Chanel Price Guide

About Chanel

Coco Chanel gave life to the Chanel Classic Flap Bag in February 1955. It was not the first time that Chanel created a handbag. She already had 25 years of experience. But the new bag was going to be completely different. Chanel wanted to design a bag that would help women go hands-free while carrying, because shoulder bags weren’t famous back then. And she called this handbag the Chanel 2.55 Bag. The bag was named after the day of its creation. The number 2 refers to February and 55 refers to the year 1955. Over the years, the Chanel 2.55 Bag has been redesigned many times until Karl Lagerfeld came. He made a distinction between the 2.55 Bag and the Classic Flap Bag. He recreated the exact 2.55 Bag that Chanel had originally created. Then he proceeded to design another new bag called the Classic Flap Bag. This new Classic Flap Bag is adorned with today’s iconic interlocking CC clasp.

Why is Chanel so expensive?

Chanel is a premium brand with long history. The name alone levitates the prices through the roof. Chanel is also a status symbol in the society, thus carrying a Chanel Bag represents luxury. And not to mention, the craftsmanship, design and leather quality are all included in the expensive prices. The brand itself is in high demand, consumers also love Chanel perfumes, cosmetics and above all the luxury hand bags and wallets. The more demand, the higher the prices go.

Who is Chanel owned by?

Alain Wertheimer and Gerard Wertheimer own the company Chanel at the moment. The company has been handed down from generation to generation because their grandfather Pierre Wertheimer founded the business together with Gabrielle Coco Chanel. Back in the 1920s, Pierre Wertheimer was funding the designer Coco Chanel. He owned 90% of Chanel shares and it was passed down to his son Jacques Wertheimer.

Can you order Chanel online?

Some products are available online, like eyewear, fragrance, makeup, and skincare, but only in certain countries. Most people ask me: ‘Can I order a Chanel bag online?’ but Chanel is not interested in selling their most expensive items online, like Chanel bags, wallets, and other SLGs. It’s also very dangerous to deliver a $5,000 USD handbag to your door because it can easily get stolen. So no, you can’t buy a Chanel bag online. It’s only available in their boutiques.

Is Chanel a beauty brand?

Yes, it is. Chanel offers cosmetics, perfumes and a wide choice of beauty products. But it’s not their core business. The most popular categories of Chanel are fashion, like clothing, shawls, belts and especially handbags and small leather goods

What is Chanel best known for?

Chanel is best known for Chanel bags and the Classic No. 5 perfume. The No. 5 perfume was designed by the founder, Coco Chanel. The Chanel suit is also very popular, but not as much as their handbags.

Is Chanel bags good investment?

Chanel bags are the perfect investment because they can only go up in value. You can sell them as second-hand bags for higher than the retail price if the condition is still good. Chanel Bags get more expensive over time, the main cause is inflation, but also Chanel is trying to limit availability for the general public by raising prices even higher and making it more exclusive. This is happening right now with the Chanel Classic Flap Bag. In the future, there will be long waiting lists like the fashion brand Hermes.