The first Chanel price increase 2023 hit in March 2023 – hold on to your purses it’s a big one! One of the common love-hate occurrences that luxury lovers have to grin and bear, Chanel shows no signs of slowing down the frequency of its colossal price increases anytime soon. The first Chanel price increase of 2023 has just hit and below are the before and after prices.
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Why Chanel Increase their Prices
Chanel is a luxury brand that regularly increases its prices on key, classic items and beyond to maintain prestige, not-very-obtainable perception. To own a piece of Chanel is therefore a total indulgence in luxury, a gorgeous piece that’ll often travel through time with you, never looking out of place. Interestingly, it seems Chanel is on a mission to raise its brand perception through price, not only can you expect 2-3 increases a year (with some sneaky ones in between), but we are also learning they can be BIG increases often at over 10%.
The benefit of Chanel increasing their prices are clear – Chanel bags generally hold their value well, and it can mean a piece that you purchased years ago could now be worth more than what you paid for it. These bags are often seen as investment pieces, not just throw-away fashion pieces that over time will lose their value and that’s part of the appeal and justification for many to take the plunge and purchase.
If you want to take a look at all the price increases on Chanel bags in 2022, check them out here.
Chanel Price Increase March 2023
Find out which Chanel bags were affected by the Chanel price increase of March 2023. The effect has been felt across the entire range of Chanel and classics continue to rise incredibly rapidly.
| Image | Bag Style | Original Price £ | March New Price £ | £ Difference | % Increase |
 | Mini Chanel Boy Bag (NEW 2022) | £3780 | £4490 | £710 | 17% |
 | Small Chanel Boy | £4570 | £5060 | £490 | 10% |
 | Medium Chanel Boy | £4950 | £5580 | £630 | 12% |
 | Large Chanel Boy | £5200 | £5890 | £690 | 12% |
 | Maxi Classic Flap | £7935 | £ | £ | % |
 | Large Classic Flap | £8140 | £ | £ | % |
 | Classic Flap | £7550 | £8530 | £980 | 12% |
 | Small Classic Flap Bag | £7090 | £8180 | £1090 | 14% |
 | Mini Flap | £3650 | £3960 | £310 | 8% |
 | Mini 2.55 (NEW 2022) | £3650 | £4130 | £480 | 12% |
 | 2.55 Handbag | £7550 | £8530 | £980 | 12% |
 | Large 2.55 | £8140 | £ | £ | % |
 | Maxi 2.55 | £7935 | £ | £ | % |
 | Trendy CC Top Handle Small | £5120 | £5800 | £680 | 12% |
 | Small Top Handle Flap Bag | £3350 | unknown | £ | % |
 | LargeTop Handle Flap Bag | £3620 | unknown | £ | % |
 | Maxi Top Handle Flap Bag | £3940 | unknown | £ | % |
 | 19 Flap Bag | £4740 | £5360 | £620 | 12% |
 | 19 Large Flap Bag | £5200 | £5890 | £690 | 12% |
 | 19 Maxi Flap Bag | £5710 | £6460 | £750 | 12% |
 | Business Affinity Mini (old small) | £3400 | unknown | £- | % |
 | Business Affinity Small (old medium) | £3510 | unknown | £- | % |
 | Business Affinity Large | – | unknown | £- | % |
 | Shopping Tote / Deauville | £3420 | £4310 | £890 | 23% |
 | Wallet on Chain | £2470 | unknown | £ | % |
 | BOY Wallet on Chain | £2220 | £2520 | £300 | 13% |
 | Chanel 19 Wallet on Chain | £2940 | unknown | £ | % |
 | Small Chanel 22 Bag | £4280 | £4840 | £560 | 12% |
 | Medium Chanel 22 Bag | £4490 | £5100 | £610 | 13% |
 | Large Chanel 22 Bag | £4870 | £5500 | £630 | 12% |
Chanel Price Increase US $ – March 2023
Below is a list of the before and after prices in the US market in dollars, $ after the March 2023 Chanel bag price increase.
| Image | Bag Style | Original Price $ | Aug New Price $ | $ Difference | % Difference |
| Mini Chanel Boy Bag (NEW 2022) | $4500 | $5900 | $1400 | 23% |
| Small Chanel Boy | $5400 | $6100 | $700 | 12% |
| Medium Chanel Boy | $5900 | $6600 | $700 | 11% |
| Large Chanel Boy | $6200 | $7000 | $800 | 12% |
| Maxi Classic Flap | $10000 | price on request | $ | % |
| Large Classic Flap | $9500 | $11000 | $1500 | 16% |
| Classic Flap | $8800 | $10200 | $1400 | 16% |
| Small Classic Flap Bag | $8200 | $9600 | $1400 | 17% |
| Mini Flap | $4400 | $4900 | $500 | 0% |
| Mini 2.55 (NEW 2022) | $4400 | $4900 | $500 | 11% |
| 2.55 Handbag | $8800 | $10200 | $1400 | 16% |
| Large 2.55 | $9500 | $11000 | $1500 | 16% |
| Maxi 2.55 | $10000 | $ | $ | 0% |
| Chanel Trendy CC | $6100 | $6900 | $800 | % |
| Small Top Handle Flap Bag | $4200 | unknown | – | – |
| Medium Top Handle Flap Bag | $4500 | unknown | – | – |
| Large Top Handle Flap Bag | $4900 | unknown | – | – |
| 19 Flap Bag | $5700 | $6400 | $700 | 12% |
| 19 Large Flap Bag | $6300 | $7100 | $800 | 12% |
| 19 Maxi Flap Bag | $6900 | $7700 | $800 | 12% |
| Business Affinity Mini (old small) | $ | unknown | – | – |
| Business Affinity Small (old medium) | $ | unknown | – | – |
| Business Affinity Large | $ | unknown | – | – |
| Shopping Tote / Deauville | $3900 | $5100 | $1200 | 27% |
 | Wallet on Chain | $2950 | $3350 | $400 | 13% |
| Boy Wallet on Chain | $3000 | $3425 | $425 | 13% |
| Chanel 19 Wallet on Chain | $3650 | unknown | – | – |
| Chanel 22 Small | $5100 | $5500 | $400 | 8% |
| Chanel 22 Bag | $5300 | $5800 | $500 | 9% |
| Chanel 22 Large | $5800 | $6300 | $500 | 8% |
Summary of Chanel 2023 Price Increases
In summary, the price increase for Chanel on 2nd March 2023 was mostly focused again on the ‘classics’ and included the classic flap and 2.55 reissue, it also hit popular trendy styles of bag including the Boy, Chanel 19, Chanel 22 and Trendy CC.
How often does Chanel increase their prices?
In more recent years, Chanel has increased their prices two to three times a year. The rises are becoming more frequent as economic factors are driving up costs of production, but also demand has grown over the years. In order to remain a premium luxury brand, Chanel is now much more regularly increasing their designer bag prices.
You can pick up older styles, sizes, and colorways with a good discount on RRP if you know where to shop. We generally purchase our used Chanel stock on eBay, always buy from a seller with great feedback, and ALWAYS get your bag an Authentication Certificate when it arrives for peace of mind that your pre-loved Chanel bag is real.
How to Beat the Chanel Price Increase
The only way to beat the Chanel increase is to buy your new Chanel bag as soon as possible from a Chanel boutique. Prices will never be reduced or styles sold in a sale, so you can guarantee that the price you see today is the cheapest you can purchase the bag for.
The other way is to purchase a Chanel bag pre-loved (most are so well looked after they’re like new!), from a marketplace like eBay or Vestaire Collective. If you are purchasing pre-loved make sure you’re buying from a reputable seller with lots of good feedback.
Personally, we feel that the pre-loved market is the way forward. It’s exciting and you can make HUGE savings on Chanel retail prices.
If you want to know WHY Chanel bags are SO expensive, find out the REAL REASON in this blog here.