chanel price increase 2017

In This Chanel Price Increase 2017 review, we will discuss the chanel price increase history.Over the decades, Chanel has rarely failed to pull yet another show-stopping model out of the bag for the season ahead, but many of its most beloved bags remain those from times gone by. Sometimes, the older models are the most iconic – so all the more reason to collect them all.

chanel price increase 2017

Chanel Price Increase 2017

 

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There were already rumors circulating about the price increase on the Chanel Classic Bags in the United States (US). Yet there were still many questions unanswered. Is the price increase only for the Classic Flap Bags or also the Boy Bags? And how about the mini items like the Wallets or the WOC’s? And most importantly, is the price increase only in the US or also in Europe and other countries?

Just a few weeks ago, we wrote the Chanel Price Increase Report Nov 2017 Part 1. This report was about the price Increase on the Upcoming Classic Handbags, which mostly affected Asian countries

Chanel Price Increase In The United States

Like always, we’ve done everything we could to analyze the new prices. The Chanel Classic Flap Bag prices have just increased in the US. And naturally, the prices of the Reissue 2.55 Flap Bags went up as well.

But hold!

The price increase on the Classic Flap Bag only affected on the M/L (medium size), jumbo and maxi sizes. The price of the Small Classic Flap Bag has remained the same. See the table below:

THE CLASSIC FLAP BAGS NEW PRICES PREVIOUS PRICES
Chanel Small Classic flap Bag $4700 USD $4700 USD
Chanel M/L Classic flap Bag $5300 USD $4900 USD
Chanel Jumbo Classic flap Bag $5900 USD $5500 USD
Chanel Maxi Classic flap Bag $6400 USD $6000 USD
THE REISSUE 2.55 BAGS NEW PRICES PREVIOUS PRICES
Chanel 224 Reissue 2.55 Bag $4700 USD $4700 USD
Chanel 225 Reissue 2.55 Bag $5300 USD $4900 USD
Chanel 226 Reissue 2.55 Bag $5900 USD $5500 USD
Chanel 227 Reissue 2.55 Bag $6400 USD $6000 USD

So how high did the prices jumped? The price of the medium size went up as much as 8.1% while the Maxi went up by 6.67%. The biggest price increase was the M/L size and we think it’s because of the popularity – most people pick the medium size.

As a side note, the Classic Flap Bag and the Reissue 2.55 Flap Bag prices haven’t gone up since May 2014, which is almost 4 years now. So it was just a matter of time before the price increase occurred.

The Price Differences in %

THE CLASSIC FLAP BAGS PRICE INCREASE IN %
Chanel Small Classic flap Bag 0%
Chanel M/L Classic flap Bag 8.16%
Chanel Jumbo Classic flap Bag 7.27%
Chanel Maxi Classic flap Bag 6.67%
THE REISSUE 2.55 BAGS PRICE INCREASE IN %
Chanel 224 Reissue 2.55 Bag 0%
Chanel 225 Reissue 2.55 Bag 8.16%
Chanel 226 Reissue 2.55 Bag 7.27%
Chanel 227 Reissue 2.55 Bag 6.67%

Did The Chanel Boy Bags Also Increased In Prices?

We’re going to answer all your questions regarding the price increase in the US here:

    • Did the Chanel Boy Bag also increased in prices? No, they didn’t.
    • How about the Classic Wallets? Did they go up in prices as well?
      No, the wallets haven’t increased in prices.
    • The Wallet On Chain Bags (WOC) prices have also remained the same INCLUDING the Classic Quilted WOC.
    • The upcoming classic handbags haven’t increased in prices. This includes the Gabrielle Bag, Coco Handle Bag and the Trendy CC Bag.
    • The seasonal handbag prices remained the same.

Did Other Countries Also Increased In Prices?

Only a small number of countries have increased in prices right now:

      • There is no price increase in Europe.
      • There is no price increase in the UK either.
      • Prices in Singapore has remained the same.
      • Only one bag has increased in prices in Australia.
      • No price increase in Japan.
      • Some handbags including the Classic Bags have increased in prices in Canada.
      • Only one bag has increased in prices in Malaysia.

Chanel Price Changes In Australia

STYLES NEW PRICES PREVIOUS PRICES
Chanel Small Gabrielle Bag $4630 AUD $4430 AUD
Chanel Medium Gabrielle Bag $5277 AUD (est.) $5050 AUD
Chanel Large Gabrielle Bag $5750 AUD $5500 AUD
STYLES PRICE INCREASE IN %
Chanel Small Gabrielle Bag 4.51%
Chanel Medium Gabrielle Bag 4.53% (est.)
Chanel Large Gabrielle Bag 4.55%

Chanel Price Changes In Canada

There has been a small change in prices in Canada on the Classic Flap Bags. The Small Classic Flap Bag has decreased in price while the Maxi size has increased. See the table below.

THE CLASSIC FLAP BAGS NEW PRICES PREVIOUS PRICES
Chanel Small Classic flap Bag $5550 CAD $6075 CAD
Chanel M/L Classic flap Bag $6325 CAD $6325 CAD
Chanel Jumbo Classic flap Bag $7075 CAD $7075 CAD
Chanel Maxi Classic flap Bag $7675 CAD $7400 CAD
THE REISSUE 2.55 BAGS NEW PRICES PREVIOUS PRICES
Chanel 224 Reissue 2.55 Bag $5550 CAD $6075 CAD
Chanel 225 Reissue 2.55 Bag $6325 CAD $6325 CAD
Chanel 226 Reissue 2.55 Bag $7075 CAD $7075 CAD
Chanel 227 Reissue 2.55 Bag $7675 CAD $7400 CAD

And again, the prices of the small size went down not only in Canada but also in other countries this year. While the small size is a Classic Flap Bag, I now doubt whether it’s a good investment because the other sizes (especially the medium size) have gone up in prices very steeply.

The Price Differences in %

THE CLASSIC FLAP BAGS PRICE INCREASE IN %
Chanel Small Classic flap Bag -8.64%
Chanel M/L Classic flap Bag 0%
Chanel Jumbo Classic flap Bag 0%
Chanel Maxi Classic flap Bag 3.72%
THE REISSUE 2.55 BAGS PRICE INCREASE IN %
Chanel 224 Reissue 2.55 Bag -8.64%
Chanel 225 Reissue 2.55 Bag 0%
Chanel 226 Reissue 2.55 Bag 0%
Chanel 227 Reissue 2.55 Bag 3.72%

Other Prices Changes In Canada

STYLES NEW PRICES PREVIOUS PRICES
Chanel Medium Trendy CC Bag $6275 CAD $6100 CAD
STYLES PRICE INCREASE IN %
Chanel Medium Trendy CC Bag 2.87%

Chanel Price Changes In Malaysia

The Classic Bag prices went up a few weeks ago. But this time it’s the Wallet On Chain Bags. The prices of the Classic Quilted WOC and the Boy WOC has gone up.

STYLES NEW PRICES PREVIOUS PRICES
Chanel Classic Quilted WOC 9900 MYR 9280 MYR
Chanel Classic Boy WOC $10460 MYR 9960 MYR
STYLES PRICE INCREASE IN %
Chanel Classic Quilted WOC 6.68%
Chanel Classic Boy WOC 5.02%
 

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.

Classic Flap Bag Chanel Bags

1. Classic Flap Bag

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.

Boy Bag Chanel Bags

2. Chanel Boy Bag

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.

Shopping Bag Chanel Bags

3. Chanel Shopping Bag/Tote

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.

Backpack Chanel Bags

4. Chanel Backpack

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!

Hobo Bag Chanel Bags

5. Chanel Hobo Bag

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.

Reissue Bag Chanel Bags

6. Chanel 2.55 Bag aka Reissue Bag

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!

Clutch Chanel Bags

7. Chanel Clutch

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.

Wallet On Chain Chanel Bags

8. Chanel Wallet on a Chain

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.

Waist Bag Chanel Bags

9. Chanel Waist Bag

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.

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