New Chanel Price Increase July 2021
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.
Chanel Bag Model
Rectangle mini bag
Classic flap small
Classic flap medium
Classic flap jumbo