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Hermès · since 2016

Hermès Mini Kelly II 20

87SCORE / 100A+
Grade A+: strong buy-and-holdToday's call · WAIT FOR A DIP

Rank #12 of 91 in the Hermès Vault

Boutique (2026)$11,400
Resale today$20,900–26,500
Vs retail+108%
1-year+15%
Build yours in the Hermès VaulteBay listings ↗︎

Median sold price by quarter

Boutique $11,400 Q4 2024Q2 2026 $14,900

Each point is the median eBay sold price for one quarter, all conditions, counting quarters with 3 or more sales (22 sales over 3 years). Dashed line marks the boutique price.

Resale scorecard

Momentum74Price direction over the last 12 months and whether demand is accelerating or cooling.
Liquidity90How quickly it sells pre-owned and how close resellers' buy and sell prices are.
Scarcity98How hard it is to get new. Hermès offers its most wanted pieces only to established clients.
Value entry44Where today's resale price sits against its own history. Buying a dip scores high; buying a peak scores low.
Authenticity36How safe it is to buy pre-owned. The most wanted pieces are the most counterfeited.

Reality check: real sales

8 eBay sales in the last 12 months (22 in 3 years) · median $21,000 · middle half $20,900 to $26,500

SoldPriceListing
Jul 27, 2026$26,000eBay
Jun 7, 2026$10,550eBay
Jun 4, 2026$14,900eBay
Apr 27, 2026$25,015eBay
Apr 1, 2026$26,500eBay
Feb 11, 2026$21,000eBay

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

A 20cm Kelly with a removable shoulder strap, launched in fall 2016 as a reissue of the Micro Kelly, and one of the hardest Hermès bags to be offered at a boutique.

Its tiny size fits the way people actually dress now, which is why resale runs at roughly double boutique price.

Because demand is so high, it is a frequent target for counterfeiters, and fakes can be very convincing.

Authentication through a reputable reseller or professional service is not optional at this price.

Our verdict: The hottest bag in the vault, and the riskiest to buy privately. Pay for authentication.

If you like this one

Open the Mini Kelly II in the VaultBrowse all Hermès references

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 Mini Kelly II 20 worth?

Recorded eBay sales from the last 12 months put the typical Hermès Mini Kelly II 20 at $21,000, with the middle half selling between $20,900 and $26,500 (8 sales). Condition, leather, color and hardware move the price within that range.

Does the Hermès Mini Kelly II 20 sell above retail?

Yes. The typical sale of $21,000 is about 84% above the $11,400 retail price.

Is the Hermès Mini Kelly II 20 a good investment?

The Crown Index grades it A+ (87/100) 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.

Head to head

Hermès Mini Kelly II 20 vs Hermès Kelly Pochette Clutch →