The Crown Index › Hermès Vault › Haut à Courroies 40

HERMÈS · SINCE 1892

Hermès Haut à Courroies 40

Grade D · 53/100

Retail vs resale

Boutique retail (2026)$18,500
Resale today$10,600 – $17,800
Vs retail-23%
1-year trend+9%

Estimates for Togo leather with gold hardware in excellent condition. Other leathers, hardware and colors move the price; see the full guide in the interactive vault.

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.

Where to buy one

eBay listings ↗Open in the Hermès Vault

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