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Hermès · since 2009

Hermès Herbag Zip 31

3139
51SCORE / 100D
Grade D: buy it to useToday's call · USE, NOT INVEST

Rank #70 of 91 in the Hermès Vault

Boutique (2026)$3,525
Resale today$1,730–3,200
Vs retail-30%
1-year-4%
Build yours in the Hermès VaulteBay listings ↗︎

Median sold price by quarter

Boutique $3,525 Q4 2023Q3 2026 $1,775

Each point is the median eBay sold price for one quarter, all conditions, counting quarters with 3 or more sales (99 sales over 3 years). Dashed line marks the boutique price.

Resale scorecard

Momentum38Price direction over the last 12 months and whether demand is accelerating or cooling.
Liquidity60How quickly it sells pre-owned and how close resellers' buy and sell prices are.
Scarcity40How 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.
Authenticity70How safe it is to buy pre-owned. The most wanted pieces are the most counterfeited.

Reality check: real sales

29 eBay sales in the last 12 months (99 in 3 years) · median $2,450 · middle half $1,733 to $3,150

SoldPriceListing
Oct 12, 2026$1,700View sale ↗︎
Sep 25, 2026$2,000View sale ↗︎
Sep 21, 2026$3,300View sale ↗︎
Sep 9, 2026$2,958View sale ↗︎
Aug 30, 2026$1,830View sale ↗︎
Aug 26, 2026$1,200View sale ↗︎

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

A canvas and leather bag with a removable inner pouch, so it can change looks. It first appeared in the 1980s as a more casual take on the Kelly, keeping its trapezoid shape and turnlock, and returned as the Herbag Zip in 2009.

It is the most casual Hermès in the vault, lighter and easier to care for than all-leather bags.

Resale generally sits below retail because the canvas body and wide availability keep demand modest.

It is a great entry point if you want Hermès for everyday use rather than collecting.

Our verdict: An easy, casual Hermès. Buy pre-owned at the discount.

If you like this one

Open the Herbag Zip in the VaultBrowse all Hermès references

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 Herbag Zip 31 worth?

Recorded eBay sales from the last 12 months put the typical Hermès Herbag Zip 31 at $2,450, with the middle half selling between $1,730 and $3,200 (29 sales). Condition, leather, color and hardware move the price within that range.

Does the Hermès Herbag Zip 31 sell above retail?

No. The typical sale of $2,450 is about 30% below the $3,525 retail price.

Is the Hermès Herbag Zip 31 a good investment?

The Crown Index grades it D (51/100) from real resale data, and today's call is use, not invest. Weak resale; buy it to use, not to make money. Past prices are not a forecast.