The Crown Index › Hermès Vault › Rodeo So Black PM

HERMÈS · SINCE 2018

Hermès Rodeo So Black PM

Grade A · 83/100

Retail vs resale

Boutique retail (2026)$690
Resale today$1,120 – $1,390
Vs retail+82%
1-year trend+4%

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

An all-black Rodeo with black hardware, matching the rare So Black bags where even the metal is black.

It is released rarely and in small quantities.

Collectors pay roughly double retail for it.

It pairs with almost any bag, which keeps demand broad.

Our verdict: The collector's Rodeo. Trades near double 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.