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Industry + Insights The Latest The Guide / January 14, 2021 / Mary Zubritsky
Updated: Chanel Just Increased Their Prices Again

Hot on the designer heels of Louis Vuitton’s price increase, there’s a rumor going around the fashion world that Chanel will be bumping up their prices too. I know what you’re thinking…but they JUST raised their prices in May and November, and we’re still in the midst of a pandemic!

So, what’s the deal with this increase? Allegedly the prices are rising on January 15, 2021…as in tomorrow. Rumor has it the Chanel Classic Flap, Boy Bag and Reissue prices are increasing between $200-$400 each—and the beloved minis and WOCs are included as well. No word yet on 2020's hottest Chanel Bag, the Chanel 19, but judging by the supply and demand, I'd expect a rise there too. 

UPDATE

Turns out the Chanel price increase wasn't just a rumor...it did occur on January 15th and now your most-wanted carryall will cost you even more. We've listed the previous and current prices below. 

CHANEL CLASSIC FLAP BAG

    2021 Price         2020 Price
Classic Mini Rectangular   $4,000$3,800
Classic Mini Square Flap    $3,800$3,600
Classic Small Flap Bag   $6,200$5,800
Classic Medium Flap Bag   $6,800$6,500
Classic Jumbo Flap Bag   $7,400$7,100
Classic Maxi Flap Bag   $8,000$7,700


CHANEL REISSUE 2.55

2021 Price  2020 Price
Reissue 224 Bag   $6,200$5,800
Reissue 225 Bag   $6,800$6,500
Reissue 226 Bag   $7,400$7,100
Reissue 227 Bag   $8,000$7,700


CHANEL BOY BAG

2021 Price     2020 Price
 Small Boy Bag   $4,900$4,600
Medium Boy Bag   $5,300$5,000
New Medium Boy    $5,600$5,500


CHANEL 19

2021 Price    2020 Price
Chanel 19 Small Bag   $5,100$4,800
Chanel 19 Large Bag   $5,600$5,300
Chanel 19 Maxi Bag   $6,200$5,800




If you’d like to pay 2020 prices, I’d suggest you hop on LePrix right now and scoop up all the Chanel you can find before prices increase AGAIN. Otherwise contact your local boutique and put that Chanel 19 Bag on hold, or just get it here.

Shop Authentic, Used Designer Handbags & Purses | LePrix
Chanel 19 Quilted Leather Shoulder Bag

My sources tell me this increase was timed to coincide with the launch of their Spring/Summer 2021 collection which should hit the stores towards the end of February. While we don't have a reason yet as to why this increase is happening, one of the excuses we were given last year was to equalize the prices of Chanel products across the globe. Translation: there's no longer an advantage to buying a Chanel bag in India, Australia or even Paris...the prices will be the same across the board, wherever you go. Oh, and this is also to make up for lost margins due to coronavirus. 

SHOP CHANEL BAGS @ LEPRIX

I feel your pain...shopaholics like myself just can't catch a break in 2020. Oh, wait it's 2021. Well, luckily for us, designer resale is ALWAYS the best option—and sometimes retail therapy can be cheaper than actual therapy. 

Let's go shopping! 

Shop Authentic, Used Designer Handbags & Purses | LePrix
Chanel Coco Top Handle Bag
Shop Authentic, Used Designer Handbags & Purses | LePrix
Chanel Mademoiselle Classic Flap Bag
Shop Authentic, Used Designer Handbags & Purses | LePrix
Chanel 19 Sequins Flap Bag
Shop Authentic, Used Designer Handbags & Purses | LePrix
Chanel Chevron Caviar Boy Bag



Shop Authentic, Used Designer Handbags & Purses | LePrix
Chanel Deauville Studded Caviar Leather Tote
Shop Authentic, Used Designer Handbags & Purses | LePrix
Chanel 2.55 Reissue Chevron Crinkled Calfskin Bag
Shop Authentic, Used Designer Handbags & Purses | LePrix
Chanel Ombre Quilted Calfskin Jumbo Flap Bag
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