The Crown Index › Hermès Vault › Kelly Dépêches 25
HERMÈS · SINCE 2003
Grade F · 44/100
| Boutique retail (2026) | $11,100 |
|---|---|
| Resale today | $6,500 – $8,500 |
| Vs retail | -32% |
| 1-year trend | -2% |
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 flat document pouch with the Kelly turnlock, sized for a tablet or papers rather than everyday carry.
It borrows the Kelly name and hardware but none of the Kelly's allocation scarcity, since it is a work accessory.
Pre-owned prices on eBay sit well under its $11,100 boutique price.
It is a beautiful object, but resale treats it as a large leather pouch, not as a Kelly.
Our verdict: Kelly hardware without Kelly resale. Expect to lose about a third.
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.