Orange Peel
The Hermès Intelligence TerminalMarket desk · active asks updated 2026-08-26
The Read
Secondhand premium sits near 1.4× retail — down from 2.2× at the 2022 peak (Bernstein).Strongest hold: Mini Kelly II at ~2.9× retail.Softest premium: Birkin 25 Crocodile at ~1.1× retail.Tracking 7 configurations · Hermès retention ~138% (Rebag Clair 2025).Secondhand premium sits near 1.4× retail — down from 2.2× at the 2022 peak (Bernstein).Strongest hold: Mini Kelly II at ~2.9× retail.Softest premium: Birkin 25 Crocodile at ~1.1× retail.Tracking 7 configurations · Hermès retention ~138% (Rebag Clair 2025).

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Market desk · active asks updated 2026-08-26

The desk, in view
Live market76active asks · not sales
Coverage4independent sources
Premium~1.4×vs retail · 2022 peak ~2.2×
Tracked7core configurations

Every price surface distinguishes active asks from completed sales and links back to its source.

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How to get oneby boutique
Paris — FSHlottery
New York — Madisonrelationship
Tokyo — Ginzawalk-in

Community-reported boutique systems · estimated

Est. prices
Birkin 25 Togo$13.5k$29.0k2.1×·Kelly 25 Epsom Sellier$13.7k$27.0k2.0×·Birkin 25 Crocodile$67.0k$72.0k1.1×·Birkin 30 Togo$14.9k$29.0k1.9×·Kelly 28 Togo$15.4k$30.0k1.9×·Constance 18$9.8k$16.0k1.6×·Mini Kelly II$11.4k$33.0k2.9×·Birkin 25 Togo$13.5k$29.0k2.1×·Kelly 25 Epsom Sellier$13.7k$27.0k2.0×·Birkin 25 Crocodile$67.0k$72.0k1.1×·Birkin 30 Togo$14.9k$29.0k1.9×·Kelly 28 Togo$15.4k$30.0k1.9×·Constance 18$9.8k$16.0k1.6×·Mini Kelly II$11.4k$33.0k2.9×·

The PeelNews

Updated weekly · estimated
The Desk2026-08-28

The Brief · 2026-W35 is out — the week on the desk

The weekly desk report for 2026-W35 is live: 33 published items across the market, the China desk, and the Offer Graph — the reads that mattered this week, in one place.

Source · Orange Peel — The Brief, 2026-08-28

The Desk2026-08-28

Deal spotted: Birkin 30 listed below the median ask ▼

Insiders see the numbers — the median, the % move, and the listing.Get Insider →

Source · Vestiaire listing (ask), 2026-08-28

The Desk2026-08-28

Deal spotted: Kelly 28 listed below the median ask ▼

Insiders see the numbers — the median, the % move, and the listing.Get Insider →

Source · Vestiaire listing (ask), 2026-08-28

Comms Desk2026-08-28

NEW LISTINGS — 59 new asks across 7 specs this week

Birkin 35 median ~$15,134 · Birkin 30 median ~$23,018 · Kelly 32 median ~$13,810 · Birkin 25 median ~$29,999 · +3 more

Source · Orange Peel resale index (asks), 2026-08-28

The Graph2026-08-28

The Offer Graph this week: 0 score checks · 0 outcome reports

Our first-party Offer Graph for 2026-W35: 0 score checks (none last week) and 0 outcome reports. All-time: 10 checks, 0 reports. Counts only, no estimates; reports are anonymous and banded.

Source · Orange Peel Offer Graph (first-party), 2026-08-28

The Desk2026-08-26

Deal spotted: Kelly 35 listed below the median ask ▼

Insiders see the numbers — the median, the % move, and the listing.Get Insider →

Source · Fashionphile listing (ask), 2026-08-26

Comms Desk2026-08-26

NEW LISTINGS — 12 new asks across 5 specs this week

Birkin 30 median ~$20,385 · Kelly 28 median ~$21,490 · Birkin 35 median ~$16,477 · Birkin 25 median ~$29,999 · +1 more

Source · Orange Peel resale index (asks), 2026-08-26

The Desk2026-08-24

Deal spotted: Kelly 28 listed below the median ask ▼

Insiders see the numbers — the median, the % move, and the listing.Get Insider →

Source · Fashionphile listing (ask), 2026-08-24

Comms Desk2026-08-24

NEW LISTINGS — 16 new asks across 5 specs this week

Kelly 28 median ~$20,855 · Birkin 30 median ~$18,107 · Birkin 25 median ~$29,999 · Kelly 32 median ~$16,930 · +1 more

Source · Orange Peel resale index (asks), 2026-08-24

Offer reportedcommunity-reported

Kelly offered in Melbourne — 0.31× ratio.

Source · The Hustle, 'How to win the Hermès game' — documented buyer account

Offer reportedcommunity-reported

Birkin 25 offered — 2× ratio (market undisclosed).

Source · YouTube 'I Declined an Hermes Quota Bag' (33k views) — states 2:1 required in her market

Offer reportedcommunity-reported

Birkin 25 offered — 1× ratio (market undisclosed).

Source · YouTube '6 Hermes Shopping DOs and DON'Ts' (77k views) — 'at least one-to-one for most places'

Offer reportedcommunity-reported

Birkin 25 offered in Paris — 0× ratio.

Source · YouTube 'MY FIRST BIRKIN — quota bag with almost NO purchase history' (50k views), Paris walk-in era

Still waitingcommunity-reported

Kelly in Paris · ? months in, no offer yet.

Source · YouTube 'TIPS TO SCORE HERMES IN PARIS' (49k views) — multiple failed appointment attempts documented

Still waitingcommunity-reported

Birkin 25 in London · 12 months in, no offer yet.

Source · YouTube 'MY HERMES JOURNEY IS OVER' (61k views) — 1yr wishlist, no offer

Offer reportedcommunity-reported

Kelly 25 offered — 1.5× ratio after 9mo (market undisclosed).

Source · YouTube 'MY ENTIRE HERMES PURCHASE HISTORY & PRE-SPEND RATIO' (24k views)

Offer reportedcommunity-reported

Birkin 25 offered in NYC — 1.4× ratio after 12mo.

Source · Orange Book community archive — median ratio 1.4x, median wait ~360 days (931 reports, public site)

Market2026-07-11

The premium is deflating

The resale markup over retail has roughly halved in three years — the easy-flip era is closing.

Price2026-07-06

The same bag, $2,500 apart

On a Birkin 25, the tax gap between buying in Europe and buying in New York is real money.

The pulse

  • Index: premium ~1.4× retail (Bernstein, all B/K)
  • Tracking: 7 configurations
  • Ledger: 8 cited public outcomes seeded

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