Chanel Wallet on Chain "WOC", A Must-Have For Collectors Since 1997
Read on to discover more about Chanel's iconic and timeless Wallet on Chain bag.
History of the Chanel Wallet on Chain
Launched in 1997, the Chanel Wallet on Chain (WOC), quickly became one of the most iconic Chanel bags ever crafted. Effortlessly stylish, simple and chic, the Chanel WOC is a miniature classic, perfectly suited for any woman on the go. With 6 card slots, multiple zipped pockets, and an open compartment in the middle, the Chanel Wallet on Chain is the most compact yet efficient bag of its kind. The most notably versatile feature of the Chanel WOC is the 24-inch chain strap, enhancing the bag’s wear for any occasion. As such, it can be worn over the shoulder, as a crossbody, or even as a clutch/wallet with the strap tucked in. Functional, fashionable and more affordable than other classic Chanel bags, the Chanel WOC is tremendously popular on the resale market.
Due to its high demand and desirability, the Chanel Wallet on Chain is offered nearly every season and in a range of styles. The most notable variations of the Chanel WOC include the Classic Flap, the Half Moon, the 2.55, the Boy, the Trendy CC, the seasonal Mademoiselle, and the Chanel 19 (the most recent iteration). Notably, in 2019, Chanel made a subtle improvement to the Wallet on Chain. By replacing the snap button closure with a magnetic one, the Chanel WOC became even more dependable and secure. Yet, some exceptions to this change still apply, particularly with the 2.55 and other seasonal WOC variations that sport the CC and Mademoiselle turn locks.
Chanel Wallet on Chain Price
Along with other other Classic Chanel styles the retail price of the Chanel Wallet on Chain has increased regularly since 2017. Classic Chanel Wallet on Chain is now $3,350, up 60% from $2,100 in 2017. The Chanel Wallet on Chain Boy is now $3,425, up 43% from $2,400 in 2017. Prices for the Chanel WOC on secondary markets like Sotheby's range based on condition and style. A pristine Black Caviar Chanel Wallet on Chain sells for between $4,500-$5,000 due to strong demand and lack of availability in Chanel Boutiques. The Chanel WOC is a very popular style at Sotheby's and sells quickly. Sotheby’s offers some of the most sought-after Chanel WOC bags, as featured below.
Classic Chanel Wallet on Chain
Strikingly similar to the Chanel Classic Flap, but at a much more attainable price point, the Classic Chanel WOC is a timeless staple. While caviar leather has historically been most popular, in recent years Chanel has begun to focus more on lambskin.
2.55 Reissue Chanel WOC
Created by Gabrielle “Coco” Chanel in 1955, the 2.55 Flap Bag signified fashion liberation. Radical and revelatory, the Chanel 2.55 was the first bag made for women to come with a shoulder strap, freeing them from the constraints of the impractical clutch. The 2.55 Flap would become the Chanel bag that changed it all, solidified in fashion history as a timeless icon. Considering its rich historical lineage, there is nothing more exciting for a Chanel vintage hunter to encounter than a 2.55 Reissue. These ‘reissue’ handbags were first launched in February 2005, as a reintroduction of the 2.55 Flap on its 50th anniversary. Recognized for its leather quilting, leather woven strap, back pocket, and Mademoiselle Lock, the Chanel Reissue 2.55 Chanel WOC is always in high demand.
Boy Chanel Wallet on Chain
Debuted in 2011 in Chanel’s Fall/Winter collection, the Chanel Boy Bag struck a chord among lovers of Chanel handbags and romantics alike, cementing a place as a mainstay in Chanel’s collection. With the Boy Bag, Chanel offers a more masculine edge, as inspired by Coco Chanel’s greatest love, Arthur “Boy” Capel. Characterized by its lego-brick lock and main body framed by straight edges, the Chanel Boy Bag is admired for its versatile silhouette and unique, unexpected variations each season. Among these exciting iterations is the Boy Chanel Wallet on Chain, which features the classic Chanel WOC features with distinct Chanel Boy Bag qualities.
Chanel 19 Wallet on Chain
Recognized for its trio of chains, metal handle and soft lines, the Chanel 19 is a modern tribute to the classic 2.55 bag. Unveiled in March 2019 for the Fall/Winter 2019 collection, the Chanel 19 would be solidified in history as the last major handbag designed by Karl Lagerfeld, before his fateful passing. The gold chain handle and exaggerated diamond quilting enhance the Chanel 19’s casual, chic style, and these features extend naturally to the petite and versatile Chanel 19 Wallet on Chain.
Advantages to Buying Chanel Bags on the Secondary Market
1. Access
Sotheby’s provides exclusive access to a curated selection of Chanel bags from its long established global network of sellers. As a leading marketplace, Sotheby's offers pristine Chanel bags in the most coveted colors and sizes, as well as Limited Edition Chanel pieces. Our handbag specialists are dedicated to sourcing the most desirable Chanel bags from collectors around the world.
2. Flexibility
Sotheby’s offers multiple ways to purchase Chanel bags, including online and in person at our locations in New York, Hong Kong, Zurich, Paris, and London. We also provide a concierge service to help source specific Chanel bags not available online.
3. Value
While Chanel bags in pristine condition often command a premium over retail, Sotheby’s offers a curated selection of these bags in a variety of the most sought-after colors and sizes through our marketplace. By shopping with Sotheby’s, you can purchase a store-fresh Chanel bag without the need to visit a physical store. While Chanel boutiques offer these coveted designs, their inventory is often limited, making it challenging to find a specific color, style, or size. Many buyers turn to Sotheby’s not only to discover the exact Chanel bag they’re seeking but also to avoid the lengthy wait and uncertainty associated with boutique availability. While we always recommend building a relationship with a Chanel Sales Associate, Sotheby’s can save you valuable time and streamline your Chanel acquisition process.
4. Discovery
One of the greatest advantages of shopping in a global luxury marketplace is the chance to discover unique, one-of-a-kind Chanel pieces and rare, limited-edition bags no longer available at Chanel boutiques. Our curated selection of Chanel bags is continuously refreshed, ensuring that you’ll always find something new and exclusive.
Buy and Sell Chanel Bags at Sotheby's
Sotheby's always has a curated selection of the top Chanel bags available for immediate purchase. Shop Chanel Classic flap bags, the popular Chanel wallet on chain and the newest Chanel 19 and Chanel 22 bags. Browse vintage Chanel bags, discontinued exotic Chanel flaps and iconic Chanel Vanity. Expect to find pristine and excellent condition bags in lambskin, caviar and more.
Prices for Chanel bags start at around $2,000 for a Vintage Vanity or Cardholder on a Chain. Chanel Single Flaps start at $3,000 and the most popular Chanel Medium Double Flap ranges from $7,000 to $10,000. Prices for the most sought-after limited-edition and rare Chanel pieces range from $15,000 to $30,000.
- Explore upcoming handbag auctions in New York, London, Switzerland, Paris, and Hong Kong.
- Speak to a Salon Associate in New York, Zurich, London, Paris, or Hong Kong to schedule an appointment.
- Contact a Handbag Specialist about selling a Chanel bag.
Trust our worldwide network of leading handbag specialists from a globally renowned auction house established in 1744.
