Chanel and Louis Vuitton are two of the most iconic brands in the retail industry. However, a key question often arises among luxury shoppers: Is Chanel more expensive than Louis Vuitton? Join us as we compare the prices of Chanel and Louis Vuitton to determine which designer brand is the most expensive.
Chanel bags, particularly the Classic Flap and 2.55 models, are known for their high resale value and consistent price increases. As of 2024, the Chanel Classic Flap bag retails for over $10,000, with prices increasing by 6-8% this year alone.
Another iconic model, the 2.55 handbag, saw its price rise from €9,700 in January 2024 to €10,300 by March 27, 2024. Entry-level Chanel bags, such as the Small Vanity With Chain Bag, start at a resale price of $2,750, while more affordable options, like the Wallet On Chain, begin at $2,300.
Short answer: Chanel is more expensive
Overall, Chanel is considered more expensive than Louis Vuitton. A Chanel bag at retail can demand almost six times the price of a similar offering from Louis Vuitton, making LV appeal to a wider audience.
Chanel vs Louis Vuitton Handbag Prices (2024)
| Brand | Model | Retail Price |
|---|---|---|
| Chanel | Classic Flap | $10,000+ |
| 2.55 | €10,300 (March 27, 2024) | |
| Entry-Level Options | Small Vanity With Chain Bag | $2,750+ |
| Wallet On Chain | $2,300+ | |
| Louis Vuitton | Speedy 25 | $1,490 |
| Monogram Canvas Pochette | $1,290 | |
| Petit Noé Shoulder Bag | $1,690 | |
| Exotic Skins | Range from $12,000 to $36,000 | |
In contrast, Louis Vuitton (LV) offers a range of handbags that are generally more affordable than Chanel. The Louis Vuitton Speedy 25, one of the brand's most iconic styles, starts at a retail price of $1,490.
Other entry-level options include the Monogram Canvas Pochette, which costs $1,290, and the Petit Noé Shoulder Bag, which costs $1,690. The most expensive Louis Vuitton bags, made from exotic skins like crocodile and lizard, can range from $12,000 to $36,000.
For instance, the Chanel Boy Bag costs between $6,100 and $6,750, whereas the Louis Vuitton Neverfull (Canvas Styles) has an average median resale price of $1,164. This significant price difference highlights Chanel's positioning in the luxury market as a more exclusive and higher-priced brand than Louis Vuitton.
