Hermes Steeple Canvas Horse Tote, $2700 via Hermes (for now)

Hold on to your horses, folks. Or at least hold on to your Hermes Steeple Canvas Horse Totes – prices for the most expensive handbags in the world are about to get even higher.

We’re hearing from multiple people, including Mizhattan and Jim Shi’s Twitter account, that prices brand-wide are about to rise 9% at Hermes. There’s some conflicting information over when exactly that will happen – some say the end of January, some say January 24th specifically, some say early February – but whenever it happens, it’s soon. If you’ve been waffling on whether or not you should make a purchase, it’s decision time.

Hermes cites the need for the increase as the ever-rising cost of raw materials, specifically silk and crocodile. While it may be factually true that those things are more expensive than they were a year ago, it would be just as factually correct for Hermes to say, “Why are we raising prices? Well, duh, because we can.” The Hermes customer is not a woman who can be accurately called “price-sensitive” in the first place, and even though everyone grumbles about increases, it never seems to stop Hermes bags from flying off of shelves. Get to shopping, ladies – it’ll be a lot more expensive in a couple of weeks.

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