Hermès Resale Report — November 2026
What 13,607 live listings from 126 resellers and the observed auction results say about the pre-owned Hermès market, with methods, sample sizes and caveats.
Evidence and sample map
This is the 2026-11 report edition, with evidence frozen at . The 11 findings below use different cohorts: asking-price records, listing activity and completed auction sales should be read with their own sample and method. The current market summary is generated separately and may include later inventory.
For a current comparison by size, read Birkin vs Kelly: which bag has better resale value?. Also available: Birkin o Kelly: comparación de precios de reventa por talla and Birkin ou Kelly : comparaison des prix de revente par taille. Live asking prices use a separate observation date and do not establish realized value retention.
- Size curve — Birkin 30: 2,225, Birkin 25: 2,184, Kelly 25: 1,574, Kelly 28: 1,381, Birkin 35: 1,280, Kelly 32: 837
- Repeat listing trend — 90: 263, 60: 487, 30: 1,618
- Dealer concentration — priced bag ids: 13,607, dealers: 126
- Inventory change — available documents: 13,624, priced bag ids: 13,607, dealers: 126
- October auctions — offered lots: 381, sold lots: 291, cohorts: 23
- Leather mix — eligible cohorts: 47, displayed cohorts: 8, observations: 7,198
- Material — eligible cohorts: 12, displayed cohorts: 8, observations: 7,451
- Hardware — eligible cohorts: 6, displayed cohorts: 6, observations: 1,695
- Neutral colours — eligible cohorts: 6, displayed cohorts: 6, observations: 1,186
- Price dispersion — eligible cohorts: 72, displayed cohorts: 4
- Retirement — eligible retired ids: 3,800
Method and caveats
Method. Available listing IDs with finite positive USD asking prices; exclude all-nines placeholder prices and accessories, and identify special variants/HSS separately using the October normalization rules. Medians and quartiles describe covered listings. Counts are not unique authenticated physical bags.
Caveat. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.

Method and caveats
Method. Match listing_id across observed daily endpoints, calculate 100 × (final / initial − 1) per ID, then take the median. Require n≥15.
Caveat. Persistent-listing selection, variable Birkin-oriented logger coverage, FX and corrections limit interpretation. Logged sample counts are not market stock. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.

Method and caveats
Method. Count active valid-priced handbag listing IDs by merchant_slug and divide by the total covered sample.
Caveat. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.

Method and caveats
Method. Apply identical normalization to current and saved previous-report acquisition; compare observed active listing IDs and dealer slugs. Baseline date is explicit.
Caveat. This is a change in indexed coverage, including new feeds, recoveries, removals and corrections. Baseline may be intra-month; it is not calendar-month market growth. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.
Method and caveats
Method. Published sales ending within the previous calendar month and strictly before the asof boundary; results checked before boundary when a checked timestamp exists. Include loaded sale lots and standalone lots, deduplicate source URL plus lot identity, screen handbag titles and exclude wristwatches, luggage/backpacks, pocket straps and packaging, and group each sale/currency/hammer-or-premium basis separately. Null result is explicitly unsold; invalid non-null result is excluded.
Caveat. Observed loaded lots are not the entire auction market. Hammer excludes buyer premium; premium includes it. Neither includes every tax/shipping cost. Currencies and bases are never summed together. Missing results remain unreported; small cohorts are descriptive, not investment returns.

Method and caveats
Method. Standard variants grouped by model, size and normalized leather; display cohorts with n≥15. Leather is source metadata, not physical verification. Available listing IDs with finite positive USD asking prices; exclude all-nines placeholder prices and accessories, and identify special variants/HSS separately using the October normalization rules. Medians and quartiles describe covered listings. Counts are not unique authenticated physical bags.
Caveat. These are descriptive cohorts; missing source metadata and condition, age, colour, hardware and dealer mix prevent a causal premium claim. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.
Method and caveats
Method. Within each model and size, group recognized regular leathers and exotic materials; exclude unknown material. n≥15. Material recognition follows the October normalization rules. Available listing IDs with finite positive USD asking prices; exclude all-nines placeholder prices and accessories, and identify special variants/HSS separately using the October normalization rules. Medians and quartiles describe covered listings. Counts are not unique authenticated physical bags.
Caveat. These are descriptive cohorts; missing source metadata and condition, age, colour, hardware and dealer mix prevent a causal premium claim. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.
Method and caveats
Method. Standard Birkin Togo grouped by size and recognized gold/palladium hardware. Use normalized field or explicit title signal; exclude unknown or ambiguous hardware. n≥15. Available listing IDs with finite positive USD asking prices; exclude all-nines placeholder prices and accessories, and identify special variants/HSS separately using the October normalization rules. Medians and quartiles describe covered listings. Counts are not unique authenticated physical bags.
Caveat. These are descriptive cohorts; missing source metadata and condition, age, colour, hardware and dealer mix prevent a causal premium claim. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.
Method and caveats
Method. Standard Birkin Togo grouped by size and recognized colour group. Neutral=black/noir, gold, etoupe, etain; bright=explicit recognized colour family. Exclude unknown/other. n≥15. Available listing IDs with finite positive USD asking prices; exclude all-nines placeholder prices and accessories, and identify special variants/HSS separately using the October normalization rules. Medians and quartiles describe covered listings. Counts are not unique authenticated physical bags.
Caveat. These are descriptive cohorts; missing source metadata and condition, age, colour, hardware and dealer mix prevent a causal premium claim. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.
Method and caveats
Method. Within model+size+leather+hardware standard cohorts with n≥15, calculate observed P10/P90 and 100 × (P90/P10 − 1).
Caveat. Observed percentiles are not confidence intervals. Condition, colour, age and seller differences persist. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.
Method and caveats
Method. Unavailable listings with the two-successful-runs source-missing reason, valid creation/retirement chronology and retirement before asof; median observed interval among retirements only. n≥15.
Caveat. Removal is not a confirmed sale. Conditional retirements exclude listings still available; no sell-through or time-to-sale claim is supported. Asking prices are not completed sales. Condition, age, colour, leather, hardware and dealer mix are not fully adjusted; coverage changes are not market growth. Stored USD conversions may reflect different FX dates. Streams are not an atomic snapshot; current availability cannot be reconstructed from this extraction.
Use the evidence for a buying decision
BirkinBagStock. Hermès Resale Report — November 2026. Data cut 2026-11-01T05:32:51.419782+00:00. https://birkinbagstock.com/reports/hermes-resale-november-2026.
Machine-readable version: /reports/hermes-resale-november-2026.json.
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Asking prices are what resellers list, not completed sales; auction hammer prices are completed sales. Listings are covered listing IDs, not authenticated unique bags or the whole market. Independent, not affiliated with Hermès. See also the Birkin Resale Price Index 2026 and auction results.