Luxury Handbag Vuitton (2019-2024)

Since the onset of the pandemic, everyday costs have climbed, and designer handbags are no exception. This analysis tracks the price evolution of iconic bags from Louis Vuitton, Chanel, and Hermès over five years, revealing startling increases that may reshape your view of luxury investments.

Why 2019-2024?

The period from 2019 to 2024 marks a significant surge in prices, both in housing and consumer goods. A Federal Reserve study noted a trillion rise in owner-occupied housing wealth from early pandemic days to 2022. Similarly, a 0,000 home in 1991 was worth 1,190 by April 2021, per USA Facts. CBS News reported persistent increases in rents and home sales compared to pre-pandemic years, underscoring broad inflationary trends.

US Inflation Rates (2019-2023)

2019: 1.8%
2020: 1.2%
2021: 4.7%
2022: 8.0%
2023: 4.1%

Cumulative inflation over these six years stands at 21%, meaning a ,000 item in 2019 would cost about ,212.30 in 2024. Now, let's see how the top luxury houses adjusted prices for their most coveted models.

Hermès Birkin 30 (Togo Leather)

In 2019, the Birkin 30 in Togo leather retailed at ,900. Hermès held prices steady during 2020-2021, but early 2024 saw a 7.7% hike, bringing the price to ,500. Over six years, that's a 14.5% increase—modest compared to inflation, yet still notable.

2019: ,900
2020: ,000 (+0.9%)
2021: ,000 (0%)
2022: ,300 (+2.7%)
2023: ,600 (+2.6%)
2024: ,500 (+7.7%)

Louis Vuitton Neverfull

The Neverfull, introduced in 2007, has become a staple. Its price jumped from ,390 in 2019 to ,030 today—a 46% increase, far outpacing inflation. Interestingly, LVMH became the first European company to hit a 0 billion valuation in April 2023, though the connection remains speculative.

Chanel Classic Flap Bag (Medium)

Chanel Classic Flap medium price history 2019-2024

Chanel's price escalation is staggering. The Classic Flap was ,800 in 2019, then Chanel implemented three increases in 2021 alone, pushing it to ,800. Today, it sits at ,800—an 86% surge, positioning it firmly in Hermès territory.

Conclusion

These price hikes make pre-owned luxury an attractive alternative, as resale values have not climbed as steeply. For those considering a secondhand Hermès, ensure authenticity through professional services with decades of expertise.