Higher Hermès Bag Prices in 2025: What You Need to Know
Hermès raises prices for its most popular bags to kick off 2025.
What you need to know about higher Hermès bag prices in 2025.
How much is an Hermès Bag
Hermès is ringing in the new year with higher prices for its most popular bags. Price increases in the US were higher than Europe for the most popular Birkin and Kelly bags. On average leather Birkin and Kelly bag prices are now 6-7% higher in 2025 versus 2024. The most popular Constance 18 in Epsom leather price was unchanged in 2024 vs 2023 but is now is priced 8% higher in the US at $9,700. Prices in Europe are now around 4% higher for most bags. Interestingly the least expensive Hermès bag, the Mini Evelyne 16 in Clemance leather had the largest year over year price increase in Europe. The Evelyne 16 price increased 8.4% to 1,800 Euro from 2024. The other Hermès bag to get a more material price increase in 2025 is the Matte Alligator Mini Kelly, now 30,000 Euro, up 7.5% from 2024. This compares to Sotheby's auction sale price of around $54,000 to $66,000 for a Matte Alligator Mini Kelly in 2024.
2025 Birkin Prices
Hermès raised the prices for its most popular Birkin 25 and Birkin 30 in Togo leather. In the US, the Birkin 25 in Togo leather is now $12,100, up 6% from 2024 and up 29% from 2016. In Europe the Birkin 25 in Togo is now 8,950 Euro, up 4% from 2024 and up 52% from 2016.
The Birkin 30 in Togo is now $13,300, up 6% from 2024 and up 22% from 2016 in the US. The Birkin 30 in Togo leather is now 9,800 Euro, up 4% from 2024 and up 40% from 2016. Annual price increases appears to be the new normal since 2022. Given the popularity and demand for Birkin bags, we think it is reasonable to expect Hermès to continue raising prices annually.
2025 Kelly Bag Prices
The most popular Hermès Kelly bags will cost more in 2025 in US and Europe. The Mini Kelly 20 in Epsom leather is now 10,000, up 6% from 2024 and up 18 since 2022. In Europe the same Mini Kelly 20 in Epsom leather is now 7,450 Euro, up 4% from 2024.
The Hermès Kelly 25 in Togo Retourne is now $12,000, up 6% from 2024 and 28% since 2019. The Kelly 25 in Epsom Sellier is now $12,600, up almost 7% versus 2024. The Kelly 25 in Togo Retourne is now 8,950 Euro, up 4% in Europe from 2024. We anticipate annual price increases for the most popular Kelly bags given market demand.
Secondary Market Hermès Bag Prices
Secondary market prices for most popular Hermès bags in pristine condition sell at premium to the boutique price. While retail price increases impact secondary market prices, the high premium for Birkin and Kelly bags has generally resulted in stable secondary market prices the last 2-3 years. The softness in the global luxury market in 2024 also impacted secondary market prices, especially at auction.
The price for a pristine Togo leather Birkin 25 or Birkin 30 has remained around $28,000-$30,000 at Sotheby's marketplace. The secondary market premium for the Hermès Birkin 25 or Birkin 30 remains at over 2x the boutique price, even at the new higher prices. We don't anticipate the premium to increase materially, but if Hermès continues to increase prices annually year and the store price for a Birkin 30 or Birkin 25 reaches closer to $20,000, we would anticipate resale prices will also increase at similar levels. While demand for the Birkin continues to exceed supply at retail stores, it remains unclear if the 2x secondary market will remain in the long term. While we don't see another luxury bag brand competing directly with Hermès when it comes to secondary market price premium, it remains unclear if Birkins will continue to sell at over 2x the original retail price.
Leather Hermès Mini Kelly prices have remained unchanged between $33,000 - $28,000. A store fresh current date stamp Hermès Kelly Pochette in a popular neutral or new pastal color is also selling for around $30,000 or over 4.5x the boutique price. The Mini Kelly premium over retail remains the second highest after the Kelly Pochette at around 3x for a leather pristine bag with a recent date stamp. The most popular Hermès mini Kelly bags in leather are still selling for about 3x retail, even with the recent price increases. Pristine leather Hermès Kelly 25 and Kelly 28 bags have remained around $30,000- $26,000, around a 2.5x the original boutique price, similar to the leather Birkin premium.
Buying and Selling Hermès Bags at Sotheby's
Sotheby's always has a curated selection of the top Hermès bags available for immediate shipping. Sotheby's also sells Hermès bags at auction in New York, Paris, Zurich and Hong Kong. Expect to find rare and collectible Birkin and Kelly bags in every sale in addition to other popular Hermès bags in pristine condition in the newest colors and classic neutrals. Sotheby's handbag sales include rare and limited edition Hermès bags in exotic materials, custom color combinations and even diamond hardware. Prices for Hermès bags range from $3,000 to $5,000 at the low end for the Herbag, Garden Party and Evelyne TPM. Prices for the most sought after Birkin and Kelly bags start at around $20,000 and can exceed $100,000 for the rarest and most desirable limited edition Birkin or Kelly bags.
- Browse Hermès bags available for immediate shipping.
- 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 an Hermès Kelly bag or submit your item here for valuation.
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