Among Hermès’ most prestigious icon bags, the Kelly stands out for its refined elegance and exceptional value. Its timeless allure and investment potential have drawn increasing attention in recent years. However, the retail price of the Kelly can vary significantly depending on the size, material, and model, and as of 2025, prices continue to rise with regular adjustments.
This article presents the “2025 Updated Hermès Kelly Price List” categorized by size and material. We also provide an in-depth look at past price trends, resale market values, and the bag’s long-term investment potential.
Whether you're considering purchasing a Kelly or simply want to understand the current value of your own bag, this guide will be a helpful resource.
The Kelly is more than just a dream item — when chosen wisely, it can serve as a long-lasting asset. Use this guide to help you decide the best time to buy or sell.
By the time you’re reading this article, you probably know the Hermès Kelly has a high price tag.
However, understanding the reasons behind that price will give you deeper insight into the value of the Kelly—and help you make informed decisions when buying or selling.
The high cost of the Hermès Kelly is not simply due to its brand name.
First and foremost, each Kelly bag is a meticulous creation, handcrafted by skilled artisans. It can take dozens of hours to complete a single piece, making it an intricate and labor-intensive product.
The limited supply also contributes to its rarity. Especially when it comes to highly sought-after colors and mini sizes, demand often far exceeds supply. In fact, even purchasing one at retail from a boutique is becoming increasingly difficult.
In recent years, the Kelly has gained further attention as a “bag with investment value.” As retail prices climb, resale values have remained consistently strong, reinforcing the perception of the Kelly as a stable luxury asset. These factors collectively justify its high price and reflect the deeper value it holds.
One important point to note is that Hermès does not publicly disclose Kelly prices on its official website. This is in line with the brand’s policy of selectively withholding prices for certain items. As a result, most pricing information is shared directly in-store or through one-on-one conversations with clients.
Moreover, the Kelly is not an item that’s always available in boutiques. Its availability and the chance to purchase one often depend on your relationship with the store and its inventory situation. For first-time buyers, this can make the purchase process feel somewhat opaque.
Given these circumstances, if you want to get an accurate understanding of Kelly price ranges, it's wise to consult reputable luxury experts or trusted resale platforms with a proven track record.
Here, we’ve compiled the latest 2025 prices for the Hermès Kelly, categorized by size, material, and model.
Whether you're planning your purchase or setting a budget, the detailed pricing provided below will serve as a helpful reference.
Hermès Kelly prices vary depending on size. The most common sizes include Kelly 25, 28, 32, and 35. Naturally, the larger the bag, the more materials are used—resulting in higher prices.
Size isn’t just about aesthetics; it also impacts usability and lifestyle fit. For example, the compact and elegant Kelly 25 has become highly popular in recent years. Due to limited supply and high demand, it often sells for more than retail on the secondary market.
Below is a list of confirmed retail prices by size as of 2025:
*Please note that the prices above are reference figures at the time of publication. Actual prices may vary depending on currency rates, materials, and specifications. For the latest pricing, we recommend checking directly at Hermès boutiques.
Aside from size, the type of leather or material used has a significant impact on the price of a Kelly. While standard leathers like Togo and Epsom are most common, exotic skins such as crocodile or lizard push the price up substantially.
Among exotic skins, Porosus Crocodile sits at the top tier, with prices reaching as high as ¥9,000,000. Even smaller models like the Kelly Pochette or Mini Kelly can command extremely high prices when crafted in exotic materials.
Here’s a rough breakdown of price ranges for the Kelly 25 by material:
Each leather not only affects the price, but also influences the bag's appearance, weight, and durability. When choosing a model, it’s important to consider both aesthetics and how the bag feels in everyday use—not just the price.
▶︎ For a full overview of Hermès materials and their characteristics, see our material guide.
Recently, compact Kelly models like the Kelly Pochette and Mini Kelly (Kelly 20) have drawn particular attention. Their charming proportions and versatile design—easy to dress up or down—make them favorites among Hermès enthusiasts.
The Kelly Pochette, which can be carried like a clutch, is especially popular. In Swift leather, its retail price is ¥941,100 (2024 data). The Mini Kelly, on the other hand, features a shoulder strap and is highly practical. With a retail price ranging from approximately ¥1,600,000 to ¥1,700,000, it remains in exceptionally high demand.
If these models are crafted in exotic leathers such as crocodile, the price quickly jumps to ¥4,000,000 – ¥6,000,000 or more.
Due to their very limited availability in stores, these compact Kelly models are rarely seen on boutique shelves. As a result, they often command premium resale prices in the secondary market.
Over the past few years, the price of the Hermès Kelly has seen notable fluctuations.
In this section, we’ll review the historical price changes and explore the reasons behind the consistent upward trend. Understanding these pricing dynamics can help you make better decisions when timing a purchase or future resale.
Hermès regularly updates its pricing, and the Kelly line has experienced particularly sharp increases in recent years. This is due to a combination of factors, including reassessments of brand value, rising material costs, and currency fluctuations.
Below is a summary of the retail price trends for the popular Kelly 25 in Togo (Retourne) and Epsom (Sellier):
As you can see, Hermès has implemented price increases almost every year. From 2023 to 2025, prices rose by approximately ¥150,000–¥250,000. Notably in 2024, some models saw over 17% increases due to rising material costs and currency impacts.
Given this trend, it’s not uncommon for those who wait to find the Kelly becoming increasingly unaffordable. If you’re considering a purchase, understanding these trends can help you identify the right timing.
Several factors contribute to the annual increase in Hermès Kelly retail prices.
First, there’s the growing global demand. Hermès enjoys worldwide popularity, and its iconic bags—especially the Kelly and the Birkin—are notoriously difficult to obtain. This leads to intense competition for limited inventory across all markets.
Second, exchange rate fluctuations have had a notable impact. As a French brand, Hermès prices in Japan are sensitive to the value of the yen. A weakening yen typically drives up retail prices domestically.
Third, rising costs of raw materials—such as premium leathers and metal hardware—as well as increased expenses to maintain Hermès' artisanal production methods also play a role.
These combined factors have led to regular, almost yearly price adjustments.
Many readers may wonder, “Now that I know the retail price of the Kelly, how much does it actually sell for on the secondhand market?”
In this section, we’ll share insights into pre-owned price ranges, current resale trends, and case studies from consignment sales to help you understand the true resale value of the Hermès Kelly.
Due to the difficulty of purchasing a Kelly brand-new from Hermès boutiques, the resale market for these bags is extremely active. In fact, some popular sizes often command premiums far above their retail prices.
While secondhand prices vary depending on condition, accessories, and the year stamp (date code), here are general resale estimates by size (as of 2025, excluding exotic skins and for bags in good condition):
Prices also fluctuate depending on material and color. For an accurate valuation, a professional appraisal is recommended.
Curious about the current value of your Kelly? Try XIAOMA’s free LINE appraisal service.
▶︎ [Check your Kelly's current value for free (via LINE)] (Link to friend add page)
Resale prices for the Kelly are influenced not only by size and condition, but also by material and color. Popular materials and timeless colors tend to maintain strong demand and command higher appraisals.
Some bags in highly sought-after combinations of size, color, and material may even sell for more than their original retail price—making the Kelly a true investment bag.
If you want to sell your Kelly for the highest possible price, consignment is a recommended option. This method allows you to leave your bag with a reseller, and receive payment only after a buyer is found—often resulting in higher payouts than direct selling offers.
At XIAOMA, we specialize in Hermès and utilize our trusted global network to support successful consignment sales. Here are some examples of past Kelly consignment results:
| Model | Material / Condition | Direct Selling | Consignment | Difference |
| Kelly Pochette | Swift / Brand New | ¥3,000,000 | ¥3,200,000 | +¥200,000 |
| Kelly Doll | Gulliver / Used A | ¥3,500,000 | ¥3,800,000 | +¥300,000 |
*Data based on XIAOMA’s September 2024 sales
*Prices vary depending on condition, accessories, and timing
▶︎ [See more examples of successful consignment sales here]
With consignment, setting the right price and timeline, and choosing the right sales channel is key. At XIAOMA, our Hermès-trained specialists provide thorough support and accurate pricing recommendations tailored to your needs.
If you're not in a rush to sell but are open to exploring your options, feel free to contact us via LINE. We can even simulate potential resale values for you.
▶︎ [Check potential consignment prices for free (LINE appraisal)]
The Birkin and Kelly are two of Hermès’ most iconic handbags. In this section, we’ll compare the two by looking at retail prices, resale values, and overall investment potential to help you decide which may be the better fit for you.
While both the Birkin and Kelly are prestigious staples of the Hermès collection, their retail prices differ depending on model specifications.
Generally, the Birkin tends to be priced slightly higher than the Kelly when comparing the same size and leather. This is largely due to the Birkin’s more complex structure—it features more components, such as double handles and a flap that requires additional craftsmanship.
Example Retail Price Comparison (2025, Togo leather):
| Size | Kelly (Retourne) | Birkin (Retourne) |
| 25 cm | ¥1,859,000 | ¥1,881,000 |
| 28 cm (Kelly) / 30 cm (Birkin) | ¥1,969,000 | ¥2,057,000 |
The Kelly also offers more variations—such as Mini Kelly and Kelly Pochette—which creates a wider price range across the lineup. In contrast, the Birkin tends to have fewer model types, with most price differences driven by material and size.
When choosing between the two, consider not only the appearance and usability, but also their long-term value as an investment.
Both the Birkin and Kelly are highly sought after on the resale market, but each has its own strengths in terms of rarity and resale performance.
In terms of rarity, the Kelly is often considered more difficult to obtain through official Hermès boutiques. Especially for models like the Kelly 25 or Mini Kelly, even long-time clients may wait months or longer without receiving an offer.
The Birkin, on the other hand, has a slightly higher production volume, making it more readily available—particularly on the resale market—for certain sizes and colors.
In terms of resale value, smaller Kelly models such as the Mini Kelly and Kelly Pochette often command significant premiums. When in good condition, these can even sell well above retail.
Birkin bags, by contrast, are generally larger (30 cm or 35 cm being most common), which makes signs of wear more noticeable, and thus condition tends to have a greater impact on resale price.
While both bags carry investment value, recent market trends show that certain Kelly models—particularly compact and rare versions—tend to attract more premium resale prices due to their scarcity and desirability.
Once you’ve familiarized yourself with the Kelly’s retail and resale prices, the next step is knowing when to buy or sell—a key factor that can impact your investment by hundreds of thousands of yen.
In this section, we’ll share tips on choosing and parting with a Kelly wisely, as well as how to approach the bag as a potential long-term asset.
Knowing when to buy or sell your Kelly can make a significant difference—sometimes equivalent to several thousand dollars.
In recent years, with retail prices steadily increasing, the timing of your decision becomes especially important: Should you buy before the next price hike? Or sell when the resale value peaks?
While predicting the perfect moment can be difficult, consulting with a trusted expert is the best way to assess “how much your Kelly is worth right now” or “when to buy for maximum value.”
At XIAOMA, we offer personalized consultations on when to sell based on current market conditions.
▶︎ [Learn more about XIAOMA’s Hermès buying and consignment services]
The Hermès Kelly is increasingly seen as more than just a fashion statement—it’s also gaining traction as a luxury asset. In particular, new or unused Kelly bags in popular sizes, colors, and materials often sell for above retail, especially after official price increases.
For example, the classic Kelly 25 in Togo leather has seen its retail price rise by more than ¥400,000 over the past few years. It’s not unusual for gently used pieces in excellent condition to fetch higher than retail in the secondhand market.
Thanks to the growing maturity of the resale ecosystem, sellers now have more options than ever:
Of course, not every Kelly will appreciate in value. But with the right care and thoughtful selection, a Kelly can become a value-retaining item—even while simply sitting in your closet.
From a “bag to use” to a “bag to preserve,” the Kelly perfectly aligns with today’s evolving luxury mindset. For those seeking a high-end piece that offers both elegance and financial security, the Kelly remains one of the most compelling choices available.
Throughout this article, we’ve explored the 2025 updated retail prices of the Hermès Kelly, including variations by model and material, historical price trends, resale market insights, and overall investment potential.
The Kelly is more than just a luxury handbag—it can be an asset when chosen wisely. That’s why understanding how much it could sell for now, or how its value may grow in the future, is essential for protecting and managing your luxury investment.
Whether you’ve found a model that interests you or simply want to understand the current value of a Kelly you already own, XIAOMA is here to help.
▶︎ [Check your Kelly’s current value for free via LINE appraisal]
▶︎ [Considering consignment? Our Hermès specialists offer full support]
▶︎ [Learn more about the Kelly’s history and design features in this article]
