Chanel raised prices again in March 2023: the Classic Flap Medium moved from $8,800 to $10,200 USD and the Jumbo from $9,500 to $11,000, while the Classic Wallet on Chain went from $2,950 to $3,350. The increases ran right across the classic and 2.55 families.
What are the new prices in USD?
| Style | Was | Now |
|---|---|---|
| Classic Mini Square | $4,200 | $4,700 |
| Classic Rectangular Mini | $4,400 | $4,900 |
| Classic Flap Small | $8,200 | $9,600 |
| Classic Flap Medium | $8,800 | $10,200 |
| Classic Flap Jumbo | $9,500 | $11,000 |
| 2.55 Reissue Mini | $4,400 | $4,900 |
| 2.55 Reissue | $8,800 | $10,200 |
| 2.55 Reissue Large | $9,500 | $11,000 |
| Classic Wallet on Chain | $2,950 | $3,350 |
What are the new prices in Canada?
| Style | Was | Now |
|---|---|---|
| Classic Square Mini | $5,075 | $5,950 |
| Classic Rectangular Mini | $5,350 | $6,200 |
| Classic Flap Small | $10,375 | $12,275 |
| Classic Flap Medium | $11,050 | $12,800 |
| Classic Flap Jumbo | $11,900 | $13,850 |
| Classic Wallet on Chain | $3,625 | $4,225 |
What does this mean for shoppers?
This is why classic pieces are worth buying before they become a rarity you cannot get in stores: history says they keep increasing. For shoppers, the lesson repeats with every round: classics bought early have historically cost less than classics bought late. For anyone who cannot stomach the new boutique prices, shopping pre-loved is the move, getting a classic before the resale market catches up. And the obvious question follows: what does a Chanel increase mean for brands like Hermès, and should a hike there be expected soon?
Shop authenticated Chanel, learn the current authentication era in the microchip guide, or compare silhouettes in Chanel Trendy 101.
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