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New Confirmed Hermès Prices in Europe 2024
The much-discussed and highly anticipated Hermès price increase for 2023 has officially landed. If you’ve had your heart set on a Birkin, Kelly, or Constance lately, be prepared to shell out around anything from 3% to 10% more today compared to the rates of last year.
However, that’s not all. Lovers of all things ‘orange boxed’ should anticipate more substantial price tags across the entire Hermès spectrum. From its coveted bags, and fine and fashion jewelry, and to the range of scarves, homeware, footwear, and beyond. Of course, we’ll be zeroing in on the nitty-gritty of price alterations for the most coveted Hermès bags.
Image courtesy: @clairechanelle
What Sparked the Latest Price Increase at Hermès?
During the unveiling of its Q3 2022 Financial Results, Hermès announced that it would increase prices by 5 to 10 percent in 2023. The stated justifications for this strategic move were mounting costs and unpredictable shifts in currency valuations. However, to some extent, the move came as no surprise. Hermès aficionados are well aware of the annual increases; particularly, as this followed a period where Hermès actively held back on hefty hikes during the throes of Covid lockdowns. This latest price increase certainly rocks the European market more significantly than the United States. However, U.S. consumers are likely to witness price revisions around the 2-10% mark – with perhaps some higher.
Image courtesy: @victoria
Simultaneously, while inflation has certainly been causing turbulence across the global luxury markets, Hermès has been basking in record-breaking sales and earnings. Consequently, the brand’s sales have increased by 23% in 2022 – a feat that surpassed analysts’ projections twofold.
Read: Hermès Financials Soared in 2022: Employees to Receive €4,000 Bonus
Image courtesy: @victoria
Even though Asia contributed nearly half of the revenue, the spotlight fell on the US, where the growth, in terms of percentage, was most pronounced. Hermès has defied the predictions that the appetite for top-tier luxury bags would cool down after the post-pandemic surge. As a result, Hermès has since made strategic investments by recruiting additional artisans and expanding its workforce by a remarkable 1600 people through 2022. Echoing this sentiment, according to Reuters, Eric Du Halgouët, the finance chief of Hermès, said during a call with reporters that, “for the moment, we don’t see any slow down in any of our markets.”
2023 Hermès Price Update in the United States: New Bag Prices
It came as no surprise that the moment the Hermès 2023 price increase took effect in Europe, speculation about the corresponding percentage hikes in the U.S. emerged. Thankfully, the outcome of this latest price adjustment in the U.S. was far more favorable than our initial concerns had led us to believe – the increase, is in fact, within the usual and predicted range of 3-10%.
Read also: Hermès Birkin & Kelly Prices 2023: How Much Have Prices Increased?
Here are the confirmed new prices in the US for Hermès quota bags. We will update this chart as prices become available.
| Style | Leather | 2022 ($) | 2023 ($) | % Increase |
| Mini Kelly 20 | Epsom | $8,250 | $8,700 | 5.50% |
| Chevre | $8,900 | $9,450 | 6.20% | |
| Ostrich | $15,500 | $16,400 | 5.8% | |
| Quelle Idole Picto Doll | $15,900 | |||
| Teddy (Suede Grizzly) | $17,300 | |||
| Lizard | $18,000 | |||
| Touch Veau Madame/Gator | $13,500 | |||
| Matte Gator | $28,500 | $31,500 | 10.50% | |
| Kelly 25 | Epsom Sellier | $10,600 | $11,300 | 6.60% |
| Retourne Matte Gator | $36,100 | $42,000 | 16% | |
| Togo Retourne | $9,900 | $10,900 | 10% | |
| Sellier Shiny Gator | $42,400 | |||
| Sellier Porosus Croc | $48,700 | |||
| Kelly 28 | Epsom Sellier | $11,200 | $11,800 | 5.30% |
| Togo Retourne | $10,600 | $11,300 | 6.60% | |
| Kelly 32 | Togo Retourne | $11,300 | $12,000 | 6.20% |
| Kelly Pochette | Swift | $6,400 | ||
| Lizard | $14,500 | |||
| Kelly Danse | Lizard | $17,500 | ||
| Kelly Danse | Ombré Lizard | $19,800 | ||
| Birkin 25 | Togo | $10,100 | $10,400 | 3% |
| Sellier Box | $15,400 | |||
| Birkin 30 | Togo | $11,300 | $11,600 | 2.7% |
| Constance 18 | Mirror Epsom | $8,750 | ||
| Chevre | $10,000 | |||
| Constance 24 | Box | $13,700 |
We’ve all been waiting on tenterhooks wondering how significant the Hermès price increase might be here in the United States. After seeing significant jumps in Europe, there’s been much speculation as to the percentage increase here in the US. Based on our preliminary observations on only a handful of styles from Hermes.com, we can see that the increase is, in fact, within the usual and predicted range of 4-8%. No surprises here.
| Style | Leather | 2022 ($) | 2023 ($) | % Increase |
| Mini Lindy Clemence | Clemence | $6,400 | $6,650 | 3.90% |
| Ostrich | $14,100 | |||
| Picotin Micro | Swift | $3,200 | $3,325 | 3.90% |
| Picotin 18 | Swift | $2,875 | $3,025 | 5.20% |
| Eclat | $3,000 | $3,325 | 10.80% | |
| Monochrome | $3,325 | $3,525 | 6.00% | |
| $3,600 | $3,775 | 5% | ||
| Lucky Daisy | $3,775 | |||
| Picotin 22 | Swift | $3,150 | $3,325 | 5.50% |
| In-the-loop 18 | Clemence | $4,350 | $4,500 | 3.40% |
| Geta | Chevre | $5,800 | $5,950 | 2.50% |
| Evelyne 16 Amazone | Clemence | $1,900 | $2,050 | 7.80% |
| Felt/Swift | $1,775 | |||
| Evelyne III 29 | Maxi Quadrille Strap | $3,900 | ||
| Felt/Swift | $3,329 | |||
| Bolide on Wheels | $15,900 | |||
| Bolide 1923 25 | Epsom | $6,300 | $6,850 | 8.70% |
| Garden Party 49 | Voyage Canvas | $4,400 | ||
| Herbag Zip 31 | Canvas | $2,675 | $2,825 | 5.60% |
| "Circuit 24" | $3,275 | $3,575 | 9.20% | |
| Cabine Criss Viking Canvas | $3,775 | |||
| Verso Officier Canvas | $2,825 | |||
| Verrou 21 | Epsom Canvas Strap | $8,900 | $9,300 | 4.50% |
| Cadenas Clutch | Tadelakt | $6,500 | ||
| Kelly Ado Backpack | Clemence | $9,150 | ||
| Space Malice | $21,400 | $22,700.00 | 6% |
As for the quota bags, the Birkin/Kelly/Constance trifecta — we will update you as the information unfolds. We are also keenly awaiting reports of new exotic US prices, as Europe experienced unprecedented increases of up to 19% on classic styles such as the Birkin and Kelly. How will the US fare?
Prices for Hermès small leather goods have also increased. We will update this chart as prices become available.
| Style | Leather | 2022 ($) | 2023 ($) | % Increase |
| Kelly To Go Wallet Box Leather | Box Leather | $6,150 | $7,600 | 24% |
| Chevre | $4,700 | $5,500 | 17% | |
| Epsom | $4,575 | $5,500 | 20% | |
| Constance Long To Go | Epsom | $5,350 | $5,500 | 2.80% |
| Constance Slim Wallet | Lizard | $4,950 | $5,950 | 20.20% |
| Constance Slim Wallet Epsom | Epsom | $2,675 | $2,875 | 7.50% |
| Budy Charm | Budy Charm | $560 | $580 | 3.60% |
| Rodeo Pegase PM | Lizard Wings | $850 | $920 | 8.20% |
| Calvi Verso Card Holder | Epsom | $405 | $430 | 7.40% |
Updated: February 15th, 2024
Comments
1 Responses to “US Hermès Price Increase 2023 – Here are the New Prices”
Do you have prices on the Kelly 35CM in Togo?