The Crown Index › Hermès Vault › Mini Kelly II 20
HERMÈS · SINCE 2017
Grade S · 92/100
| Boutique retail (2026) | $10,800 |
|---|---|
| Resale today | $30,000 – $42,000 |
| Vs retail | +233% |
| 1-year trend | +7% |
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 20cm Kelly with a removable shoulder strap, reintroduced in its modern form around 2017, 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 often runs three times boutique price.
Because demand is so extreme, it is also one of the most counterfeited bags in the world, and fakes have become 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.
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.