The Crown Index › Hermès Vault › In-the-Loop 23
HERMÈS · SINCE 2021
Grade D · 48/100
Other sizes: 18
| Boutique retail (2026) | $6,200 |
|---|---|
| Resale today | $4,200 – $5,600 |
| Vs retail | -21% |
| 1-year trend | -3% |
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.
A soft tote with a leather loop that passes through a Kelly-style clasp, combining casual canvas-tote ease with Hermès hardware.
It is sold freely and made in Clemence and Swift.
Resale sits below retail, so pre-owned is the value play.
The smaller 18 holds value better than the 23.
Our verdict: A casual Hermès to use. Buy pre-owned below retail.
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Buy only from authenticated resellers or with a professional authentication. The most wanted Hermès bags are also the most counterfeited.