The Crown Index › Hermès Vault › Kelly Retourne 28

HERMÈS · SINCE 1935

Hermès Kelly Retourne 28

Grade A · 80/100

Other sizes: 2532

Retail vs resale

Boutique retail (2026)$12,400
Resale today$18,000 – $24,000
Vs retail+69%
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.

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. Small sizes still trade well above retail.

Where to buy one

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.