Chanel made headlines this year by announcing a price increase of 21%. Yes you read that right 21%. What you probably don’t know and what the article failed to mention was Chanel raises their price every year. Also, not every bag and item was increased by 21%. With that being said, you may be wondering is the Chanel Bag worth the price in 2022?
Today, I’m going to break down the history of the Chanel bag, why it’s so popular and give my honest opinion if the Chanel bag is worth the price. Full disclaimer before we start the article, I do not own a Chanel bag. These are my opinions and thoughts on the bag and the price hike. Without further ado let's jump right into my thoughts on if a Chanel bag is worth the price. Especially with the new price increase.
History and popularity of the Chanel bag
The Signature Chanel Flap bag is one of the most iconic recognizable handbags in the world and has only gained popularity over the time. But where did it all begin? How did Chanel and the classic CC Logo get so popular and become the unstoppable brand it is today?
The classic Chanel bag was launched in 1929. In 1929 the world looked completely different than today. Back then, there were strict dress codes and rules enforced for females. Only the elite would be able to afford to carry a Chanel bag. Fast-forward to the year 1955. Coco Chanel launched the very first shoulder strap.
This shoulder strap altered handbag history forever, as it was never done before. While the classic Chanel bag has been slightly modified and altered over the last 90 years the core concepts remain intact and Chanel has only gained in popularity. Thus making this shoulder bag timeless. Thank you Gabrielle Chanel and Karl Lagerfeld for creating such gorgeous masterpieces!
Chanel Price increase from 2018 – 2022
Did you know that luxury brands, including Chanel handbags, are always increasing their price and never discounting the timeless pieces? I always tell people if you can afford it and want to buy one now, then pull the trigger. While it seems expensive right now, in 5 years or even a few years it will be more expensive and you’ll be looking back and wondering why you didn’t buy the bag when it was “cheaper.” Or you could also purchase a preloved Chanel handbag. With that being said, the price has increased from 2018 to 2021.
There has been no price increase as of November 2021. (Last updated Jan 2022). Europe has announced a Chanel Flap bag price increase for March 2022.
As of October 2022, The US hasn't announced its price increase!
Below is the price breakdown increase from 2018 to 2019 to 2020 to 2021. Fun fact, did you know that in 2010 a medium classic Chanel flap bag in Caviar Leather was $2,850?!? Someone please get me a time machine 🙂 Shop Preloved Chanel Flap Bags
|Year||Price in the USA||Price Percentage increase|
|2022 (Jan)||No Change||No Change|
|2022 (October)||No Change||No Change|
Chanel Price Comparison in USA vs France
Before 2020, you could travel to Paris and the price of a Chanel bag would be cheaper in Paris than in the USA. With the price increase in Europe, you won't see as big of a price difference as pre-covid days.
For a Birkin Bag, yes of course, traveling to Paris to buy a Birkin is worth it. But to travel to Paris to get a Chanel bag? Well, that’s a different story. Below is the breakdown of pricing of a Chanel bag in Paris vs the US Pricing and Conversion as of October 2022.
|Location||Price||Price in USD|
|USA||$8,800||$8800 + Tax|
|France||€8,990||$8814 – VAT Tax|
|Europe||€8,990||$8814 – VAT Tax|
Is the Chanel bag worth the price?
Ahh, the question of the day, is buying a classic Chanel Flap Bag worth the price? After pondering this question over and over. My conclusion is simple, yes the Chanel flap bag is worth buying. It is a great investment piece that you will use for years to come. Is it worth full retail price? Probably not.
The good news is that because the Chanel bag is so popular, the preloved market is flooded with every discounted Chanel bag you could imagine. When shopping for a preloved Chanel bag with gold hardware, the pre-2008 circa is very interesting because at the time they used 24k Gold plated hardware. This gold-plated hardware gave the Chanel Cs a more classic, rich golden tone. Shop Preloved Chanel Caviar Handbags
Alternatives to buying the Chanel bag full price
I love the concept of buying preloved vintage handbags. Not only are the handbags cheaper, it gives a second life to these otherwise ignored bags. It’s important that you know where to find authentic preloved handbags. Many times when you purchase these preloved bags, they come in excellent condition.
I also encourage you to check your local consignment shops, I once saw a Chanel lambskin crossbody from the late 90s for sale at a fraction of the price.
Sincerely Petite in Paris,