Hermès Vault › All references › Kelly Crocodile Mini 20
Estimated resale for an example in excellent condition, in the stated exotic skin. Dashed line marks the boutique price.
64 matching lots sold at Christie's in the last 3 years · middle half $48,600 to $66,500
| Sold | Price | Where |
|---|---|---|
| Sep 23, 2026 | $45,696 | Christie's ↗︎ |
| Jun 12, 2026 | $46,804 | Christie's ↗︎ |
| Jun 12, 2026 | $70,206 | Christie's ↗︎ |
| May 25, 2026 | $51,883 | Christie's ↗︎ |
| May 25, 2026 | $64,854 | Christie's ↗︎ |
| May 25, 2026 | $48,640 | Christie's ↗︎ |
| May 25, 2026 | $48,640 | Christie's ↗︎ |
| May 25, 2026 | $178,348 | Christie's ↗︎ |
Prices realised at Christie's, buyer's premium included, converted to USD at the rate for the sale month. eBay has too few sales of this piece, so the resale range comes from these auction results.
The Kelly in crocodile or alligator is one of the most formal bags Hermès makes, and the structured Sellier version shows off the scale pattern best.
The Mini Kelly II in shiny Porosus is the standout: it combines the hottest size with the most coveted skin. At auction the Mini sells around retail on average, with shiny Porosus at the top.
Larger exotic Kellys trade much closer to boutique price, because buyers paying exotic money overwhelmingly want small bags.
Exotic skins need CITES paperwork across borders, and some US states restrict crocodile sales, so check the seller can legally ship to you.
Our verdict: The Mini is a trophy. The 25 is a fair hold; the 28 is a buy-to-wear exotic.
Buy only from authenticated resellers or with a professional authentication. The most wanted Hermès pieces are also the most counterfeited.
The Crown Index grades it S (91/100) from real resale data, and today's call is wait for a dip. It holds its value well, but the market price is steep right now. Past prices are not a forecast.