Hermès Vault › All references › Kelly Retourne 28

Hermès · since 1935

Hermès Kelly Retourne 28

73SCORE / 100B-
Grade B-: solid, selectiveToday's call · VALUE BUY

Rank #31 of 91 in the Hermès Vault

Boutique (2026)$14,400
Resale today$7,700–15,400
Vs retail-20%
1-year0%
Build yours in the Hermès VaulteBay listings ↗︎

Median sold price by quarter

Boutique $14,400 Q4 2023Q3 2026 $10,000

Each point is the median eBay sold price for one quarter, all conditions, counting quarters with 3 or more sales (126 sales over 3 years). Dashed line marks the boutique price.

Resale scorecard

Momentum52Price direction over the last 12 months and whether demand is accelerating or cooling.
Liquidity82How quickly it sells pre-owned and how close resellers' buy and sell prices are.
Scarcity86How 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.
Authenticity42How safe it is to buy pre-owned. The most wanted pieces are the most counterfeited.

Reality check: real sales

27 eBay sales in the last 12 months (126 in 3 years) · median $9,428 · middle half $7,700 to $15,389

SoldPriceListing
Nov 3, 2026$5,900View sale ↗︎
Oct 7, 2026$11,900View sale ↗︎
Sep 24, 2026$10,000View sale ↗︎
Sep 24, 2026$9,999View sale ↗︎
Sep 23, 2026$23,080View sale ↗︎
Aug 26, 2026$56,301View 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

'Retourne' means turned: the bag is stitched inside out and then flipped, which gives it softer, rounded edges and a more relaxed shape than the Sellier.

It is the more practical everyday Kelly, slightly easier to carry and slightly less formal.

Resale runs a little below the Sellier in every size, which makes the Retourne the value way into a Kelly.

Black with gold hardware is the classic, but neutrals like Etoupe and Gold are the easiest to resell.

Our verdict: The wearable Kelly at a softer price than the Sellier. Only the 25 trades above retail; the larger sizes sell below it.

If you like this one

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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 Kelly Retourne 28 worth?

Recorded eBay sales from the last 12 months put the typical Hermès Kelly Retourne 28 at $9,428, with the middle half selling between $7,700 and $15,400 (27 sales). Condition, leather, color and hardware move the price within that range.

Does the Hermès Kelly Retourne 28 sell above retail?

No. The typical sale of $9,428 is about 35% below the $14,400 retail price.

Is the Hermès Kelly Retourne 28 a good investment?

The Crown Index grades it B- (73/100) from real resale data, and today's call is value buy. Solid resale at a fair market price. Past prices are not a forecast.