Today, we will be discussing the Chanel Bags 2016 Prices. Our team has researched and reviewed thechanel bags price to help you come up with a better decision. We’ve also put up a shopping guide with the features you can consider when buying chanel spring 2016 handbags.
Chanel Bags 2016 Prices
Founded by Gabrielle ‘Coco’ Chanel in 1909 and led by Karl Lagerfeld since the 1980s, Chanel is famous for its quilted handbags, costume jewellery and classic womenswear. Today, the CC logo is synonymous with timeless style.
Chanel‘s handbag lookbooks are always fun; they usually contain 35 to 45 bags, ranging from casual looks like denim or canvas to eye-popping exotics and pieces that feature heavy beading or embroidery, all of which give Chanel fans a very good idea of the full lines they’ll find in stores. For Pre-Collection Fall 2016, Chanel has been even more generous: its just-launched lookbook features 64 brand new bags.
In this collection, there aren’t any heavy pop cultural influences, as has been common in seasonal Chanel collections of the recent past. Instead, Karl Lagerfeld and his accessories team went back to basics, with rich tweeds, quilted leather and embellished python. Every couple of years, it’s nice to have a Chanel collection whose only theme is Chanel.
Take a look at the bags and their prices below; this collection is currently available in Chanel boutiques worldwide.
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Chanel Alligator Flap Bag
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In this research study, we will look into the historical pricing of Chanel handbags, with a focus on the Medium Classic Flap Bag which has been on sale since 1955 and as such provides us with the best historical data. We will also take a closer look at how pricing has progressed for a number of popular Chanel handbags over the last six years to gain an insight into how Chanel implements their pricing structure. Using this data we will compare Chanel handbags to a number of other commodities to see its potential as an investment piece.
First released in February 1955, the Medium Classic Flap Bag, or 2.55 Bag, is the oldest and most consistent bag in the Chanel collection. Due to this, it is the best bag to analyze in terms of historical pricing. Upon release, the Medium Classic Flap Bag was sold for $220. By 1990, the exact same bag was on the shelves with a price tag of $1,150. This 45 year period represents the slowest growth in value of a Medium Classic Flap Bag throughout its history and while the pricing stood still for some years during this period, it never once fell or depreciated.
From 1990 onward, Chanel implemented different pricing tactics with the value of the Medium Classic Flap Bag rocketing to $1,650 by 2005, $2,850 by 2010, $4,400 by 2012, and $4,900 as of May 2016. While the increase in price from 1955 to 1990 could be explained by inflation and a small markup, there are certainly other factors at play since 1990 which have seen the mainstay bag increase almost fourfold in just over a quarter of a century.
The table above provides an insight into selected prices for the Medium Classic Flap Bag between 1955 and 2016. What is immediately clear is that the value of the bag has only increased throughout this period. This may be expected as the price of almost everything has increased during the last 50 years due to factors such as inflation, rising material costs, and greater labor costs. However, inflation between 1955 and 2015 averages at 3.70% per year. If we were to apply this to a Chanel Medium Classic Flap Bag purchased in 1955 for $220, today’s price would be $1,967.17. That’s a full $2,932.83 less than the actual value of the iconic Chanel bag.
It is clear that Chanel do not simply consider inflation and raise their prices accordingly. In fact, the value of the Chanel Medium Classic Flap bag has far outpaced the rate of inflation over the last half a century. There are other factors at play such as increasing profit and maintaining the exclusivity of the brand. These tactics clearly work as since 1955, there have been a number of financial depressions including the Energy Crises in the 1970s, Dotcom Bubble in 2000, and Subprime Mortgage Crises between 2007 and 2009. Yet, throughout this period, Chanel have not only maintained their pricing, but have also increased the bags value numerous times in excess of inflation.
This pricing tactic is not only evident in the Medium Classic Flap Bag. It has been seen in a number of their signature bags since their release. The table below shows the value of selected Chanel handbags year on year since 2010 (the Boy Bag was released in 2012 so data for that bag is only available from that year).
Year on Year Prices of Selected Chanel Handbags between 2010 and 2015 (All prices in USD)
Chanel collections of late often have some sort of zeitgeist-y theme (like feminism or mass consumer consumption, for example), but just when you expect a designer like Karl Lagerfeld to zig, he zags. For Fall 2016, Chanel’s bags seem to be mostly inspired by the brand itself and the creation of its clothing.
That doesn’t mean there’s not any variation, though. A couple bags feature stylized, emoji-like prints or baubles, and there are plenty of straightforwardly pretty leather bags with no theme to speak of. Check out all the bags and prices below, and if you see something you like, you can pick up these bags in Chanel boutiques worldwide as we speak.
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Chanel 2.55 Flap Bag
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Chanel 2.55 Flap Bag
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Chanel Bowling Bag
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Chanel Boy Bag
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Chanel Boy Bag
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Chanel Boy Bag
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Chanel Boy Bag
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Chanel Boy Bag
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Chanel Boy Shopping Tote
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Chanel Camera Case
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Chanel Classic Flap Bag
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Chanel Denim Flap Bag
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Chanel Drawstring Bag
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Chanel Drawstring Bag
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Chanel Embroidered Boy Bag
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Chanel Embroidered Flap Bag
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Chanel Embroidered Tulle Boy Bag
A Brief History of Chanel
Before we get to the Chanel handbag review section, let’s first talk about why the brand itself is so amazing.
Chanel bags – and indeed, their entire product line from scarves to perfume and beyond – have become a universal icon of class, wealth and style. It all started in 1910. Gabrielle “Coco” Chanel opened her first shop, a hat store at 21 Rue Cambon in Paris. Her designs sold to all the most famous French actresses. This helped her create a name for herself as an icon of simple, elegant fashion design.
By 1915, after introducing a popular sportswear line, Chanel again exploded the fashion world. This time with her first upscale couture house. From there, the rest is history. The brand has been firmly ensconced in fashion legend ever since.
What’s made the designer and her company so famous all these years? A few things: Emphasis on clean lines. Use of quality materials. Top-of-the-line and lasting construction. Exclusivity or limitation of designs. The latter is a trend which continues today.
It’s this last trait that makes Chanel such a good investment strategy. You can rest assured that the bag you buy this year won’t be available next year. That means after purchase, you have a commodity that only a few others will possess. Over time, that becomes an extremely valuable asset. While Chanel handbags will continue to be made, that particular bag will never get made again.
Why Chanel Bags Are Worth the Investment
People have long known this about fashion houses all over the world. Buying unique, beautiful, short-run items has always had the main advantage of knowing that as time passes, that piece will become more valuable. In addition to being a statement piece to beat all others, Chanel bags behave in the tried-and-true economic manner as all good investments.
They Appreciate in Value
As with all good and highly desired fashion items, Chanel bags get more expensive every year. This applies to both the new bags and the collector’s items that are no longer manufactured. They also don’t depreciate in value nearly as much as other bags, due to the quality of construction, the brand recognition and the fact that new bag prices continue to rise, so that they’re eventually worth much more than you paid for them.
They Stay in the Family for Generations
Chanel bags (really Chanel things in general) become excellent family heirlooms to pass on to your children or family members. They can either enjoy it themselves or sell it for lot’s of cash. Sound like a pretty good investment strategy? It is, which is why the rich and famous have used it for so long. And that’s before we talk about what an awesome statement piece a good Chanel handbag is.
They Give You Membership to an Exclusive Club
Let’s face it: Your bag game simply isn’t on point unless you have at least one Chanel in your collection. Not everyone can afford one. Because of that, they’re a fantastic statement piece. You can be sure you won’t show up to a party and find half the party sporting a similar bag (how embarrassing would that be?!?) Adding to the exclusive caché is the fact that for many bags, you have to be waitlisted. That means you have to hold your horses while the fashion house gets your bag ready. They take your size, color, shape and other specifications into account. This is especially true for the classic flap bag. It is so popular that demand for it often far outpaces supply.
They Scream Quintessential Quality
Chanel handbags use exceptionally high-quality materials, without exception. (See what I did there?) Each one utilizes leather, fabrics and hardware of the best make. This is why pretty much all bags can safely qualify as “best Chanel handbags.”
Plus, the bags are of the highest possible craftsmanship. After all, good materials don’t count for much if the bag’s just going to fall apart in a few years. Luckily, that’s not an issue. The fashion house employs not only the best makers, but the best designers as well. (Long Live Chanel King Karl Lagerfeld.) Quality, much like investment potential and exclusivity, is the reason royalty, Hollywood and the elite have for decades put their money into luxury items such as these. Unlike the stars, however, you probably don’t have the funds for twenty Chanel handbags. Therefore should do your choosing widely. That’s where the rest of this Chanel handbag review comes in.
9 Best Chanel Bags of All Time
So now that I’ve convinced you that you NEED one or two Chanel bags in your life, let me help you figure out which one is best for you. Unlike some other fashion houses that achieve exclusivity and perfection of design through only one or two new pieces a year, Chanel offers a wide variety of handbags from which to choose.
Of any handbag in the Chanel line, the flap is probably closest to what the stars wore a hundred years ago. Here, classically quilted in black caviar leather, the bag is available in a number of other materials and patterns as well. Each classic flap is finished with a Chanel snap on the front, chain handles and finest leather within.
More expensive than the classic flap, the boy bag offers next-level luxury and storage. It has a wide-open compartment and bold leather framing on the outside. Thicker hardware and a sturdy lock give this an almost industrial feel. Nevertheless, it’s still the height of chic.
Chanel totes are available in a huge number of shapes and sizes. While black is the classic color, you can find them in a number of others as well. Leather is the typical material. It is carefully worked and reinforced to stand up to decades of use. Some totes have a hardware logo. On others, it is quilted into the leather across the front of the bag.
Here’s another classic shape. The Chanel backpack has a quilted front pocket and large statement flap with metal hardware. The top closes via drawstring, and the empty compartment is made to carry everything you need for a day. Get ready to enjoy Nice or your own hometown!
Get ready to take “slouch” to a whole new level. Hobo bags are notable for their ability to combine that recognizable Chanel class with a casual aesthetic that works for both day and night. Whether the leather is quilted, rumpled or smooth, these investments are always a win.
On the surface, the reissue bag looks like the classic flap. But it’s not. The design is sleeker, with a thinner profile and more distressed leather than its counterpart. The bag is a throwback to 1955 (hence the name), when it was first issued. In some ways, this makes it an even better investment. It has retro in spades!
Nothing makes you more red-carpet-ready than a Chanel clutch. Like most of their other handbags, these are usually of the quilted variety. They come in a range of colors and a wide variety of finishes, but the main idea is the same. They’re small, easily held in one hand. If you prefer, you can pull out the delicate chain with which most are supplied.
This is like the clutch, except with a slimmer wallet profile. Wallets on chains, as the name implies, come with a long enough strap that you can carry them over a shoulder. Inside, you’ll find room for credit cards, cash, lip gloss and a phone. It’s the perfect accompaniment to a night out, and the classic style will go with almost any outfit.
You thought fanny packs were uncool? Think again, because Chanel can turn any stereotype on its head. That’s right: Belting your purse to your middle has become awesome again. Following the same style as their other handbags (quilting and hardware), these small totes stick close to the body for crowded venues and hands-free activities. These are sometimes also released as camera bags, so watch out for variations in style and shape from year to year.
So which is your fave? Can you even pick ONE? I’m more of a boy bag girl, hah! I like the classic shape with the addition of the modern details and bold chains. Either way, you really can’t go wrong with Chanel. And if you liked this post, stay tuned for my next Chanel inspired piece where I’ll give you the scoop on all the different places you can find these beauties.