{"citation":"BirkinBagStock. Herm\u00e8s Resale Report \u2014 November 2026. Data cut 2026-11-01T05:32:51.419782+00:00. https://birkinbagstock.com/reports/hermes-resale-november-2026","data_cutoff":"2026-11-01T05:32:51.419782+00:00","findings":[{"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.","id":"size_curve","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.","metric_type":"asking","n":{"Birkin 25":2184,"Birkin 30":2225,"Birkin 35":1280,"Kelly 25":1574,"Kelly 28":1381,"Kelly 32":837},"text":"Birkin 30: $23,480 median asking (n=2,225); Birkin 25: $30,500 median asking (n=2,184); Kelly 25: $27,641 median asking (n=1,574); Kelly 28: $20,168 median asking (n=1,381); Birkin 35: $16,992 median asking (n=1,280); Kelly 32: $14,169 median asking (n=837).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#size_curve"},{"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.","id":"repeat_listing_trend","method":"Match listing_id across observed daily endpoints, calculate 100 \u00d7 (final / initial \u2212 1) per ID, then take the median. Require n\u226515.","metric_type":"asking","n":{"30":1618,"60":487,"90":263},"text":"90 days: +0.0% median individual asking-price change (n=263 matched IDs); 60 days: +0.0% median individual asking-price change (n=487 matched IDs); 30 days: +0.0% median individual asking-price change (n=1,618 matched IDs). Daily samples end 20261031.","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#repeat_listing_trend"},{"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.","id":"dealer_concentration","method":"Count active valid-priced handbag listing IDs by merchant_slug and divide by the total covered sample.","metric_type":"coverage","n":{"dealers":126,"priced_bag_ids":13607},"text":"Madison Avenue Couture: 1,314 priced bag IDs (9.7%); Priv\u00e9 Porter: 828 priced bag IDs (6.1%); Rebag: 674 priced bag IDs (5.0%); Ginza Xiaoma: 652 priced bag IDs (4.8%); Fashionphile: 619 priced bag IDs (4.5%).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#dealer_concentration"},{"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.","id":"inventory_change","method":"Apply identical normalization to current and saved previous-report acquisition; compare observed active listing IDs and dealer slugs. Baseline date is explicit.","metric_type":"coverage","n":{"available_documents":13624,"dealers":126,"priced_bag_ids":13607},"text":"At acquisition, 13,624 listing documents were available; 13,607 valid-priced handbag IDs span 126 dealers. Compared with the saved 2026-10-14 acquisition, covered priced bag IDs changed by +2,384 from 11,223. Newly active priced coverage relative to that acquisition: Adore Vintage (7 IDs); Bags of Luxury (9 IDs); Belluxe (26 IDs); ByJull (149 IDs); Ciao Luxe (29 IDs); Diamonds in DXB (39 IDs); Eluse (41 IDs); Etiqueta \u00danica (15 IDs); Francine Joaillerie (8 IDs); Gemaee (24 IDs); \u9280\u5ea7\u30d1\u30ea\u30b9 \u516c\u5f0fEC\u30b5\u30a4\u30c8 (10 IDs); GOODLUXE (362 IDs); Hana Vintage (113 IDs); HOUBIDOU (69 IDs); Iconn Boutique (19 IDs); Jackroad (84 IDs); KOMEHYO Singapore (58 IDs); Kon\u00e9sseur (20 IDs); LAL\u00d9E (106 IDs); Luxe Vegas (128 IDs); LuxToky (210 IDs); Luxury GoRound (11 IDs); Mightychic (116 IDs); Mismo Cielo (24 IDs); Orange Porter (171 IDs); OurLux (18 IDs); Poshbag Boutique (9 IDs); Premier Value (71 IDs); SACL\u00c0B (223 IDs); Yukizaki (48 IDs). Collector Square contributes 493 active priced handbag IDs at acquisition. The published 2026-10-02 October report contained 6,988 priced handbag IDs across 46 dealers, a coverage difference of +6,619 priced IDs.","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#inventory_change"},{"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.","id":"october_auctions","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.","metric_type":"realised_auction","n":{"cohorts":23,"offered_lots":381,"sold_lots":291},"text":"2026-10 auction results loaded before 2026-11-01T00:00:00+00:00: 381 eligible handbag lots, 291 with a positive realised result. Ader / ader-181790: 10/11 sold, 90.9% sell-through, EUR 30,186 total (hammer); Aponem / aponem-186004: 2/4 sold, 50.0% sell-through, EUR 16,375 total (hammer); Bonhams / bonhams-32327: 19/35 sold, 54.3% sell-through, GBP 123,160 total (hammer); Christie's / christies-24051: 107/118 sold, 90.7% sell-through, HKD 10,696,960 total (premium); Collauctions / collauctions-186690: 2/33 sold, 6.1% sell-through, EUR 11,670 total (hammer); Crait + M\u00fcller / crait-muller-183829: 1/1 sold, 100.0% sell-through, EUR 400 total (hammer); Expertisez Ench\u00e8res / expertisez-encheres-182765: 11/27 sold, 40.7% sell-through, EUR 37,180 total (hammer); Gros & Delettrez / gros-delettrez-182885: 1/1 sold, 100.0% sell-through, EUR 4,940 total (hammer); Gros & Delettrez / gros-delettrez-182887: 2/2 sold, 100.0% sell-through, EUR 780 total (hammer); Guette\u2019s Auction / guettes-auction-185921: 2/8 sold, 25.0% sell-through, EUR 14,700 total (hammer); Icon Auction / icon-auction-182946: 1/2 sold, 50.0% sell-through, EUR 200 total (hammer); Maison R&C, Commissaires-Priseurs Associ\u00e9s / maison-r-c-commissaires-priseurs-associe-181551: 1/1 sold, 100.0% sell-through, EUR 1,000 total (hammer); Maurice Auction / maurice-auction-182824: 9/11 sold, 81.8% sell-through, EUR 35,010 total (hammer); Maurice Auction / maurice-auction-184922: 6/6 sold, 100.0% sell-through, EUR 2,805 total (hammer); Nouvelle Etude / nouvelle-etude-181238: 0/1 sold, 0.0% sell-through, EUR 0 total (hammer); Nouvelle Etude / nouvelle-etude-185034: 1/1 sold, 100.0% sell-through, EUR 280 total (hammer); Nouvelle Etude / nouvelleetude-mode-luxe: 0/1 sold, 0.0% sell-through, EUR 0 total (hammer); Osenat / osenat-183627: 3/3 sold, 100.0% sell-through, EUR 1,536 total (hammer); Penelope's Fashion Auction / penelope-s-fashion-auction-186341: 5/7 sold, 71.4% sell-through, EUR 28,720 total (hammer); Pousse-Cornet / pousse-cornet-183335: 1/1 sold, 100.0% sell-through, EUR 60 total (hammer); Salle de Ventes Uccle Saint-Job / sdvu-art-antiquit-art-d-co: 1/1 sold, 100.0% sell-through, EUR 3,050 total (hammer); Sotheby's / sothebys-pf2681: 104/104 sold, 100.0% sell-through, EUR 2,338,560 total (premium); Vermot et Associ\u00e9s / vermot-et-associes-181421: 2/2 sold, 100.0% sell-through, EUR 650 total (hammer).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#october_auctions"},{"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.","id":"leather_mix","method":"Standard variants grouped by model, size and normalized leather; display cohorts with n\u226515. 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.","metric_type":"asking","n":{"displayed_cohorts":8,"eligible_cohorts":47,"observations":7198},"text":"Leather cohorts: birkin 25 togo: $28,604 median asking (n=1,032, 81 dealers); birkin 30 togo: $23,022 median asking (n=862, 88 dealers); kelly 25 epsom: $28,280 median asking (n=605, 79 dealers); birkin 35 togo: $16,948 median asking (n=488, 76 dealers); kelly 28 epsom: $21,738 median asking (n=404, 70 dealers); birkin 30 epsom: $20,656 median asking (n=385, 69 dealers); kelly 25 togo: $25,430 median asking (n=365, 64 dealers); kelly 28 togo: $20,648 median asking (n=268, 66 dealers).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#leather_mix"},{"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.","id":"material","method":"Within each model and size, group recognized regular leathers and exotic materials; exclude unknown material. n\u226515. 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.","metric_type":"asking","n":{"displayed_cohorts":8,"eligible_cohorts":12,"observations":7451},"text":"Regular and exotic material cohorts: birkin 30 regular leather: $21,838 median asking (n=1,542, 102 dealers); birkin 25 regular leather: $28,500 median asking (n=1,450, 92 dealers); kelly 25 regular leather: $26,995 median asking (n=1,151, 87 dealers); kelly 28 regular leather: $19,992 median asking (n=924, 88 dealers); birkin 35 regular leather: $16,500 median asking (n=855, 87 dealers); kelly 32 regular leather: $14,010 median asking (n=490, 74 dealers); birkin 25 exotic: $77,500 median asking (n=340, 56 dealers); birkin 30 exotic: $45,684 median asking (n=288, 54 dealers).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#material"},{"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.","id":"hardware","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\u226515. 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.","metric_type":"asking","n":{"displayed_cohorts":6,"eligible_cohorts":6,"observations":1695},"text":"Gold and palladium hardware: birkin 25 gold: $28,588 median asking (n=400, 53 dealers); birkin 25 palladium: $29,313 median asking (n=387, 51 dealers); birkin 30 gold: $24,503 median asking (n=298, 53 dealers); birkin 30 palladium: $24,546 median asking (n=298, 54 dealers); birkin 35 palladium: $17,999 median asking (n=173, 41 dealers); birkin 35 gold: $19,500 median asking (n=139, 35 dealers).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#hardware"},{"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.","id":"neutral_colours","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\u226515. 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.","metric_type":"asking","n":{"displayed_cohorts":6,"eligible_cohorts":6,"observations":1186},"text":"Recognized neutral and bright colours: birkin 25 neutral: $28,930 median asking (n=439, 68 dealers); birkin 30 neutral: $25,270 median asking (n=324, 69 dealers); birkin 35 neutral: $19,188 median asking (n=180, 56 dealers); birkin 25 bright: $30,490 median asking (n=97, 37 dealers); birkin 30 bright: $21,353 median asking (n=85, 32 dealers); birkin 35 bright: $14,800 median asking (n=61, 25 dealers).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#neutral_colours"},{"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.","id":"price_dispersion","method":"Within model+size+leather+hardware standard cohorts with n\u226515, calculate observed P10/P90 and 100 \u00d7 (P90/P10 \u2212 1).","metric_type":"asking","n":{"displayed_cohorts":4,"eligible_cohorts":72},"text":"birkin 25 togo gold: P10\u2013P90 $21,062\u2013$36,000, a 70.9% spread (n=400); birkin 25 togo palladium: P10\u2013P90 $21,889\u2013$36,000, a 64.5% spread (n=387); birkin 30 togo gold: P10\u2013P90 $15,995\u2013$34,462, a 115.5% spread (n=298); birkin 30 togo palladium: P10\u2013P90 $15,903\u2013$34,500, a 116.9% spread (n=298).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#price_dispersion"},{"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.","id":"retirement","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\u226515.","metric_type":"observed_listing_retirement","n":{"eligible_retired_ids":3800},"text":"Birkin 30: 54.9 median days to observed retirement (n=1,167); Birkin 25: 60.0 median days to observed retirement (n=1,021); Birkin 35: 46.3 median days to observed retirement (n=716); Kelly 25: 14.0 median days to observed retirement (n=354); Kelly 28: 13.0 median days to observed retirement (n=333); Kelly 32: 13.3 median days to observed retirement (n=209).","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026#retirement"}],"license":"https://birkinbagstock.com/terms","metadata":{"active_dealers":126,"active_priced_handbag_ids":13607,"asof":"2026-11-01","atomic_snapshot":false,"caveats":"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.","chart_files":["charts/size_curve.png","charts/trend.png","charts/dealer_auction_coverage.png","charts/auction_results.png"],"currencies":"Stored USD asking prices; auction native currencies and price bases kept separate","cutoff":"2026-11-01T05:32:51.419782+00:00","evidence":"source_manifest.json and tables.json in the acquisition directory","history_exclusive_cutoff":"2026-11-01T00:00:00+00:00","inventory_clock":"Current state at acquisition; no historical reconstruction","languages":["en"],"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.","month":"2026-11","read_finished_at":"2026-11-01T05:32:59.676669+00:00","source_project":"birkinbagstock-prod","universe":"Covered listing IDs; not authenticated unique physical bags or the entire market"},"note":"Asking prices are reseller list prices, not completed sales. Independent, not affiliated with Herm\u00e8s.","title":"Herm\u00e8s Resale Report \u2014 November 2026","url":"https://birkinbagstock.com/reports/hermes-resale-november-2026","usage":"Quote report figures with a link to BirkinBagStock; third-party images and listings are not licensed here.","version":"2026-11"}