Hermès Vault › All references › Garden Party Neo 23

Hermès · since 2003

Hermès Garden Party Neo 23

61SCORE / 100C
Grade C: wear it, don't flip itToday's call · WATCH

Rank #53 of 91 in the Hermès Vault

Boutique (2026)$4,475
Resale today$5,000–5,700
Vs retail+20%
1-year-2%
Build yours in the Hermès VaulteBay listings ↗︎

Median sold price by quarter

Boutique $4,475 Q3 2025Q2 2026 $5,310

Each point is the median eBay sold price for one quarter, all conditions, counting quarters with 3 or more sales (18 sales over 3 years). Dashed line marks the boutique price.

Resale scorecard

Momentum49Price direction over the last 12 months and whether demand is accelerating or cooling.
Liquidity68How quickly it sells pre-owned and how close resellers' buy and sell prices are.
Scarcity54How hard it is to get new. Hermès offers its most wanted pieces only to established clients.
Value entry61Where today's resale price sits against its own history. Buying a dip scores high; buying a peak scores low.
Authenticity64How safe it is to buy pre-owned. The most wanted pieces are the most counterfeited.

Reality check: real sales

10 eBay sales in the last 12 months (18 in 3 years) · median $5,200 · middle half $5,000 to $5,700

SoldPriceListing
Oct 14, 2026$4,500View sale ↗︎
Sep 27, 2026$5,700View sale ↗︎
Aug 20, 2026$5,000View sale ↗︎
Jun 9, 2026$6,500eBay
May 1, 2026$5,675eBay
Apr 23, 2026$5,310eBay

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

An open tote with a single snap closure, designed to be roomy and practical.

It comes in canvas or leather versions, and is one of the easiest Hermès bags to buy new.

Resale sits below retail for most versions, because supply is plentiful.

It is the best Hermès for people who want a work or travel bag rather than a collector's piece.

The Neo Garden 23, added in 2024, is the exception: a small leather version that resells above its boutique price.

Our verdict: The one Garden Party that trades over retail: about 20% over its $4,475 boutique price in leather.

If you like this one

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