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Hermès · since 1984

Hermès Birkin 40

38SCORE / 100F
Grade F: the market has spokenToday's call · AVOID

Rank #84 of 91 in the Hermès Vault

Boutique (2026)$20,300
Resale today$7,500–11,100
Vs retail-54%
1-year+5%
Build yours in the Hermès VaulteBay listings ↗︎

Median sold price by quarter

Boutique $20,300 Q4 2023Q3 2026 $7,800

Each point is the median eBay sold price for one quarter, all conditions, counting quarters with 3 or more sales (87 sales over 3 years). Dashed line marks the boutique price.

Resale scorecard

Momentum28Price direction over the last 12 months and whether demand is accelerating or cooling.
Liquidity48How quickly it sells pre-owned and how close resellers' buy and sell prices are.
Scarcity58How hard it is to get new. Hermès offers its most wanted pieces only to established clients.
Value entry66Where today's resale price sits against its own history. Buying a dip scores high; buying a peak scores low.
Authenticity40How safe it is to buy pre-owned. The most wanted pieces are the most counterfeited.

Reality check: real sales

19 eBay sales in the last 12 months (87 in 3 years) · median $8,792 · middle half $7,500 to $11,100

SoldPriceListing
Oct 28, 2026$8,700View sale ↗︎
Aug 26, 2026$7,800View sale ↗︎
Aug 6, 2026$8,400View sale ↗︎
Jul 18, 2026$7,300eBay
Jul 1, 2026$14,054eBay
Jun 17, 2026$6,850eBay

Sold prices from eBay via Terapeak, all conditions, including worn and vintage pieces. The resale range is the middle half of these sales.

The story

The best-known version of the story: on a 1983 flight, Hermès chief Jean-Louis Dumas sat next to actress Jane Birkin, who wanted a bag big enough for everything she carried, and the first sketch was made on an airsickness bag.

Hermès does not simply sell Birkins. Boutiques offer them to clients with a purchase history, which keeps supply below demand and is the main reason the small sizes resell above retail.

Each bag is made by one artisan from start to finish, signed with their stamp inside the strap, and takes many hours of hand stitching.

Smaller sizes are the story of the last decade: the 25 resells at roughly 1.5 times boutique price on recorded sales, while the 30 and larger now sell below retail as tastes moved to compact bags.

Our verdict: The benchmark of luxury resale. The 25 is the only size that resells above boutique price, at about 1.5 times. The 30, 35 and 40 sell below retail on recorded sales.

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Buy only from authenticated resellers or with a professional authentication. The most wanted Hermès pieces are also the most counterfeited.

Quick answers

How much is a Hermès Birkin 40 worth?

Recorded eBay sales from the last 12 months put the typical Hermès Birkin 40 at $8,792, with the middle half selling between $7,500 and $11,100 (19 sales). Condition, leather, color and hardware move the price within that range.

Does the Hermès Birkin 40 sell above retail?

No. The typical sale of $8,792 is about 57% below the $20,300 retail price.

Is the Hermès Birkin 40 a good investment?

The Crown Index grades it F (38/100) from real resale data, and today's call is avoid. It has lost value; not one to buy as an investment. Past prices are not a forecast.

Head to head

Hermès Birkin 35 vs Hermès Birkin 40 →