2025
Hermes Price Increase Prediction for 2025: What to Expect
Oct
Hermès, known for its iconic Birkin and Kelly bags, continues to see steady price hikes year after year. For luxury bag enthusiasts and potential buyers, understanding price trends can offer key insights into what to expect in the coming years. Based on past trends, here’s a forecast of what Hermès prices might look like in 2025.
Historical Price Trends (2019-2024)
Let’s take a look at some key Hermès bag models over the past few years:
| Year | K25 Sellier Epsom | B25 Togo | B30 Togo |
|---|---|---|---|
| 2019 | $10,300 | $9,400 | $10,900 |
| 2020 | $10,300 | $9,650 | $11,000 |
| 2021 | $10,300 | $9,750 | $11,000 |
| 2022 | $10,600 | $10,100 | $11,200 |
| 2023 | $11,300 | $10,400 | $11,600 |
| 2024 | $11,800 | $11,400 | $12,500 |
This table highlights steady price increases for some of Hermès’ most popular models. For instance, the B25 Togo saw a price increase of $1,750 over the span of five years, while the B30 Togo rose by $1,600 in the same period.
Key Insights from 2019-2024 Price Increases
- Steady Annual Growth: Hermès has increased prices on its bags consistently every year, with notable jumps between 2022 and 2023.
- Model-Specific Increases: The rate of increase varies slightly by model. For example, the K25 Sellier Epsom showed a relatively moderate rise from $10,300 in 2019 to $11,800 in 2024, while the B25 Togo saw sharper increments in recent years.
What to Expect for 2025
Based on the historical data, it’s reasonable to predict that prices will continue to rise in 2025. Here are some price predictions based on the previous years’ trends:
| Style | 2025 (Predicted) |
|---|---|
| K25 Sellier Epsom | $12,300 |
| B25 Togo | $12,500 |
| B30 Togo | $13,200 |
These predictions assume a continuation of Hermès’ current pricing strategy, which has shown annual increases between $300 and $900 depending on the model.
Factors Driving Future Price Increases
- Inflation: As with most luxury goods, inflation plays a role in price hikes. Inflationary pressures on production, raw materials (such as fine leather), and logistics contribute to rising costs, which are passed on to consumers.
- Scarcity and Exclusivity: Hermès keeps its production numbers limited, ensuring that demand outpaces supply. This controlled scarcity contributes to maintaining the brand’s exclusivity and drives up prices over time.
- Brand Value and Market Trends: Hermès remains one of the most coveted luxury brands globally. As demand for timeless luxury products like the Birkin and Kelly increases, so does Hermès’ ability to command higher prices. Additionally, Hermès’ bags often appreciate in value over time, fueling further demand.
- Luxury Market Dynamics: The global luxury goods market has been resilient, even in the face of economic downturns. As consumers continue to prioritize investment pieces, brands like Hermès capitalize on this sustained demand.
Is Now the Right Time to Buy?
For those considering a Hermès bag, purchasing sooner rather than later could save you money, given the consistent year-over-year price hikes. Hermès bags also hold their value exceptionally well, making them not just a fashion statement but also an investment.
Conclusion
While it’s difficult to predict the exact price increase for 2025, the historical trend of 4-8% increases suggests that buyers can expect to pay more in the near future. For the K25 Sellier Epsom, B25 Togo, and B30 Togo, 2025 prices could reach around $12,300, $12,500, and $13,200, respectively. If Hermès maintains its current pricing strategy, the luxury brand will continue to see significant demand for its timeless and exclusive products, reinforcing its place at the top of the luxury market.
Investing in a Hermès bag today could save you from higher prices in the years to come, but for those willing to wait, owning one in 2025 will still be a worthwhile, if pricier, investment.