Would you choose this Birkin 40 in neutral over a Birkin 25 for daily use?
For a first pass, compare capacity, weight, and resale liquidity. Birkin 40 can be the sharper choice when the color and condition match your use case.
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Hermès Kelly 40 Crocodile Niloticus Palladium Hardware
$36,500 USD
Live market context
Comparable set
14 listings
Median
$12,898
Low-high
$6,949-$27,500
Merchants
8 active
Compared against Kelly 40 inventory. This listing is $23,602 above the current median (183%).
Buyer market brief
This Hermès Kelly 40 Crocodile Niloticus Palladium Hardware is listed at $36,500 by Madison Avenue Couture, $23,602 above the median $12,898 ask for Kelly 40 inventory. Compare the premium against condition, rarity, hardware, and included accessories before checkout.
- Compared with 14 priced listings from 8 active merchants.
- Observed cohort range: $6,949 to $27,500.
- Current ask is 183% above the cohort median.
- 3 lower-priced comparable alternatives are indexed right now.
Price history
First captured at $36,500 on 2026-10-01.
First seen
$36,500 · 2026-10-01
Latest ask
$36,500 · 2026-10-01
Observed days
1
Next step
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Size
Kelly 40 (40 x 29 x 21 cm)
Leather
Crocodile Niloticus
Hardware
Palladium
Condition
Pre-owned
Merchant
Madison Avenue Couture
This Kelly, in the Retourne style, is in Sanguine matte Porosus crocodile leather with Palladium hardware, tonal stitching front toggle closure, clochette with lock and two keys, single rolled handle and removable strap.The interior is lined with Sanguine chevre leather and features one zip pocket w
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How the Kelly does at auction
37 Hermès Kelly lots from Bonhams, Drouot and other houses: the median sold at 95% of its low estimate.
See Kelly auction results →Research this Kelly spec
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Buyer Q&A
Questions to ask before this Kelly moves
Is $36,500 fair for Crocodile Niloticus in this condition?
Use the live median as a benchmark, then adjust for color demand, hardware, year, condition, box/papers, and return policy.
What would you ask the merchant before buying?
Ask for corner wear, handle darkening, stamp/year, odor, spa history, inclusions, return window, and authentication documentation.
Compare alternatives before checkout
Use the live cohort and nearby listings to check whether this Hermès Kelly 40 Crocodile Niloticus Palladium Hardware is still the best option.
CohortKelly 40
Median ask$12,898
Live comps14
Lower-priced close matches
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