New Chanel 2021 Prices In Europe - July 2021

New Chanel Price Increase July 2021

See Chart Below For New 2021 Chanel Prices after July 1st 

It's no surprise that Chanel, Hermes and Louis Vuitton increase their prices every year. Still, even the most enthusiastic Chanel collector is bound to get a shock when prices are increased by as much as 14.5% 

The most shocking fact is that Chanel increased prices in 2021 not once, but twice. Supply is at an all time low and demand is through the roof. While Chanel annual revenues fell 18% in 2020 due to the pandemic it's clear they are making a STRONG recovery. 

According to the Financial Times Chanel bag values have risen in value by more than 230% in 12 years. One thing is for sure, prices are only going one way, which means the resale market and the pre-loved market for Chanel bags is booming. And it's not just Chanel prices that are making a sharp comeback. 

Hermès has also yet again proven that it can weather the COVID-19 pandemic better than its closest rivals, with the French luxury goods purveyor generating 2.08 billion euros ($2.50 billion) in sales – a 44 % increase compared to 2020. The only way is up, it seems. Clearly, buying pre loved is a good bet when it comes to Chanel. To view our Chanel items click  here.

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CHANEL PRICE INCREASE JULY 2021 IRELAND EUROPE NEW CHANEL PRICES

 

 

Chanel Bag Model

Jan '21

 Jul '21

 Increase %

Rectangle mini bag

€3,500

€3,800

8.5%

Classic flap small

€5,500

€6,300

14.5%

Classic flap medium

€6,060

€6,850

13%

Classic flap jumbo

€6,600

€7,400

12%