Chanel Boy bags have increased in price in October 2014
Chanel is expected to raise bag prices starting for the second quarter of 2014 between April and June. This means if you were planning on purchasing a classic flap bag its time to plan earlier to buy. There’s no immediate need to panic but it appears that prices are increasing for Chanel on their classic line-up, which will be ready in time for release of the Pre-fall 2014 collection. It’s been about two years since the last increase, and this is likely due to higher labour/material costs with a stronger Euro currency and also to keep up with other increases from Louis Vuitton (Mar14), Hermes (Feb14) and Celine (Feb14).
The US prices are confirmed to increase on May 1, 2014. Here’s a summary of the price increases expected to happen so far:
|Timeless Classic Flap Bags||New Price||Old Price||% change|
|Chanel Mini Flap Bag||$2,900 USD||$2,400 USD||20.8%|
|Chanel Medium flap bag / Re-issue 225||$4,900 USD||$4,400 USD||11.3%|
|Chanel Jumbo flap Bag / Re-issue 226||$5,500 USD||$4,900 USD||12.2%|
|Chanel Maxi flap Bag / Re-issue 227||$6,000 USD||$5,300 USD||13.2%|
|Chanel Boy Bags|
|Chanel Small Boy Flap Bag||$4,000 USD||$3,700 USD||8.1%|
|Chanel Medium Boy Flap Bag||$4,200 USD||$3,900 USD||7.7%|
For USD benchmark prices, check the Chanel Price List Reference Guide. Information is updated as it is received.
Only the classic bags were affected and all other runway bags styles remained the same. In Europe the price for the Classic Jumbo flap increased from 3,450€ to 3,950€ (15% increase). Chanel Boy bags also received an increase from 2,650€ to 2,850€ (7.5% increase).
Note: As of April 18, 2014 prices are confirmed for Europe on Chanel.com. The US prices are updated when more information is received after May 1, 2014 so stay tuned.