Hermès Picotin Lock 18

Grade B · 76/100

Other sizes: 22

Retail vs resale

Boutique retail (2026)	$3,800
Resale today	$4,800 – $6,500
Vs retail	+49%
1-year trend	+3%

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

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 holds above retail, especially in popular neutral and green shades.

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.

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.