INTRODUCTION

When most people think of Hermès investment bags, the conversation stops at two names: Birkin and Kelly. While these quota bags dominate headlines, they represent only a small fraction of Hermès’ true investment ecosystem.

Experienced collectors understand a different reality. Hermès produces a wide range of non-quota models that quietly outperform expectations on the secondary market, often with lower entry prices, stronger liquidity, and more consistent appreciation over time.

These overlooked Hermès bags share common traits:

• Lower retail barriers and easier acquisition

• Rising resale demand across global markets

• Strong performance in neutral colours and durable leathers

• Limited or irregular production cycles

• Growing interest from younger and international collectors

Yet because they lack mainstream hype, many of these models remain undervalued relative to their craftsmanship and resale performance.

This guide identifies the 20 most underrated Hermès bags that represent genuinely smart investment opportunities heading into 2026. Each selection is informed by resale market behaviour, auction activity, collector preferences, material performance, and long-term pricing trends.

For every bag, you’ll find:

• Best-performing sizes

• Leathers with the strongest value retention

• Colour recommendations for resale

• Typical global resale value ranges

• A clear investment verdict based on demand and scarcity

If you are looking beyond quota bags and want to understand where real, sustainable Hermès value exists, this is where to start.

BAG 1 — HERMÈS PICOTIN LOCK 18 & 22

Why It’s Underrated

The Hermès Picotin is often dismissed as a casual or entry-level bag, which has led many buyers to underestimate its resale and long-term performance. This perception persists despite the Picotin’s strong construction, timeless design, and increasing demand in key markets.

Because it is not a quota bag and lacks overt branding, the Picotin has historically flown under the radar, particularly among first-time Hermès buyers focused on status rather than market fundamentals.

Why It’s a Smart Investment

In reality, the Picotin has shown steady and measurable price growth over the past six years. The Picotin 18 in particular frequently sells above retail on the global resale market, especially in neutral colours.

Key investment drivers include:

• Consistent demand from minimalist and younger buyers

• Low retail price relative to craftsmanship

• Strong performance in classic colours

• Broad international appeal

As collectors shift toward quieter, functional luxury, the Picotin continues to gain traction without the volatility seen in trend-driven models.

Best Sizes for Resale

• Picotin 18 (TPM) → strongest and fastest resale

• Picotin 22 (PM) → stable demand, excellent for everyday use

Best Leathers for Value Retention

• Clemence → signature look, relaxed yet durable

• Epsom → rarer, holds structure exceptionally well

Best Colours for ROI

• Gold

• Black

• Etoupe

• Rose Sakura

• Lime (notable seasonal spikes)

Typical Resale Value (2025–2026)

€2,700 – €3,800, depending on colour, leather, and hardware

Investment Verdict

9 / 10: Low entry price, strong global demand, and timeless design make the Picotin one of the most reliable non-quota Hermès investment bags.

BAG 2 — HERMÈS EVELYNE III (TPM & PM)

Why It’s Underrated

The Hermès Evelyne is frequently categorised as a casual or “starter” bag, which keeps serious investment discussions focused elsewhere. Because it lacks top-handle formality and overt structure, many buyers overlook its performance on the secondary market.

This perception ignores one critical fact: the Evelyne TPM is one of the fastest-selling Hermès bags globally, with demand driven by functionality, comfort, and modern lifestyle preferences.

Why It’s a Smart Investment

The Evelyne III TPM consistently sells above or near retail on the resale market, particularly in neutral colours. Its original boutique price is relatively low, which creates a strong margin between retail and resale — a key factor in long-term investment performance.

Additional investment drivers include:

• Strong crossbody demand that transcends trends

• Extremely broad buyer base across age groups

• High daily usability without sacrificing brand recognition

• Stable pricing even during market corrections

Unlike trend-led bags, the Evelyne’s appeal is rooted in practicality, making its resale performance resilient.

Best Sizes

• TPM (Mini Evelyn) → strongest appreciation and fastest turnover

• PM → stable resale with consistent demand

Best Leathers

• Clemence → signature Hermès look, relaxed but durable

• Taurillon leather versions → higher durability, increasingly sought after

Best Colours for ROI

• Black (always sells)

• Gold

• Etoupe

• Rouge H

• Jaune Ambre

Neutral colours dominate resale, while heritage reds perform strongly among collectors.

Resale Value

• TPM: €2,000–€3,200

• PM: €2,300–€3,000

Condition, strap wear, and colour play a significant role within these ranges.

Investment Verdict: 8.5/10

Low retail price, fast resale velocity, and enduring crossbody demand make the Evelyne III TPM one of the most reliable non-quota Hermès investments.

BAG 3 — HERMÈS JYPSIÈRE MINI & 28

Why It’s Underrated

For years, the Hermès Jypsière was associated primarily with its larger sizes, which limited its appeal among collectors seeking compact, modern silhouettes. As a result, the Mini Jypsière remained overlooked for much longer than comparable crossbody models.

This delayed recognition created a valuation gap that is now rapidly closing as collectors reassess the model’s versatility and design lineage.

Why It’s a Smart Investment

The Mini Jypsière benefits directly from two powerful trends: the continued dominance of crossbody bags and the demand for structured yet casual Hermès designs. Its silhouette references the Birkin family, but without quota restrictions, making it significantly more accessible.

Key investment drivers include:

• Rising demand for mini crossbody formats

• Strong appeal among younger and urban collectors

• Increasing prices for rare colours and earlier production years

• Limited availability compared to mainstream Hermès models

As awareness grows, resale prices for the Mini Jypsière have accelerated noticeably.

Best Sizes

• Mini Jypsière → strongest and fastest appreciation

• Jypsière 28 → classic proportions with stable demand

Best Leathers for Value Retention

• Togo → structured yet supple, excellent durability

• Clemence → softer drape with strong collector following

• Swift → rarer, lighter feel, increasingly collectible

Best Colours for ROI

• Vert Criquet

• Jaune Citron

• Anemone

• Craie

• Black

Seasonal brights perform particularly well in mini sizes due to scarcity.

Resale Value

• Mini: €4,000–€6,500

• 28: €3,000–€4,500

Prices vary significantly based on colour rarity and leather choice.

Investment Verdict: 8/10

A crossbody silhouette combined with Hermès craftsmanship and limited supply makes the Jypsière Mini a strong performer with continued upside.

BAG 4 — HERMÈS BOLIDE 27 & 31

Why It’s Underrated

The Hermès Bolide is one of the house’s most historically important bags, yet it remains significantly undervalued in the modern resale market. Designed in 1923 as one of the first zippered handbags in luxury history, the Bolide prioritises function and craftsmanship over trend visibility.

Because it lacks the hype associated with Birkin and Kelly, many buyers overlook the Bolide, despite its comparable construction quality and heritage significance.

Why It’s a Smart Investment

The Bolide benefits from extremely low production volume relative to demand, particularly in smaller sizes. As collectors increasingly value heritage pieces and understated luxury, interest in the Bolide has grown steadily.

Investment drivers include:

• Nearly a century of design heritage

• Strong demand for structured top-handle bags

• Limited production compared to mainstream Hermès models

• Significant price gap relative to craftsmanship

As awareness increases, resale prices are gradually correcting upward.

Best Sizes for Resale

• Bolide 27 → modern proportions, rising popularity

• Bolide 31 → classic size, strong professional appeal

Best Leathers for Value Retention

• Epsom → excellent structure, highly durable

• Clemence → softer, relaxed look with strong demand

• Evergrain → rare, refined texture, increasingly collectible

Best Colours for ROI

• Black

• Rouge Vif

• Etoupe

• Trench

• Gold

Neutral and heritage colours consistently outperform seasonal shades.

Typical Resale Value (2025–2026)

€3,000 – €5,000, depending on leather, year, and condition

Smaller sizes and structured leathers sit at the top of this range.

Investment Verdict: 8/10

An underappreciated heritage icon with strong fundamentals and long-term appreciation potential.

BAG 5 — HERMÈS TRIM 31 & 35

Why It’s Underrated

The Hermès Trim is a quiet icon with deep roots in the house’s history. Popular from the 1970s through the 1990s, it later fell out of mainstream attention as trends shifted toward more overtly structured or logo-forward designs. This lack of hype has kept prices artificially low relative to quality.

Because the Trim does not fit the stereotypical “it-bag” narrative, many modern buyers overlook it, creating a classic investment sleeper scenario.

Why It’s a Smart Investment

The Trim has experienced a notable resale resurgence over the past five years, driven by renewed interest in vintage silhouettes and crossbody functionality. As collectors re-evaluate archival Hermès designs, the Trim’s understated elegance and practicality have become major advantages.

Key investment drivers include:

• Significant resale price growth over the last five years

• Very limited boutique availability

• Crossbody format aligned with modern lifestyle needs

• Strong appeal among vintage-focused collectors

As supply remains limited, well-preserved examples continue to appreciate steadily. 

Best Sizes for Resale

• Trim 31 → strongest resale performance and liquidity

• Trim 35 → classic proportions with stable demand

Best Leathers for Value Retention

• Clemence → durable, relaxed texture with broad appeal

• Box Calf → highly collectible, especially in vintage pieces

• Swift → lighter, softer, and increasingly sought after

Best Colours for ROI

• Gold

• Black

• Chocolate

• Vert Olive

Heritage neutrals perform best, particularly in Box Calf.

Typical Resale Value (2025–2026)

€2,000 – €3,500, depending on leather, condition, and production era

Vintage Box Calf examples often sit at the higher end of this range.

Investment Verdict: 7.8/10

A vintage renaissance combined with everyday practicality makes the Trim a strong long-term performer with continued upside.

BAG 6 — HERMÈS HERBAG ZIP 31 & 39

Why It’s Underrated

The Hermès Herbag is frequently overshadowed by the Kelly due to its similar silhouette, leading many buyers to dismiss it as a secondary or “budget” alternative. This perception has kept the Herbag out of serious investment conversations for years.

What many overlook is that Herbag Zip models (introduced post-2009) represent a materially different product from earlier versions, with improved construction, usability, and resale performance.

Why It’s a Smart Investment

The Herbag Zip benefits from a combination of accessibility and versatility that is increasingly attractive to modern buyers. Its Kelly-adjacent design, paired with a detachable strap and durable materials, has driven consistent resale demand, particularly among younger collectors.

Key investment drivers include:

• Clear performance gap between Zip and pre-Zip versions

• Rising prices over the past five years

• Strong appeal as a functional everyday Hermès bag

• Lower entry price with reliable resale liquidity

As buyers become more educated, the market continues to reprice the Herbag upward.

Best Sizes for Resale

• Herbag Zip 31 → strongest resale and fastest turnover

• Herbag Zip 39 → growing demand as a travel and work bag

Best Material Combinations for Value Retention

• Canvas + Vache Hunter

• Canvas + Box-derived leathers (rarer, more collectible)

Condition and leather integrity play a significant role in resale outcomes.

Best Colours for ROI

• Noir

• Beige/Écru

• Etoupe

• Navy

• Seasonal bicolour combinations

Neutral tones dominate resale, while well-executed bicolours can outperform expectations.

Resale Value

€1,800–€3,200, depending on year, condition, and material combination

Zip models consistently command a premium over earlier versions

Investment Verdict: 8/10

A Kelly-adjacent silhouette with strong functionality, rising prices, and excellent accessibility makes the Herbag Zip a smart non-quota investment.

BAG 7 — HERMÈS GARDEN PARTY (TPM, 30, 36)

Why It’s Underrated

The Hermès Garden Party is often perceived as too simple to be an investment bag. Its understated design and lack of overt branding cause many buyers to overlook it in favour of more recognisable silhouettes.

This perception ignores a key shift in the luxury market: the rise of quiet luxury and highly functional, minimalist totes. As trends move away from logos and toward craftsmanship, the Garden Party’s value proposition has strengthened considerably.

Why It’s a Smart Investment

The Garden Party benefits from durability, versatility, and consistent demand across age groups. In particular, smaller sizes have shown stronger-than-expected resale performance as buyers seek everyday Hermès bags that align with modern lifestyles.

Key investment drivers include:

• Extremely durable construction, especially in Negonda leather

• Increasing demand for minimalist luxury totes

• Strong performance in TPM and 30 sizes

• Broad appeal across professional, casual, and travel use cases

Unlike trend-led bags, the Garden Party’s resale performance improves steadily rather than spiking and falling.

Best Sizes

• TPM → strongest resale relative to retail

   

• 30 → ideal day-to-day size with excellent liquidity

• 36 → classic shopper, slower but stable resale

Best Leathers

• Negonda → top performer for durability and structure

   

• Country leather → softer look with growing appeal

• Epsom → rare, holds shape exceptionally well

Best Colours for ROI

• Black

• Gold

• Rouge H

• Gris Tourterelle

• Navy

Neutral and heritage tones consistently outperform seasonal colours.

Typical Resale Value (2025–2026)

€1,700 – €3,800, depending on size, leather, and condition

TPM sizes and structured leathers sit at the higher end of this range.

Investment Verdict: 7.5/10

A “sleeper tote” that performs better every single year.

BAG 8 — HERMÈS CONSTANCE 18 & 24 (NON-QUOTA COLOURS)

Why It’s Underrated

The Hermès Constance is widely recognised, but almost always discussed in the context of rare colours, exotic leathers, or quota-adjacent scarcity. This focus has caused many buyers to underestimate the investment strength of classic leathers and neutral colourways, which consistently outperform trend-driven variants.

As a result, highly liquid, non-quota Constance bags remain undervalued relative to their resale performance.

Why It’s a Smart Investment

The Constance combines strong brand recognition with exceptional wearability. Its structured silhouette, adjustable strap, and iconic H clasp make it one of the most versatile Hermès crossbody bags, and one of the fastest to resell.

Key investment drivers include:

• Extremely high demand for smaller sizes

• Consistent performance of neutral colours across markets

• Strong resale velocity regardless of season

• Broad appeal across age groups and regions

In particular, the Constance 18 has become one of the highest-performing non-quota Hermès bags in recent years.

Best Sizes

• Constance 18 → strongest appreciation and fastest resale

• Constance 24 → mature, classic option with stable collector demand

Best Leathers

• Epsom → top resale performer due to structure and durability

   

• Box Calf → rare, highly collectible, especially in vintage pieces

• Swift → softer, elegant option with growing demand

Best Colours for ROI

• Noir

• Etoupe

• Craie

• Bleu Nuit

• Rouge Casaque

Neutral tones consistently outperform across all resale markets.

Resale Value

€6,500 – €12,000, depending on size, leather, and colour

Smaller sizes and structured leathers command the highest premiums.

Investment Verdict: 9.2/10

Quietly one of the strongest long-term Hermès investments outside of Birkin and Kelly, driven by liquidity, recognition, and consistent demand.

BAG 9 — HERMÈS VICTORIA II 35 & 40

Why It’s Underrated

The Hermès Victoria is often overlooked because it prioritises function over trend visibility. Its clean lines and understated branding mean it rarely features in social media–driven luxury conversations, despite offering craftsmanship on par with far more hyped models.

This lack of attention has kept resale prices lower than they should be relative to build quality and utility.

Why It’s a Smart Investment

The Victoria II (the updated version) corrected several design limitations of the original, making it significantly more desirable on the secondary market. Its structured yet soft silhouette, combined with generous capacity, positions it as a long-term classic rather than a seasonal bag.

Key investment drivers include:

• Very low supply in the resale ecosystem

• Strong functionality as a work or travel bag

• Durable construction suitable for long-term use

• Increasing interest in “quiet luxury” and practical icons

As buyers increasingly prioritise longevity and versatility, the Victoria II continues to gain recognition.

Best Sizes

• Victoria II 35 → strongest demand for daily and professional use

• Victoria II 40 → ideal carry-on size with growing collector interest

Best Leathers

• Clemence → signature look with relaxed durability

• Negonda → rarer, holds structure exceptionally well

• Evergrain → refined texture with strong collector appeal

Best Colours for ROI

• Noir

• Etoupe

• Gold

• Graphite

• Raisin

Neutral and deep heritage tones dominate resale performance.

Typical Resale Value (2025–2026)

€2,500 – €4,500, depending on size, leather, and condition

Well-preserved Victoria II models consistently outperform earlier versions.

Investment Verdict: 7.9/10

Far underpriced relative to craftsmanship and utility, the Victoria II offers strong long-term growth potential as functional luxury gains prominence.

BAG 10 — HERMÈS TPL MINI (TOILE PORTABLE LETTRE)

Why It’s Underrated

The Hermès TPL Mini is barely recognised outside dedicated collector circles. Its low visibility is largely due to its discreet branding and limited production runs, which keep it off mainstream “it-bag” lists despite strong fundamentals.

Because awareness remains low, pricing has not yet fully caught up with demand, a classic early-stage investment opportunity within the Hermès ecosystem.

Why It’s a Smart Investment

The TPL Mini aligns perfectly with the ongoing micro-bag trend while retaining genuine Hermès craftsmanship. Its structured form, rarity, and portability make it especially appealing to younger collectors and fashion-forward buyers.

Key investment drivers include:

• Extremely low production volume

• Strong demand for mini, structured silhouettes

• High collectability due to limited trims and materials

• Growing visibility within niche Hermès communities

As the micro-bag trend persists, the TPL Mini’s resale performance has accelerated quietly but consistently.

Best Sizes

Mini → the only size with strong and reliable resale performance

Best Materials for Value Retention

• Canvas + Vache Hunter

• Toile combinations

• Limited-edition trims

Material rarity plays a significant role in pricing within this category.

Best Colours for ROI

• Natural

• Black

• Seasonal bi-tones

• Rouge H

• Blue Marine

Neutral bases with contrast detailing perform particularly well.

Typical Resale Value (2025–2026)

€3,200 – €5,500, depending on rarity, material combination, and condition

Limited-edition examples often exceed this range.

Investment Verdict: 8.7 / 10

A highly underrated micro-bag with low supply, rising demand, and strong appeal among the next generation of Hermès collectors.

BAG 11 — HERMÈS ROLLER CROSSBODY (NEW-GENERATION MODEL)

Why It’s Underrated

The Hermès Roller Crossbody is a relatively new addition to the Hermès lineup, which means it has not yet reached broad market awareness. Early demand has been concentrated primarily among Asia-based collectors and fashion insiders, leaving global resale pricing temporarily misaligned with its long-term potential.

Because it lacks historical visibility, many buyers underestimate how quickly new Hermès silhouettes can appreciate once adoption widens.

Why It’s a Smart Investment

The Roller Crossbody aligns precisely with current luxury demand patterns: compact size, crossbody functionality, and understated branding. Its limited production and quiet rollout have created a low-supply environment in the resale market.

Key investment drivers include:

• Strong alignment with modern micro-crossbody trends

• Low production volume relative to demand

• Under-the-radar status that suppresses early pricing

• High appeal among younger, fashion-forward buyers

As awareness expands beyond early adopter markets, resale prices are expected to continue their upward trajectory.

Best Sizes for Resale

• Mini Roller → highest resale velocity and strongest appreciation

• Standard Roller → stable demand with tighter supply

Best Leathers for Value Retention

• Evercolor → refined finish, excellent structure

• Epsom → holds shape, strong resale performance

• Swift → rarer, softer option with growing appeal

Best Colours for ROI

• Noir

• Gold

• Mauve Sylvestre

• Vert Criquet

• Blue Brume

Neutral tones lead resale, while select seasonal pastels show strong spikes.

Typical Resale Value (2025–2026)

€2,800 – €4,200, depending on size, leather, and colour

Limited-run colours frequently exceed this range.

Investment Verdict: 8.4 / 10

A modern Hermès silhouette with strong fundamentals and significant upside as it transitions from insider favourite to mainstream recognition.

BAG 12 — HERMÈS LINDY 26 & MINI LINDY

Why It’s Underrated

For many years, the Lindy was disproportionately popular in Asian markets while remaining underappreciated in Europe and the United States. Its soft structure and unconventional silhouette caused some collectors to dismiss it as less “iconic” than more rigid Hermès designs.

That perception has shifted rapidly. As buyers prioritise comfort, versatility, and understated luxury, the Lindy has emerged as one of the most sought-after non-quota models worldwide.

Why It’s a Smart Investment

The Lindy offers a rare combination of practicality and resale strength. Its dual-handle design, shoulder carry option, and balanced proportions make it highly functional for daily use — a key driver of long-term demand.

Key investment drivers include:

• Exceptional performance of the Mini Lindy on the resale market

• Strong global liquidity across regions

• High comfort and usability compared to rigid top-handle bags

• Broad appeal across age groups and style preferences

The Mini Lindy in particular frequently sells 30–40% above retail, making it one of the strongest non-quota performers in recent years.

Best Sizes for Resale

• Mini Lindy → highest ROI and fastest resale

• Lindy 26 → classic size with consistent collector demand

Best Leathers for Value Retention

• Clemence → signature leather, durable and relaxed

• Swift → softer, rarer, increasingly collectible

• Taurillon Clemence → refined texture with strong longevity

Best Colours for ROI

• Gold

• Noir

• Etoupe

• Etain

• Mauve Sylvestre

• Anemone

Neutral tones anchor resale value, while select seasonal colours perform exceptionally well in mini sizes.

Typical Resale Value (2025–2026)

• Mini Lindy: €6,000 – €10,000

• Lindy 26: €3,500 – €6,000

Condition and colour rarity significantly influence placement within these ranges.

Investment Verdict: 9.1/10

A global resale star with strong fundamentals, exceptional liquidity, and long-term appreciation potential.

BAG 13 — HERMÈS PLUMES 24 & 28

Why It’s Underrated

The Hermès Plumes is one of the most refined structured bags the house produces, yet it remains largely unknown outside of seasoned European collectors. Its minimal branding and architectural silhouette place it firmly within the “quiet luxury” category, admired by experts, overlooked by trend-driven buyers.

Because it lacks social-media visibility and celebrity hype, the Plumes continues to trade below its true collector value.

Why It’s a Smart Investment

The Plumes benefits from exceptionally low production volumes and a design language that aligns perfectly with long-term luxury trends. Its clean lines, rigid structure, and discreet elegance appeal strongly to collectors who prioritise craftsmanship over recognition.

Key investment drivers include:

• Very limited production runs

• Strong demand for understated, logo-free luxury

• Exceptional performance in premium leathers

• Growing interest in archival Hermès designs

As the market continues to shift toward timeless, low-profile pieces, the Plumes is increasingly viewed as a future classic.

Best Sizes

• Plumes 24 → most wearable and liquid on the resale market

• Plumes 28 → strong appeal for formal and evening use

Smaller sizes perform particularly well among modern collectors.

Best Leathers

• Box Calf → top-tier investment, especially in vintage production

• Evergrain → refined texture with increasing collector demand

• Swift → lighter, seasonal option with limited availability

Box Calf examples consistently command premiums due to scarcity and heritage appeal.

Best Colours for ROI

• Black

• Rouge H

• Bleu Marine

• Craie

Classic and heritage colours dominate resale performance for this model.

Resale Value

€3,500 – €6,500, depending on size, leather, and condition

Well-preserved Box Calf examples often exceed the upper range.

Investment Verdict: 8.8/10

A collector-grade Hermès bag with strong fundamentals, limited supply, and significant long-term appreciation potential.A collector-grade Hermès bag with strong fundamentals, limited supply, and significant long-term appreciation potential.

BAG 14 — HERMÈS TOOLBOX 20

Why It’s Underrated

The Hermès Toolbox was once considered too boxy and unconventional, which kept it outside mainstream Hermès demand for years. As trends shifted away from rigid top-handle bags, the Toolbox temporarily lost visibility — creating a pricing gap that still exists today.

With the return of structured mini bags and architectural silhouettes, the Toolbox 20 has re-entered collector conversations, yet remains undervalued relative to demand.

Why It’s a Smart Investment

The Toolbox 20 sits at the intersection of several powerful trends: compact sizing, structured design, and crossbody versatility. Its distinctive clasp and clean lines make it instantly recognisable to Hermès collectors, while remaining discreet to the broader market.

Key investment drivers include:

• Sharp increase in demand over the last 2–3 years

• Extremely limited availability in the secondary market

• Dual carry options (top handle + crossbody strap)

• Strong alignment with modern “boxy mini” trends

As supply remains constrained, resale prices have begun rising rapidly.

Best Sizes for Resale

• Toolbox 20 → the clear investment size

• Toolbox 26 → slower appreciation but steady demand

Best Leathers for Value Retention

• Swift → signature finish, soft yet structured

• Clemence → durable, relaxed texture

• Evergrain → refined, rare, increasingly collectible

Swift and Evergrain versions command the highest premiums.

Best Colours for ROI

• Noir

• Etoupe

• Rose Jaipur

• Gold

Neutral tones lead resale, while select pinks perform exceptionally well in the mini size.

Typical Resale Value (2025–2026)

€3,000 – €5,200, depending on leather, colour, and condition

Limited colours and pristine examples frequently sit at the top of this range.

Investment Verdict: 8.2/10

A resurging Hermès silhouette with constrained supply and strong upside as structured mini bags continue to dominate.

BAG 15 — HERMÈS KELLY DANSE (V1 & V2)

Why It’s Underrated

The Kelly Danse was discontinued for years, which initially led many buyers to assume it lacked long-term relevance. When it returned, demand surged, but pricing has still not fully caught up with how rare and versatile the design actually is.

Because it sits between a pouch, belt bag, and mini crossbody, the Kelly Danse is often misunderstood rather than properly evaluated.

Why It’s a Smart Investment

The Kelly Danse is one of the most versatile designs ever produced by Hermès. It can be worn in multiple configurations, which dramatically expands its buyer base and resale liquidity.

Key investment drivers include:

• Multi-wear functionality (up to seven configurations)

• Extremely limited production across both versions

• Strong alignment with the global mini-bag trend

• Significant resale growth over the past three years

Resale prices for both versions have increased 40–60% in recent years, particularly in neutral colours and soft leathers.

Best Versions for Resale

• Kelly Danse II (V2) → strongest current demand and liquidity

• Kelly Danse I (V1) → increasingly collectible among long-term collectors

Earlier versions in original condition are gaining particular traction.

Best Leathers for Value Retention

• Swift → signature leather, flexible and elegant

• Evercolor → refined texture with excellent durability

• Epsom → rarer, holds structure exceptionally well

Swift remains the top performer due to comfort and versatility.

Best Colours for ROI

• Noir

• Craie

• Nata

• Rouge Casaque

• Vert Criquet

Neutral tones dominate resale, while select brights perform exceptionally well in limited runs.

Resale Value

€7,000 – €13,000+, depending on version, leather, and colour

One of the strongest non-quota Hermès performers: rare, versatile, and consistently appreciating across global resale markets.

Investment Verdict: 9.3/10

A top-tier performer with consistent growth — one of the best Hermès investments outside quota bags.