Handbagcomment.com"> clock menu more-arrow no yes

Filed under:

It's Official: Chanel Is Now Even More Expensive

New, 5 comments
Image via <a href="http://handbagcomment.com/designer-handbags/chanel-handbags/comparison-between-chanel-classic-flap-bag-vs-reissue-255.html">Handbagcomment.com</a>
Image via Handbagcomment.com

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Last month, Madison Avenue Spy gave us fair warning and predicted that Chanel would raise prices from 20% to 30% on August 1 and she was indeed correct. Chanel is now even more unattainable than ever. A sampling of the hike:

Medium Classic: formerly $2600, now $3400
Jumbo Classic: formerly $2995, now $3795
Jumbo Reissue: formerly $3600, now $4200
It's not just the bags, either. The basic ballerina flat is now $685, from $585 and some flats are priced up to $895. Saks Fifth Avenue, Bergdorf Goodman, Bloomingdales and Chanel itself have already updated their instore prices. Nordstrom seems to be the only holdout so far, but for a few days only. Now is as good of a time as any to empty out the savings account.
· Luxury Watch [Racked]
· Confirmed: Chanel Raises Prices 20% to 30% [Madison Avenue Spy]

Bergdorf Goodman

754 5th Avenue, Manhattan, NY 10019 (212) 753-7300 Visit Website

Saks Fifth Avenue

611 5th Avenue, Manhattan, NY 10022 (212) 753-4000 Visit Website

Chanel

15 E. 57th Street, New York, NY