There is no woman on the plant earth that is not dreaming of a handbag by Chanel. Their purses and ready-to-wear are timeless classics that always look chic and elegant. But what to do if you can’t yet afford a brand-new Chanel bag from the store, but really want one? Buy it pre-loved, of course! Are you wondering How Much Are Chanel Purses on the Resale Market in 2024? We are about to give you a detailed answer.
Why Secondhand Designer Bags are So Popular?
Today, the resale and secondhand market is experiencing a real boom. There are several reasons for that:
Sustainability
People are getting more conscious and choose a more sustainable approach, which is to stop overconsumption and start reusing things as much as possible, clothes and bags included. Read more on How Can You Protect The Environment By Buying Luxury Handbags: Pre-Loved Luxury and Sustainability.
Trend for vintage purses
Many luxury bag fans prefer vintage purses over new ones, especially when it comes to classic models like Louis Vuitton Neverfull or Chanel Classic Flap. Why? They say that vintage purses, even though they are several years old, are of better quality than the same models but manufactured recently. Purse lovers complain a lot that the quality of handbags is decreasing these days. And, of course, time goes by, certain items get discontinued, and the secondhand market is the only place you can find them.
Regular luxury bags price increases
We all saw fashion houses raise their prices several times last year, and it seems that each time these increases are just more and more steep. Check out fashionistas’ opinions when Chanel Increased Prices Worldwide for the Second Time in July 2021.
Unavailability of popular items in official stores and on the website
There are more and more threads on forums and Facebook with people complaining that they have been stalking a certain item for several months! And usually it is not some hot model that just got released, but timeless classics that have been on the shelves for many years. It can be due to recent COVID-19 lockdowns or fashion brands' pursuit of exclusivity. Whatever the case, people start to look at the secondhand market to save time and money.
We know how exhausting it can be to search for a bag, especially on the resale market, especially if you are new to pre-owned luxury purses world. So, we have researched the most popular and credible resale platforms and compared their price ranges for the most popular Chanel purses. We have also identified the average price across all the platforms. Please, keep in mind that the price for limited editions, exotic leathers and certain colors may vary greatly.
Chanel Classic Mini Square Flap Bag
RETAIL: starts at $4,200
Average resale price: $4,513
Rebag: $4,765 - $6,005
The Real Real: $3,000 - $5,500
Fashionphile: $2,860 - $6,150
Yoogi’s Closet: out of stock
Facebook Reetzy groups: $2,300 - $5,950
As you can see, the lowest price for a Chanel Classic Mini Square is found on Fashionphile and Facebook. Interestingly enough, the highest limit is also on Fashionphile, and the average resale price is actually higher than the official one. It can be easily explained: Chanel Mini Square is very popular and difficult to find in stores, so there are many luxury bag resellers who have been lucky to snatch a brand-new bag and are now selling it at a higher price than retail. And, please, keep in mind that on the pre-loved market there are Chanel Minis in fairly good condition for almost half the price.
eBay is one of the sites that offers the best selection in terms of choice and prices. You can always find a deal, such as vintage Chanel flap at only $1,799.
Chanel Classic Mini Rectangular Flap Bag
RETAIL: starts at $4,400
Average resale price: $5,097
Rebag: $3,510 - $8,685
The Real Real: $3,000 - $6,800
Fashionphile: $3,895 - $8,195
Yoogi’s Closet: out of stock
Facebook Reetzy groups: $2,450 - $6,249
eBay: $4,200
For Chanel Classic Mini Rectangular Flap Bag, the average resale price is almost $600 higher than the retail price for the most basic model. The lowest price for the rectangular Mini is found on The Real Real and, again, on Facebook.
Chanel Classic Small Flap Bag
Official price: starts at $7,100
Average resale price: $5,688
Rebag: $3,185 - $8,355
The Real Real: $3,550 - $6,000
Fashionphile: $2,625 - $11,495
Yoogi’s Closet: out of stock
Facebook Reetzy groups: $2,940 - $7,600
eBay: from $2,144
The closer the size is to the most popular medium, the closer the retail price is to the resale price. Again, the highest and the lowest limit of the resale price is found on eBay, where you can choose from 500+ variants of this purse. The Real Real and Facebook also have good starting prices.
Chanel Classic Medium Flap Bag
Official price: starts at $7,800
Average resale price: $5,587
Rebag: $3,695 - $8,675
The Real Real: $3,500 - $6,800
Yoogi’s Closet: $3,795 - $6,195
Fashionphile: $3,595 - $11,545
Facebook Reetzy groups: $2,450 - $7,899
eBay: from $2,600
When it comes to Chanel Classic Medium Flap, the starting price across all the resale platforms is almost the same, only Facebook stands out, there you can find this timeless Chanel classic much cheaper. Fashionphile, again, boasts the highest limit, while eBay has a variety of 1000+ options, starting at $2,600 for a vintage Chanel flap.
Chanel Boy Bag (all sizes)
Official price: starts at $5,400
Average resale price: $4,704
Rebag: $4,465 - $6,845
The Real Real: $3,300 - $5,800
Yoogi’s Closet: $2,975 - $4,195
Fashionphile: $3,290 - $6,310
Facebook Reetzy groups: $2,800 - $5,900
Chanel Boy Bag is also one of the bestsellers of the fashion house. The price range for this purse is similar on all the resale platforms. That means that you don’t need to focus on only one or two of them, and that vastly increases the number of affordable options in fairly good condition.
Chanel 2.55 Reissue (all sizes)
Official price: starts at $7,800
Average resale price: $4,063
Rebag: $2,780 - $6,415
The Real Real: $3,300 - $6,500
Yoogi’s Closet: $2,775 - $5,195
Fashionphile: $2,395 - $6,995
Facebook Reetzy groups: $2,300 - $7,100
The price for Chanel 2.55 Reissue is almost uniform on the secondhand market. The cheapest options are found on Fashionphile and Facebook.
If you want to learn more about Chanel classics, check out Which Chanel Bag to Buy First if You Want Classics: Top 3 Most Iconic Chanel Bags.
Chanel 19 Bag (all sizes)
Official price: starts at $5,700
Average resale price: $6,094
Rebag: $4,945 - $7,370
The Real Real: $4,800 - $6,500
Yoogi’s Closet: out of stock
Fashionphile: $4,565 - $8,995
Facebook Reetzy groups: $3,500 - $6,289
Again, on Facebook, there are sellers that offer the popular Chanel 19 bag for less money than on the resale platforms. And we can see that the average resale price for this model is higher than the retail one.
There is an obvious reason behind this, find out if Chanel 19 Bag Is Worth Buying in our Ultimate New Chanel “It” Bag Review.
Chanel Wallet On Chain (all styles)
Official price: starts at $2,300
Average resale price: $2,677
Rebag: $2,325 - $3,775
The Real Real: $1,695 - $4,500
Yoogi’s Closet: $1,695 - $2,695
Fashionphile: $1,475 - $4,875
Facebook Reetzy groups: $1,450 - $4,000
Chanel WOC is a must-have in a fashionista’s wardrobe. No wonder, resale platforms are flooding with options for every taste and budget, except for Yoogi’s Closet where this model is practically out of stock.
Chanel Gabrielle Bag (all sizes)
Official price: starts at $5,000
Average resale price: $3,703
Rebag: $3,035 - $5,410
The Real Real: $2,800 - $5,300
Yoogi’s Closet: $2,695 - $3,795
Fashionphile: $2,695 - $5,145
Facebook Reetzy groups: $1,299 - $4,950
As you can understand looking at the average resale price, Chanel Gabrielle doesn’t hold its value very well, still you can find a lot of listings on the resale platforms. The starting price is twice as low as the retail. So, if you are looking for one, be sure to check the secondhand market - you can save a lot of money!
Chanel Grand Shopping Tote
Official price: discontinued
Average resale price: $2,660
Rebag: $2,480 - $3,575
The Real Real: $1,760 - $3,400
Yoogi’s Closet: out of stock
Fashionphile: $1,890 - $3,670
Facebook Reetzy groups: $1,200 - $3,737
Sadly for many luxury bag lovers, Chanel Grand Shopping Tote was discontinued in 2015. The most popular hues were black and beige, and exactly these models are found on the pre-loved market. There you can get this nice and comfortable everyday tote for less than $4,000.
Chanel Coco Handle Bag (all sizes)
RETAIL: starts at $4,200
Average resale price: $4,728
Rebag: $3,330 - $5,280
The Real Real: $3,800 - $5,300
Yoogi’s Closet: out of stock
Fashionphile: $3,695 - $7,995
Facebook Reetzy groups: $2,980 - $6,000
eBay: from $2,900
The choice of pre-loved Chanel Coco Handle Bag on Rebag and The Real Real is quite limited, so if you are looking for one, turn your attention to Fashionphile and Facebook. Interestingly enough, the price limit on all the platforms is higher than the official retail price for the biggest Chanel Coco Handle.
Where To Buy Popular Chanel Purses Pre-Loved
Judging from our small research, we can state that you can definitely save money purchasing from a private seller on Facebook rather than from a resale platform. It can be easily explained - almost all platforms charge some fees for their services, up to 30-40%, except for Rebag, it is completely free.
We hope now you have a better understanding How Much Are Chanel Purses on the Resale Market? If you want to check price on other websites and platforms, here is the list of 40+ Best Places To Sell Your Used Clothes Online For Cash.
If you are buying pre-loved, be sure to always order professional authentication, especially if you are buying from a private seller, but not only. Read How You Can Buy a Fake Bag From A Reputable Consignment Store.
If you need to authenticate a Chanel item, please order one of the three types of authentication:
- good when you need to know whether the bag is real or fake for yourself (e.g. when you are buying an item)
Certificate of Authenticity $25
- good when you need a certificate for any reason, either to sell the bag with the peace of mind or to return a fake bag to the seller if you purchased a fake
- includes a permanent certificate on lvbagaholic.com
Certificate of Authenticity with a thorough explanation $50
- good when you need a certificate and you need to know why the bag is authentic/not authentic for any reason, either to sell the bag with the peace of mind or return a fake bag to the seller if you purchased a fake.
- includes a permanent certificate on lvbagaholic.com
- includes an explanation of why the item is fake (detailed pictures and comparisons with an authentic bag, more than 10 pics included)
PLEASE CHOOSE ONE OF THE OPTIONS BELOW
