How Much Chanel Bags Have Increased In Price Over the Last 50 Years – StyleCaster

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It’s a given that buying a Chanel bag is going to set you back—by a lot. But you might be surprised by just how much the price of the Chanel Classic Medium Flap Bag has increased over the last 58 y…

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Chriselle Lim wears sunglasses, a black tweed buttoned jacket from Chanel, large silver chain rings, a black shiny leather shoulder bag from Chanel, a black shiny leather fringed short skirt, black shiny varnished leather pointed heels knees boots / high boot, outside Chanel, during Paris Fashion Week - Womenswear F/W 2022-2023, on March 08, 2022 in Paris, France. Get premium, high resolution news photos at getty

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Double-digit prices hikes have reached the fashion industry. Luxury handbag collector Alyssa Lenore, 31, purchased a Chanel classic flap bag in May 2020 for $5,800. Later that month, the price jumped to around $6,300. Similar bags have jumped nearly 63% since 2019, but demand for these items continues. Watch the video to learn what's driving the rise in prices of these luxury handbags, and how it will impact Chanel.

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