Wholesale Blog

Confirmed: Chanel Classic Flap Bag Price Increase 2022

In another unsurprising move in the world of designer retail, Chanel will raise the prices on the Chanel Classic Flap bag tomorrow, March 3, 2022.

Mary Zubritsky

In another unsurprising move in the world of designer retail, Chanel will globally raise the prices on the Chanel Classic Flap bag tomorrow, March 3, 2022. As you surely remember, Chanel’s previous price hike on January 13, 2022, included the Chanel Coco Handle, Business Affinity, and more. And while last time everyone breathed a sigh of relief knowing the Classic Flap and the 19 were spared, this time the Chanel Classic Flap bag is the target of the raise (and maybe the WOC and the 19 too).

While we’re still waiting on exact details, we there are rumors that the price increase will be somewhere between 5% - 6.5% for the classics, which adds up to about $500 per bag, and there may be more added to the list too. And since Chanel’s is aiming for global price harmonization, increases will happen around the world.

As of now, this is what we’re hearing:

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IS CHANEL WORTH IT?

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This price increase may leave consumers scratching their heads, wondering if Chanel bags are even worth it anymore. The answer to that question may be personal based on budget, level of obsession, the shopper’s location, their social circles, and more, but as resellers we know Chanel, as one of the world’s oldest and most sought-after luxury brands, will always be worth the price. Now if they raise the prices up to $15,000 per Jumbo Classic Flap bag, we might need to talk.

Many aficionados claim the quality of Chanel bags has decreased drastically since the early 2000s, and we can see why this may be true and cause shoppers to consider vintage Chanel. Some vintage Chanel bags were made of even better-quality materials than today, with real 24K gold hardware on many bags produced before 2008. Nowadays it’s just gold-tone hardware. Plus, sometimes the stitching is uneven, the lambskin is dented, and the flimsiness of the materials can cause it to lose shape much more quickly. Meanwhile, the newer bags aren’t quite as structured (especially if you’re considering the Chanel 19) and the silhouette isn’t as upright as older bags, but that won’t stop the Chanel obsessed from snatching up even more of their beloved bags.

After all, since the pandemic occurred, the price of a Chanel Classic Flap bag has increased about 50% a piece and they’re showing no signs of slowing down. So, you better stock up now before prices rise again!

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