The In the Loop is a distinctive Hermès model featuring a handle inspired by the Chaîne d'Ancre motif and the refined texture of luxurious leather—making it a standout favorite in the Hermès lineup.
On the other hand, some owners have shared that they found themselves using the bag less than expected or that the size and style didn’t quite fit their lifestyle.
Nevertheless, in recent years, In the Loop has regained attention in the secondhand market. Depending on the color and condition, some models are resold at over 80% of their original retail price.
In this guide, we’ll explain the market trends by size, popular variations, and key tips for raising your appraisal value—all in a way that's easy to understand even for those selling for the first time.
Even if you’re just looking to "find out what it’s worth right now," this article will provide helpful insights.
In recent years, Hermès’ In the Loop has been steadily gaining traction in the domestic and international resale markets.
Unlike the classic Birkin or Kelly, this model offers a more unique silhouette—appealing to buyers looking for a more distinctive Hermès bag. This growing demand has helped push up its resale value.
Here’s a closer look at why In the Loop tends to achieve higher appraisals.
Although In the Loop is a relatively recent addition to Hermès’ offerings, production volume is low, and units are scarce—even in Hermès boutiques.
The 23 size, in particular, tends to be harder to find depending on region and season, leading to its premium status.
As a result, resale buyers who find one in good condition often act quickly, and this urgency directly influences the appraisal.
In the resale market, the most sought-after configurations include:
In the Loop size 23 × Etoupe color × Silver hardware—a classic combo.
The 23 size is praised for its ideal balance of compactness and storage capacity, making it a great everyday option with steady demand.
Other core colors such as Gold and Black also tend to be appraised more favorably. Depending on the color and hardware combination, appraisals can vary by tens of thousands of yen.
The In the Loop is also catching the attention of customers moving on from other popular Hermès bags like the Picotin or Lindy.
Its appeal lies in its balance of individuality and functionality—with a design that’s “less common” but not overly formal—making it a popular choice for second or third Hermès bags.
Given this context, the model continues to see stable demand in the resale market and tends to maintain a strong resale value.
Hermès’ In the Loop continues to see steady demand in 2025, and depending on the color and condition, resale prices can exceed 80% of the original retail price.
In particular, popular specifications such as size 23 and colors like Etoupe and Nata tend to be appraised higher, and there has been an increase in requests for evaluations in good condition.
Below is an overview of the 2025 retail prices and the estimated resale values by size and condition.
Note: Prices above are reference values as of 2025. Appraisal may vary depending on date stamp, accessories, color, and hardware.
Note: Prices above are reference values as of 2025. Appraisal may vary depending on date stamp, accessories, color, and hardware.
The In the Loop 23 commands a higher retail price and is a practical size for everyday use, leading to strong resale demand. Due to its low circulation, well-maintained units tend to hold their value.
In the In the Loop series, the following colors tend to significantly impact appraisal values:
The color alone can result in a price difference of ¥50,000 to ¥100,000. Hardware combinations (silver/gold) and newer date stamps also contribute to higher appraisals.
Hermès’ In the Loop remains a popular item in the secondhand market. However, just a bit of preparation or the right timing can make a difference of tens of thousands of yen in your final appraisal.
Here, we’ve summarized key points to keep in mind if you want to sell your bag at the highest possible price.
The following elements are closely examined during appraisals. Be sure to check them in advance:
In the resale market, pricing can fluctuate depending on current inventory levels or spikes in demand for specific colors.
In particular, In the Loop bags have limited circulation, and during times of low stock, many stores actively boost their purchase prices. Additionally, seasonal demand exists—for example, light colors like Nata are popular in spring/summer, while Gold tones are favored in autumn/winter.
If you’re thinking, “Maybe I’ll sell it someday,” now might be the perfect time to at least get a valuation.
When using online services such as LINE appraisal, the quality of the photos can directly affect your quote.
Also, providing extra info like when and where you purchased the item, or how it was used, can help streamline the process and reduce the risk of undervaluation.
Hermès’ In the Loop continues to be in high demand on the secondary market, making both “resale for immediate cash” and “consignment for a potentially higher return” viable options.
However, the ideal selling method depends on your personal preferences and circumstances.
Here, we outline the key features of each method and suggest which may be better suited for different types of sellers.
If you want to turn your bag into cash quickly or prefer a hassle-free transaction, resale via in-store or mail-in services may be your best option.
Pros
Cons
If your goal is to “sell at the highest price possible” and you don’t mind waiting, consignment might be the better choice.
At XIAOMA, consignment listings are typically priced higher than standard resale, allowing you to potentially receive a larger payout once the item sells.
With direct access to both domestic clients and affluent overseas buyers, we help you sell your valuable items with care.
Pros
Cons
▶︎ XIAOMA’s consignment service is free of charge. Learn more here.
At XIAOMA, we provide both resale and consignment appraisals so you can compare and decide what’s best for you.
If you’re unsure, start with a LINE appraisal and we can help you determine the most suitable option.
▶︎ Start your LINE Appraisal today
At XIAOMA, a trusted Hermès specialty store with over 4,400 items handled annually※, we provide careful, expert evaluations even for rare models like In the Loop.
If you’re feeling unsure about your first resale or curious about consignment, we offer a smooth and reassuring experience tailored to your needs.
※ Based on total items appraised between January 1, 2024 and December 31, 2024.
At XIAOMA, we offer a convenient LINE appraisal service that can be accessed easily from your smartphone.
This free service is ideal for anyone who wants to “get a quick estimate of market value.”
Steps for LINE Appraisal:
※ You can use this service anonymously, and cancel anytime without fees. Feel free to reach out casually.
XIAOMA’s team includes professionals with over 30 years of experience who are deeply knowledgeable in Hermès materials, date stamps, colors, and configurations.
Subtle differences—like hardware type or date stamp—can lead to a price difference of tens of thousands of yen. Our experts, with their Hermès-specific insight, can evaluate these details accurately.
We combine current market trends and sales data to offer pricing that is both appropriate and satisfying.
With flagship locations in Ginza, Tokyo and Umeda, Osaka, as well as partnerships with overseas branches in Hong Kong and Singapore, XIAOMA maintains a global sales network.
For rare Hermès items with limited availability, demand from affluent international buyers is especially strong. Our global access allows us to reflect up-to-date demand trends in every appraisal.
Additionally, for consignment sales, our wide customer base makes it easier to sell items at your preferred price.
“If I ever decide to part with it… but I’m not sure yet”—if this sounds like you, we highly recommend first finding out the current market value of your In the Loop.
Especially for rare models like Hermès' In the Loop, which have limited availability and fluctuating market value, understanding its worth while it's still in good condition can offer valuable insight when making future decisions.
Resale prices are influenced by factors such as currency exchange rates, Hermès retail price changes, and market availability.
These variables can cause price fluctuations of tens or even hundreds of thousands of yen.
It's not uncommon for someone to think, “I’ll sell it later,” only to find that just one year’s difference in the date stamp has reduced the appraisal value.
At XIAOMA, you can receive a free, anonymous appraisal by simply sending photos through LINE.
We’re also happy to accommodate requests like “I just want to know the current price,” or “Please provide both resale and consignment estimates.”
You’re welcome to take your time deciding whether to sell after seeing the quote. There are no fees or obligations for canceling after the appraisal.
Think of an appraisal not as a commitment to sell, but as a step toward gathering information for the future.
Understanding your bag’s value now will help you make confident decisions when your lifestyle changes or when considering asset management later on.
▶︎ Try XIAOMA's LINE Appraisal Now
Here are answers to frequently asked questions from people considering selling their In the Loop.
If you have concerns before requesting an appraisal, these may help.
A Hermès-specialized resale shop will be able to accurately assess model popularity, color, date stamps, and materials—leading to a fair appraisal that reflects true market value.
At XIAOMA, we utilize our sales network in Ginza, Umeda, and overseas to reflect real-time demand in our pricing.
Yes, that’s true. Etoupe is one of Hermès' classic and most popular colors, and it maintains strong demand in the resale market.
For In the Loop specifically, configurations like Etoupe × silver hardware can often receive appraisal bonuses worth tens of thousands of yen.
At XIAOMA, we not only sell through our domestic stores but also have direct access to customers in Hong Kong, Singapore, and other overseas locations—allowing us to sell across all Hermès categories, sometimes on the same day※.
Depending on the model and color, it may take time to complete the sale, but you can always switch to resale at any time without fees or cancellation charges.
※ Based on sales data from May to July 2024
Absolutely.
XIAOMA’s LINE Appraisal is completely free, allows for anonymous use, and has no cancellation fees. Many of our clients use it simply to “check the current value.”
So feel free to try it out anytime.
