Hermès Vault › All references › Picotin Lock 18

Hermès · since 2000

Hermès Picotin Lock 18

72SCORE / 100B-
Grade B-: solid, selectiveToday's call · HOLD

Rank #33 of 91 in the Hermès Vault

Boutique (2026)$3,975
Resale today$2,400–4,000
Vs retail-19%
1-year-2%
Build yours in the Hermès VaulteBay listings ↗︎

Median sold price by quarter

Boutique $3,975 Q4 2023Q4 2026 $3,000

Each point is the median eBay sold price for one quarter, all conditions, counting quarters with 3 or more sales (206 sales over 3 years). Dashed line marks the boutique price.

Resale scorecard

Momentum54Price direction over the last 12 months and whether demand is accelerating or cooling.
Liquidity80How quickly it sells pre-owned and how close resellers' buy and sell prices are.
Scarcity62How hard it is to get new. Hermès offers its most wanted pieces only to established clients.
Value entry56Where today's resale price sits against its own history. Buying a dip scores high; buying a peak scores low.
Authenticity62How safe it is to buy pre-owned. The most wanted pieces are the most counterfeited.

Reality check: real sales

104 eBay sales in the last 12 months (206 in 3 years) · median $3,250 · middle half $2,435 to $4,000

SoldPriceListing
Nov 4, 2026$3,400View sale ↗︎
Nov 3, 2026$4,600View sale ↗︎
Nov 3, 2026$3,460View sale ↗︎
Oct 31, 2026$3,000View sale ↗︎
Oct 28, 2026$2,365View sale ↗︎
Oct 12, 2026$2,600View 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

A simple bucket bag inspired by the feed bags used for horses, with a small padlock strap across the top.

It is one of the most attainable Hermès leather bags and often a client's first step toward a Birkin or Kelly offer.

Resale sits a little below retail in the 18 and 22 and further below in the 26, with popular neutral and green shades doing best.

Light and easy to use, it is a practical everyday Hermès.

Our verdict: A realistic first Hermès that keeps its value. Easy to buy, easy to resell.

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 Picotin Lock 18 worth?

Recorded eBay sales from the last 12 months put the typical Hermès Picotin Lock 18 at $3,250, with the middle half selling between $2,400 and $4,000 (104 sales). Condition, leather, color and hardware move the price within that range.

Does the Hermès Picotin Lock 18 sell above retail?

No. The typical sale of $3,250 is about 18% below the $3,975 retail price.

Is the Hermès Picotin Lock 18 a good investment?

The Crown Index grades it B- (72/100) from real resale data, and today's call is hold. Solid resale, with limited room to grow from today's price. Past prices are not a forecast.

Head to head

Hermès Picotin Lock 18 vs Hermès Picotin Lock 22 →