Chanel Classic Handbags Worldwide Price Increase 2019 (US, UK and Europe)
From year to year, the value of your favorite luxury handbag rises by as much as percent, and ultimately it turns into a price increase of tens and hundreds of dollars. They say it’s because of rising manufacturing costs, rising salaries and rising quality. Louis Vuitton 2019 price increase happened expectedly.
Chanel, which has recently significantly increased the cost of a number of its products, is not an exception. Of course, this causes us irritation, and those who are really in trend, are trying to make a bargain in the period until the next price increase.
Let’s see what we have to pay now for their most popular handbags.
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How Much Did Chanel Prices Go Up in 2019?
Chanel has three styles that have remained popular over time: Chanel Classic Flap Bag, Chanel Boy Bag, and Chanel 2.55 Bag also known as Chanel Reissue. Since these bags really do not lose their attractiveness and relevance despite the changing of fashion trends, Chanel is not afraid to increase their prices from year to year. Let’s see how the price of each of these changed over time.
Chanel Classic Flap Bag Price Increase
The Chanel Classic Flap Bag was introduced in 1955. During this time, the Classic Flap line has become one of the most recognizable, and today it’s released in 6 sizes (from mini to maxi), and in two configurations (Single Flap style and Double Flap style). Let’s see how the price of the Chanel Jumbo Classic Flap has changed over time.
In the year of its release, one could purchase Chanel Jumbo Classic Flap Bag could be bought in the USA for $250. In 1990 it was already $1,150, and in 2009 the price was $2,695. In 2018 one could purchase a Classic Flap could be purchased for $6,200, and the recent price increase has turned its value to $6,400. Bottomline, the price increase for the Chanel Jumbo Classic Flap bag in the United States over the past year was 3.2%.
In the table below you also can check how the price for the TOP-5 Chanel Classic Flap Bags has changed after the last increase:
Name
Old price
New price
%
Old price
New price
%
Old price
New price
%
Chanel Classic Mini Flap Bag
3,300 $
3,500 $
6,1
2,500 €
2,680 €
7,2
2,290 £
2,460 £
7,4
Chanel Classic Small Flap Bag
5,000 $
5,000 $
–
4,250 €
4,550 €
7
3,810 £
4,170 £
9,4
Chanel Classic Medium Flap Bag
5,600 $
5,800 $
5,1
4,800 €
5,150 €
7,2
4,300 £
4,720 £
9,7
Chanel Classic Jumbo Flap Bag
6,200 $
6,400 $
3,2
5,350 €
5,700 €
6,5
4,800 £
5,230 £
8,9
Chanel Classic Maxi Flap Bag
6,700 $
6,900 $
3
5,800 €
6,500 €
6,8
5,200 £
5,690 £
9,4
According to the information in this table, you can figure out the prices of the Chanel Classic Flap Bags collection in the USA, United Kingdom and Europe. You may notice that the price of the Medium Flap Bag has risen most of all in the UK: for the 9,7%, as well as in Europe for the 7,2% and in the US for the 5,1. The Chanel Classic Maxi Flap Bag only had a slight price increase of 3% in US. In Europe and the UK, the price has risen by 6,8% and 9,4% respectively. A Classic Small Flap Bag is available at the same price, but only in the United States because in Europe its value has been risen up for 7%, and in the UK for 9,4%.
Chanel 2.55 (Reissue) Bag Price Increase
In 1955, Mademoiselle Chanel introduced the 2.55 Quilted Handbag with the chain straps, which became a revolution in the fashion world. The name of the bag is also symbolic: the numbers 2.55 indicate the date of issue: “2” – for February and “55” – for the year 1955. The handbag could’ve been purchased for $220 then.
After Gabrielle Chanel’s death, the position of Artistic Director was taken by a talented fashion designer Karl Lagerfeld, who in 2005 redesigned the classic Chanel Bag 2.55, not only giving her a new look but also assigning a new name by which we all know her now. After the redesign, the bag became available in five sizes (224, 225, 226, 227 and 228).
Here’s how the price has increased for the next three models in dollars, euros and pounds recently:
Name
Old price
New price
%
Old price
New price
%
Old Price
New Price
%
Chanel Reissue 225 Bag
5,600 $
5,800 $
3,6
4,800 €
5,150 €
7,2
4,300 £
4,720 £
9,7
Chanel Reissue 226 Bag
6,200 $
6,400 $
3,2
5,350 €
5,700 €
6,5
4,800 £
5,230 £
8,9
Chanel Reissue 227 Bag
6,700 $
6,900 $
3
5,800 €
6,200 €
6,8
5,200 £
5,690 £
9,4
You can easily notice that most of all the prices for handbags of this collection increased in the UK, least of all in the USA. Speaking about specific models the Chanel Reissue 227 Bag grew the least in price, having risen in price by only 3% for buyers from the United States remaining the most expensive bag in the series. Most of all, the Chanel Reissue 225 Bag has increased in value, and in the UK market, it has risen by as much as 9.7% compared to the previous price.
Chanel Boy Bag Price Increase
In 2011, Karl Lagerfeld, already an eminent fashion designer and Creative Director at Chanel, decided to release a handbag dedicated to Mademoiselle and inspired by her personal story. Lagerfeld focused on the fact that Chanel always had an addiction to male elements in clothes and accessories, which was strengthened due to the tender relationship with Boy Capel. Lagerfeld immortalized his name in the Chanel Boy bag.
Speaking about the popularity of the model, we can confidently state that the elements of its design have spread and can be recognized today in many styles released by Chanel. Chanel Boy Bag was presented not only in a wide variety of sizes but also in colors and materials. By the way, one of the models of this collection – the Medium Boy Bag – can be called one of the successful. In 2012, it was first introduced at a price of $3,200. The value of this year for the same style is already $5,000, which indicates a price increase by more than 55% in just seven years!
Name
Old price
New price
%
Old price
New price
%
Old price
New price
%
Chanel New Medium Boy Flap Bag
5,400 $
5,500 $
1,9
4,650 €
4,980 €
7,1
4,170 £
4,570 £
9,5
Chanel Old Medium Quilted Boy Flap Bag
4,900 $
5,000 $
2
4,180 €
4,480 €
7,1
3,750 £
4,110 £
9,6
Chanel Small Boy Flap Bag
4,500 $
4,600 $
2,2
3,850 €
4,120 €
7
3,450 £
3,780 £
9,5
From the comparison table, you can see that fans of Chanel handbags, and especially the Boy Bag collection from the UK, were the least lucky again: each of the three bags presented in the table went up by more than 9%, while in Europe – by 7%, and in the United States – an average of only 2%! The handbag that has risen least in the price – 1.9% in the United States – is the Chanel New Medium Boy Flap Bag, while the model that has increased the most in the price – the Chanel Old Medium Quilted Boy Flap Bag – is 9.6% in the UK.
Are Chanel Classic Bags Worth It?
Last week I was surfing the Web and came across the following post in one of the Chanel groups on Facebook. A girl was offered two options for a Christmas present by her boyfriend. He either could buy her a Chanel bag, or a joint trip to Japan. The price was about the same ($6,000) and she really didn’t know which is the way to go. She really wanted to visit Japan, but she’s also been dreaming about a Chanel handbag from her childhood. She asked for advice and almost everyone, I mean every Chanel fan from a Chanel lover community said: take the trip! The impressions and moments that they spend together are timeless and priceless.
I can’t really stop thinking about this story cause as much as we adore Chanel handbags, are they really worth it? If I had a spare $6,000 would I buy a handbag or a trip? Definitely a trip! Does that mean that Chanel is not worth its price tag? Probably.
Along with rising prices, customer dissatisfaction is growing. Quality has been going down recently. However, we continue to buy Chanel bags. Why? Because Chanel is the ultimate dream bag for almost every girl and dreams are priceless, and, after all, every girl wants to become an owner of a luxury bag.
Want a New Chanel Bag, but the Price is Too High?
The increase in prices for Chanel home products is associated with inflation and rising production costs in Italy, France and Spain (where most of the highly skilled craftsmen are based). In addition, the materials from which Chanel bags are made are also steadily increasing in price. However, it is also obvious that Chanel will not restrain the growth of prices for its products as long as there is demand for them. The more we want a Chanel bag, the more we’ll pay.
If you have already put an eye on a Chanel handbag, still did not have the opportunity to purchase it before the recent price increase, do not be discouraged! In our store you can buy a Chanel bag at a price significantly lower than the market. Depending on the condition of the bag, its life and the model itself, the discount on the bag can be up to 70%! Become the lucky owner of your dream bag for a reasonable price thanks to the Bagaholic online store.
