Classic CHANEL double flap handbag

Fabulous authentic CHANEL double flap black quilted jersey knit handbag with gold tone hardware, mademoiselle lock and gorgeous Chanel Reissue chain. Current retail value new is approx $9,300. Excellent overall condition with tiny nick to fabric as shown in photo. Very clean. Includes auth card and box. Bag has been stored in its box and not used in past 8+ years. Priced to sell quickly at substantially below resale value. PER SOTHEBYS: Chanel handbags are highly sought-after, iconic statement pieces, and demand is always higher than supply. Thus, Chanel continues to boost the prices of their most coveted offerings, and consumers will continue to pay. Since the start of the global pandemic, Chanel has boosted bag prices four times. The first spike came in May 2020, when the luxury fashion house increased the price of certain bags – from 5 to 17 percent. Just five months later, in October 2020, Chanel boosted handbag price tags an additional 5 percent. By July 1, the price of the Flap bags another 15 percent. The days of finding a preloved Chanel bag on the secondary market for less than retail are long over, regardless of the bag’s condition. Chanel bags on the resale market are known to maintain top resale values.