Hermès Vault › All references › Haut à Courroies 40

Hermès · since 1892

Hermès Haut à Courroies 40

53SCORE / 100D
Grade D: buy it to useToday's call · USE, NOT INVEST

Rank #66 of 91 in the Hermès Vault

Boutique (est.)$18,500
Resale today$9,700–11,600
Vs retail-42%
1-year+9%
Build yours in the Hermès VaulteBay listings ↗︎

Resale price history

Boutique $18,500 201620182020202220242026 $10,650

Estimated resale for an example in excellent condition, in Togo leather with gold hardware. Dashed line marks the boutique price.

Resale scorecard

Momentum36Price direction over the last 12 months and whether demand is accelerating or cooling.
Liquidity44How quickly it sells pre-owned and how close resellers' buy and sell prices are.
Scarcity70How hard it is to get new. Hermès offers its most wanted pieces only to established clients.
Value entry64Where today's resale price sits against its own history. Buying a dip scores high; buying a peak scores low.
Authenticity44How safe it is to buy pre-owned. The most wanted pieces are the most counterfeited.

Reality check: real sales

3 eBay sales in the last 12 months (6 in 3 years) · median $10,605

SoldPriceListing
Jul 11, 2026$10,605eBay
Dec 26, 2025$6,999eBay
Dec 7, 2025$11,660eBay
Oct 30, 2024$11,250eBay
Oct 17, 2024$8,300eBay
Mar 2, 2024$10,030eBay

Sold prices from eBay via Terapeak, all conditions, including worn and vintage pieces. The resale range is centered on their median. Few sales, so treat it as a rough guide.

The story

The Haut à Courroies (HAC) is the tall saddle bag from the 1890s that the Birkin was later based on, made to carry a rider's saddle and boots.

It looks like a taller, deeper Birkin with longer straps, and it is a quiet favorite among collectors who know its history.

Large bags are out of fashion, so resale sits below retail despite low production.

The HAC 40 in black or gold Togo is the classic version.

Our verdict: The Birkin's ancestor. Rare, but the market wants small bags, so it trades under retail.

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.