Among Hermès bags, the Mini Kelly is especially popular and highly coveted. Officially called the Mini Kelly 2 is known for its rarity, it commands high prices on the resale market.
In 2025, appraisal prices can exceed 3 million yen depending on the bag’s condition and material, reflecting its strong value among collectors and investors.
This article provides a detailed overview of the latest retail prices and resale values of the Mini Kelly. Additionally, we carefully explain three key points you should know to get a high appraisal, as well as the differences between selling and consignment.
Whether you're thinking now might be the right time to sell, or you just want to check the current market value, this guide is for you.
Hermès’ Mini Kelly, officially referred to as the Mini Kelly 2, is a mini-sized version of Hermès’ iconic Kelly bag. "With a width of approximately 20 cm, it is extremely compact, yet its high-quality leather and exquisite craftsmanship give it the presence of a 'small jewel'."
Its design includes a shoulder strap, allowing it to be used both as a handbag and a shoulder bag — a versatility that adds to its popularity.
The Mini Kelly is known as one of the most limited-production models among Hermès bags, making it extremely difficult to purchase from Hermès boutiques. Especially for popular colors and materials, it's not unusual for customers to wait years after placing a purchase request.
Due to its rarity, the Mini Kelly is often traded on the secondhand market at prices far exceeding its original retail value. As of 2025, depending on the condition and specifications, some pieces are appraised at over 3 million yen. In recent years, it has gained recognition as a high-value investment piece.
With the growing demand for the Hermès Mini Kelly, it’s no surprise that many people are asking: “What’s the true resale value?” Here, we provide a clear overview of the official retail pricing as of 2025, as well as the most up-to-date buyback prices seen in the pre-owned market.
The official retail price of the Mini Kelly 2 differs by material. Here are the prices as of 2025.
While both are undeniably high-end pieces, it’s common to see them sell on the secondary market for well above retail. In particular, highly sought-after colors and items in pristine condition can fetch more than twice the original price.
A limited number of Mini Kelly bags are crafted from exotic leathers, with crocodile variants being particularly rare and coveted. As of October 2023, the official retail price of a Mini Kelly in Alligator Lisse leather was ¥4,730,000 (including tax).
The official retail price as of 2025 has not been disclosed, but given Hermès’s recent trend of price increases, it is quite possible that it exceeds ¥5,000,000.
Exotic leather Mini Kellys have a very limited distribution and are often made available exclusively to a select group of high-profile customers at official Hermès stores.
As of 2025, the resale price of the Mini Kelly varies significantly due to the following conditions.
※This is a reference based on the market value as of 2025.
The actual purchase price may vary depending on each store’s appraisal criteria, inventory status, timing, and whether accessories are included.
For an accurate quote, please use our free appraisal service via LINE.
The above table represents a sample price range focusing on commonly circulated materials.
Mini Kelly bags crafted from exotic leathers - such as ostrich, lizard, or crocodile - tend to command significantly higher prices. In some cases, depending on condition and market timing, appraisals may exceed several million yen.
Limited-edition colors and special features - such as special orders or Cruise Collection models - also tend to receive premium evaluations.
The rarer the item, the more likely it is to be purchased at a price beyond standard market estimates.
For exceptional Mini Kelly pieces, we highly recommend consulting a specialist Hermes boutique with a distinguished track record in handling rare and exquisite items.
For more details on the resale market value of other Kelly bag sizes (such as Kelly 25, 28, or 32) please refer to the article below.
The Mini Kelly is highly regarded even in the resale market, but small efforts can make a difference of hundreds of thousands of yen in its appraisal value. Here, we introduce three practical tips you can implement to help you sell your Mini Kelly for the highest possible price.
When appraising Hermes products, both the inclusion of accessories and the condition of the bag greatly affect the valuation. In particular, having the following items complete can positively influence the appraisal score.
If the bag has been stored for a long period, even simple care - such as gently wiping the interior and polishing the hardware with a dry cloth - can greatly improve its overall impression.
Appraisal prices are not constant and vary according to timing. Several factors, such as the ones listed below, can affect the final valuation.
Particularly at a time like now, when the Mini Kelly is scarce and market prices are on the rise, it represents a prime opportunity to sell.
At typical resale stores dealing with designer bags, appraisal results may differ depending on the staff conducting the evaluation. For rare items such as the Mini Kelly, we recommend seeking appraisal services at establishments staffed with specialists who possess deep knowledge of Hermès.
For example, at XIAOMA, appraisers with in-depth knowledge of Hermès materials, stamps, and production periods conduct thorough evaluations down to the smallest details. Because they are well-versed in market trends—including fluctuations in the popularity of specific materials and colors—they are able to offer accurate pricing that often leads to higher appraisals.
▶︎Try XIAOMA’s Free LINE Appraisal
If you're considering selling a high-value bag like the Mini Kelly, it's common to wonder whether consignment or selling is the right choice.
Since both options have pros and cons, it's important to evaluate them based on the condition of your bag and your selling priorities.
Especially bags with newer stamps and well-maintained conditions tend to receive favorable offers even via direct selling. If you prefer a quick sale at a guaranteed current price without delay, selling is recommended.
However, it may take some time to sell, so this method is not suitable if you need funds quickly.
※At XIAOMA, we do not charge any consignment fees. Additionally, if you decide to switch to selling after starting consignment sales, there are no cancellation fees, so you can use our service with peace of mind.
The following are suggested ways to sell depending on your circumstances.
For more details about XIAOMA’s consignment sales service, please visit our dedicated page below. Since the service starts with no fees, feel free to check it out first.
▶︎XIAOMA’s Hermès Consignment Sales
XIAOMA offers both consignment and selling services, making it easy to find the option that works best for you.
For example, we can offer a flexible approach such as listing your item on consignment for a certain period, and then switching to selling service if it doesn’t sell.
Our expert appraisers will assess the item’s condition and current market trends to recommend the most suitable selling method.
If you're unsure which option to choose, we encourage you to consult with us.
▶︎Get a free estimate for both consignment and selling via our LINE appraisal service.
To explore the differences in size and design within the Kelly collection, including the Mini Kelly, you may find the following article helpful.
▶︎What Is a Kelly Bag? Features, Size Guide, and How to Choose the Right One for You
Selling a precious and delicate bag like the Mini Kelly means that your choice of seller directly influences not only the appraisal amount but also your confidence in the process.
In this section, we explain why XIAOMA is trusted for Mini Kelly selling and highlight the useful LINE appraisal service you can use before selling.
‘If you just want to know roughly how much your bag is worth’, we recommend using our LINE appraisal service.
XIAOMA’s LINE appraisal service offers the following features:
Getting a preliminary price estimate allows for easier decision-making and comparing prices at different stores.
Appraisers with deep expertise in Hermès meticulously assess every aspect of your bag—including materials, stamps, colors, and condition. Where typical resale shops might miss the finer points, our specialists deliver a precise and professional evaluation only a dedicated Hermès expert can provide.
Our physical boutiques are located in Tokyo (Ginza) and Osaka (Umeda – opening June 2025), offering private appraisal rooms for a discreet and comfortable experience.（International Locations：Hong Kong and Singapore）For customers outside these areas, we provide a secure, insured mail-in service for appraisals and selling.
At XIAOMA, we comprehensively evaluate market trends, inventory levels, and the condition of each bag to recommend the most suitable selling method tailored to every individual customer.
For example, the overall market price for Mini Kelly bags is currently on the rise, with some pieces selling for over 3 million yen depending on their condition and specifications. Considering such market trends, we offer flexible options including consignment sales and timely reappraisals to help you maximize your returns."
If you’re hesitant about selling or unsure whether consignment or direct selling is the better option, please don’t hesitate to contact us for a free consultation.
▶︎Feel free to contact us on LINE for a free consultation.
You can also find detailed information about our appraisal process and XIAOMA’s track record on this page.
Among Hermès bags, the Mini Kelly is especially rare, combining scarcity, popularity, and practicality. In recent years, it has gained attention as an asset-worthy handbag, with some pieces appraised well above their original retail price depending on condition and specifications.
At present, market prices continue to rise. If you’re not planning to use your bag going forward or wish to sell before its value decreases, this is an excellent opportunity to do so.
At XIAOMA, we offer free appraisals via LINE, consultations for consignment sales, and in-person appraisals at our stores.
Why not start by discovering the value of your bag?
You’re welcome to decide whether to sell after seeing the appraisal amount. Please feel free to consult with us anytime.
