In another unsurprising move in the world of designer retail, Chanel will globally raise the prices on the Chanel Classic Flap bag tomorrow, March 3, 2022. As you surely remember, Chanel’s previous price hike on January 13, 2022, included the Chanel Coco Handle, Business Affinity, and more. And while last time everyone breathed a sigh of relief knowing the Classic Flap and the 19 were spared, this time the Chanel Classic Flap bag is the target of the raise (and maybe the WOC and the 19 too).

While we’re still waiting on exact details, we there are rumors that the price increase will be somewhere between 5% - 6.5% for the classics, which adds up to about $500 per bag, and there may be more added to the list too. And since Chanel’s is aiming for global price harmonization, increases will happen around the world.

As of now, this is what we’re hearing:

IS CHANEL WORTH IT?

This price increase may leave consumers scratching their heads, wondering if Chanel bags are even worth it anymore. The answer to that question may be personal based on budget, level of obsession, the shopper’s location, their social circles, and more, but as resellers we know Chanel, as one of the world’s oldest and most sought-after luxury brands, will always be worth the price. Now if they raise the prices up to $15,000 per Jumbo Classic Flap bag, we might need to talk.

Many aficionados claim the quality of Chanel bags has decreased drastically since the early 2000s, and we can see why this may be true and cause shoppers to consider vintage Chanel. Some vintage Chanel bags were made of even better-quality materials than today, with real 24K gold hardware on many bags produced before 2008. Nowadays it’s just gold-tone hardware. Plus, sometimes the stitching is uneven, the lambskin is dented, and the flimsiness of the materials can cause it to lose shape much more quickly. Meanwhile, the newer bags aren’t quite as structured (especially if you’re considering the Chanel 19) and the silhouette isn’t as upright as older bags, but that won’t stop the Chanel obsessed from snatching up even more of their beloved bags.

After all, since the pandemic occurred, the price of a Chanel Classic Flap bag has increased about 50% a piece and they’re showing no signs of slowing down. So, you better stock up now before prices rise again!

LEPRIX WHOLESALE

Meet LePrix Wholesale, the most trusted and largest online platform to source authentic, pre-owned luxury. With LePrix Wholesale at your service, you have immediate access to all the bestselling designer pieces for your resale business.

You’ll never again have to spend countless hours searching for the hottest Louis Vuitton pochette or the classic Chanel bag at a healthy margin. Or stress over currency conversions, the customs and shipping process, or the authenticity of your purchases. Every item on LePrix Wholesale is inspected and authenticated multiple times. You can easily add a Certificate of Authenticity with your order.

On our wholesale platform, every item comes with a description, condition, and letter grade for top brands. By leveraging deep data analytics and AI, our platform also shows you a suggested minimum resale price and estimated profit margin for top pre-owned brands like Chanel, Hermès and Dior. Every item is LePrix-vetted and inspected so you and your customers can rest assured knowing that each purchase is authentic.

If you’re a business, you may qualify for exclusive access to authentic, pre-owned designer bags, jewelry, and accessories at wholesale prices. Find out more here.

ABOUT LEPRIX

LePrix means “the price” and “the prize” in French, which captures the spirit of the hunt for pre-owned luxury. The thrill of the hunt sparked the launch of the world’s largest marketplace enabling access to shop over 600 designer consignment boutiques online. While working with hundreds of the world’s best consignment boutiques, we discovered that our store partners were wasting a lot of time and energy sourcing inventory to grow their businesses. They needed a convenient way to source more top-selling products like Louis Vuitton, Chanel, Gucci, etc. from other trusted resale businesses. And that is how LePrix Wholesale was born.

In 2018, LePrix launched LePrix Wholesale, which is the only marketplace in the U.S. unlocking access to pre-owned, pre-authenticated luxury from the world’s most trusted suppliers at deeply discounted prices. Our team of experts carefully select suppliers, curate the most desirable inventory and inspect your orders before shipment. You will be assigned a dedicated account manager to help you optimize your wholesale buying experience. We believe in empowering businesses like yours with the right tools (access to top sellers, inventory you need, or valuable resources) and support to help you grow your business.

*LePrix is not affiliated with any brands in any manner. All items are LePrix Vetted and Approved: LePrix’s team of specialists inspect every item before it’s listed and sold on LePrix Wholesale.