New Chanel Price Increase Confirmed

Posted by The Ban Island Team

January 26, 2023

👋Hi everyone, welcome to our members-only edition of Ban Island’s Collection Guide. 

We interrupt your regularly scheduled collection guide with some breaking news:

Chanel price increase is confirmed in US, Canada, and possibly Europe.
Just as we’ve got a good look at the new Chanel 21A collection, colors and prices -- it looks like we're going to be shelling out more money for that 21A Grey Classic Flap Bag (sigh).

With the rumor mill heating up the past week, I’ve checked with multiple of my SAs and unfortunately, they’ve confirmed that yes, it’s happening, and yes, it’s that steep.

Bags reported to be affected? All of our favorite Classics, of course: 
  1. Classic Flap
  2. Chanel 19
  3. Boy Bag
  4. Reissue 2.55

This price increase isn’t subtle, like the usual ones we’ve seen them sneaking in on us. 

Earlier this January, we saw an increase of “only” 3-6% across most styles. This round of price hikes is 10-12.5%. Basically each classic flap is about $1,000 USD more next month.

While the exact prices are still unknown, see the charts below for what the estimates are. (As always, all prices are in USD)


Chanel Classic Flap 




Chanel 19


Chanel Boy Bag




UPGRADE TO VIP and get our answers on Why the price increase? And how the price increase could impact preloved market. 


Want more luxury dirt? Join our Facebook Group. Ask me questions and I’ll humbly offer actionable handbag buying and selling insight and advice. 


👉Check out our latest posts


About Us

Ban Island is a luxury Hermès, Chanel and Dior community offering:
  • Research and collection information on all your favorite bags.
  • A "Have vs. Want" global request matching system, so that serious buyers and sellers can connect with one another, without any fees.
  • An instant visualizer tool that helps you see all the latest colors, and bring your dream bag to life. 
We believe in a world where shopping and researching is FUN!

Follow me on IG @TheBanIsland

Ban Island

Join Ban Island for free to keep reading.

  • Selected insider luxury handbag collection guide
  • Selected Hermes, Chanel and Dior bag color visualizer
  • Global wish-list request tool
JOIN FOR FREE NOW

How it works
Have an account? Login