $3600.00 for my first Chanel classic and I thought the price was absurd. Then, only a few years ago my hubby bought me a Maxi Flap for $6K. With the recent price increases it is now $11,500! However, if I was to sell I would only get what the market would bear and I don’t think that would be $11,500.
But why are you expecting to get the current price for your preloved bag? You should be aiming to make a little over the price you paid.
I resell some of my Chanel stuff. Right now the economy is terrible but it is possible to recover your investment++++ it does depend upon the color and would require some patience but you would be surprised.
Ok I see how my comment spurred quite a discussion… Now I have another musing: Chanel Classics nowadays are a bit awkward to use – (my own feeling) – too tone-deaf for running around town; too bland/commonplace for social events – so I tried on Chanel 19 last week. I think it is the vibe Chanel always signaled to me. I like how playful and functional it is. And the tweed is my weakness! Well…now it is a toss for me between Dior D-Joy and Chanel 19. Mirror mirror on the wall, which bag should I go for?
I own several Chanel bags 5 classics, 3 boy, 5 seasonal. And they are all just gathering dust. I don’t wear them as much to be honest. I hated the Deauville that I bought because of the big tacky Chanel logo. I don’t even remember why I bought it.
Sounds like a down vote on Chanel 19… Thanks for chiming in!
A fool and their money are soon parted!
This increase actually made me LOL! I live in Sydney and the price of the basic flap is now 15-16k here. There comes a point at which this is just gross and frankly vulgar. Surely 10k of that money is better used on something like an experience or even to help someone in need. And as for the wealthy that are purchasing this…I know a lot of extremely well off people and they don’t subscribe to mass consumption in the way that Instagram suggests. Often money is spent on beautiful homes, holidays and business ventures and many use items they have had for decades. For reference look at prince Charles and Camilla/royals – huge privilege and resuse (Camilla is often seen with a coco handle). I think we can all agree that as handbag enthusiast we spend money on brands where most of the purchase price is the association, name, quality but this is just plain silly though I am waiting to see how this pans out. How many will take out their wallet to desperately pay for a classic flap when the price set by these greedy idiots is 30k??
Unpopular opinion: Chanel bags are ugly, uptight, and look like they’re for an old lady. They went out of control popular with the Instagram influencer era but now they look basic and like you’re trying way too hard. They are also a pain in the ass to open & close.
I agree, but I am also partial to Hermes. I love the coolness of my slouchy Birkins. I went to the Chanel boutique and considered a classic flap, but once I put it on I hated the chain on my shoulder and felt the bag aged me. Maybe because I still think of my grandmother in the 1980’s with her Chanel and it conjures old lady memories. 🤷🏻♀️🤣
This is exactly what I’m talking about! The chain is uncomfortable and I too think of my grandmother in the 80s. A Chanel bag ages a woman and it’s a boner killer (lol!)
I would rather buy other brands’ bags than Chanel. There are tons of luxury bags below that price point (YSL, LV, GUCCI, PRADA, BV, FLP, GOYARD, etc.). Quality on Chanel bag is a total NIGHTMARE! But YOUR MONEY, YOUR BAG! go get it
These debates/ personal attacks/ judgements of others just show how polarized we have became. We came to this post because we are either Chanel handbag owners or curious about Chanel. Yet, our degree of interest or choices of how and when to use the bag are being judged as a reflection of our our whole self. This makes the world a pretty scary place where you can’t express their thoughts freely about your bag without being judge in a purseblog where everyone has a common interest, purses/ handbags. I grew up learning that there is a time and place for everything.