Chanel bag appraisal | Expert valuation in 48 hours (2024)

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Chanel bag

Do you own any Chanel bag? Are you curious to know what they are worth? Our Experts can provide an appraisal to give you an estimate of the market price, then help you to ensure the best possible price should you decide to sell.

Chanel, sensational milliner

Gabrielle Chasnel was born in the summer of 1883, to an itinerant merchant father and a seamstress mother (an unmarried union). She sadly lost her mother at the age of twelve.

Upon the initiative of her father, who she nevertheless boundlessly adored, the young girl was placed with her two sisters in an orphanage in the Nouvelle-Aquitaine region of western France.

This life in the orphanage, regulated by rigour and austere hours, led Chasnel to devote herself to sewing. This place also had an unequivocal influence on the later conception of her style, from which she drew the pure lines and neutral colours of her collections.

Gabrielle Chasnel became Coco Chanel before 1910, the year the designer opened her first boutique on rue Cambon in Paris thanks to the financial support of her lover, the polo player Boy Capel.

The iconic Chanel bag

Along the lines of her fashion creations launched around 1915, offering cuts combining simplicity and practicality, women’s suits, post-World War II tweed suits, perfume lines in the 1930s and leather goods accessories, notably Chanel bags, were developed in the 1950s.

Chanel has been interested in bag design since the early 1920s, before her first model was presented in 1929.

Chanel bags were a success from the very beginning, so the designer rethought her design in different formats. Thus the 2.55, a model that can be worn as a shoulder strap, made in lamb leather variations for everyday use, with a more satiny or silky texture in its more elegant version, was marketed as early as 1955.

In her quest for a practical, unobtrusive design, Chanel took inspiration from military ammunition storage bags. The inside of her bag has multiple pockets for personal documents and make-up accessories for elegant women.

This classic of the new Chanel style has been copied many times. The bag can be recognised by its chain shoulder strap, making it easy to carry and freeing the arm. It complements the most classic and trendy outfits.

The successful model is enriched by the clasp composed of the two intertwined letters CC, which can be traced back to the work of German couturier and stylist Karl Lagerfeld in 1983 when he became artistic director of the Chanel house.

In 2007, the designer launched an exclusive thirteen-piece Diamond Forever made up of the famous alligator-lined white gold chain.

Chanel: copied, never equalled

A success right from its launch, this iconic Chanel bag has accompanied the outfits of the world’s most famous personalities from the very beginning. A true It bag, the Timeless model is considered to be a cult piece by the world press.

Nowadays, Chanel bags circulating on the second-hand market come at very good resale prices.

How do we appraise your Chanel bag?

Requesting an online appraisal of your luxury bag is simple. You just need to complete our appraisal form with a brief description and some photos. This information will be sent directly to one of our Chanel experts who will provide you with a price range and sales advice.

Chanel bag appraisal | Expert valuation in 48 hours (1)

A team of experts and auctioneers

If you own a Chanel bag, use our online form for an appraisal.

You will then be contacted by a member of our team of experts and auctioneers to give you an independent opinion of the market price. Should you wish to sell your bag, our specialists will also advise you on the various options available for selling at the best price.

Get an online appraisal >

Chanel bag appraisal | Expert valuation in 48 hours (2024)

FAQs

How do I find out how much my Chanel bag is worth? ›

It will depend on which model it is, how old the bag is and—crucially—what condition the bag is in. The best way to ascertain the resale price of your Chanel bag is to consult the luxury experts.

How to get a Chanel bag valued? ›

Requesting an online appraisal of your luxury bag is simple. You just need to complete our appraisal form with a brief description and some photos. This information will be sent directly to one of our Chanel experts who will provide you with a price range and sales advice.

Which Chanel bag holds its value best? ›

Chanel Classic Flap Bag

Chanel's iconic Classic Flap bag consistently appreciates in value. The small Flap bag is the best investment, even more so than the mini.

Does Chanel appreciate in value? ›

Some luxury goods retain their value relatively well in the market, and may even appreciate in value. Chanel is a highly sought-after luxury brand, and some of its classic styles may retain high market values in the future.

How do I check my Chanel bag code? ›

Serial Numbers. The first thing to look at is the authenticity code, which all genuine bags come with. For example, codes on a Chanel Classic 2.55 will be in the front left corner of the bag, and should always match the serial number inside the bag.

Where should I sell my Chanel bag? ›

Sotheby's is the premier global destination for Modern & Vintage Chanel Bags and Chanel Jewelry. We also accept select Chanel Couture and Chanel Haute Couture for consignment. We make it simple to sell your Chanel bag since we offer free estimates and market your items to our global buyers in 85 countries.

What is Chanel pricing strategy? ›

By positioning its products at increasingly premium price points, Chanel not only reinforces its brand equity but also cultivates a sense of exclusivity that resonates deeply with its target demographic. Yet, I believe there's a possibility that this strategy could yield unintended consequences, and here's why.

Does Chanel bag depreciate? ›

Do they appreciate in value over time? Chanel handbags are often considered a good investment due to their reputation for timeless design, craftsmanship, and exclusivity. Many Chanel bags, particularly limited editions or those with iconic features like the Classic Flap Bag, have seen price increases over time.

Does Chanel give certificate of authenticity? ›

Unfortunately, Chanel cannot provide the public with detailed information on how to identify genuine Chanel products as this information could be used by the counterfeiters. However, the main rule of thumb, again, is that if the deal looks too good to be true, then you are probably being sold a counterfeit.

What brand is higher than Chanel? ›

Gucci and Louis Vuitton are the most popular luxury fashion brand in the United States, followed by Chanel and Dior.

Are older Chanel bags better? ›

In conclusion, older Chanel bags hold a special place in the world of fashion. Their timeless designs, quality craftsmanship, and rarity make them highly desirable amongst collectors and fashion enthusiasts alike.

Is Chanel worth more than Hermes? ›

Since 2019, when Virginie Viard took over as creative director after the passing of Karl Lagerfeld, Chanel was 1.6 times larger than Hermès – $12.3 billion compared to Hermès at $7.5 billion (€6.9 billion). In 2023, it dropped to 1.35 times larger.

How to value a Chanel bag? ›

Factors that affect the value of a Chanel bag

Determining the value of a Chanel bag can be a complex task, influenced by factors such as age, condition, rarity, and demand in the market. Understanding these factors will give you a better idea of how to assess the worth of your Chanel bag.

Are Chanel bags really an investment? ›

The Chanel brand is known for its high-quality materials and craftsmanship, making it a popular choice among luxury handbag buyers. While there are no guarantees when it comes to investing, the right Chanel bag can often appreciate in value, making it a worthwhile purchase.

How much is Chanel valued at? ›

In 2023, Chanel's worldwide brand value amounted to approximately 19.4 billion U.S. dollars, an increase on the previous year. The worldwide brand value of Chanel experienced a positive trend in the time period between 2017 and 2023, and growing by 27 percent in the most recently reported period.

Do Chanel bags increase in price? ›

The 2024 Price Increase In Numbers

The increase affects all Chanel bags across the board, but the percentage increase is far lower than what we've come to expect in the past few years. Last year, the Classics were hit with a 16% increase on average, while this year only sees a 6.7% increase for the classic styles.

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