The Chanel Classic Flap is one of the most widely recognized bags in the handbag world—it has become synonymous with the ...

Undisputedly one of fashion’s most coveted pieces, the Chanel Flap Bag is a timeless icon. Introduced in the 1950s as a breakthrough in designer handbags, the 2.55 Flap Bag dared to challenge ...

This hasn’t always been the case, though. When the Chanel Classic Flap bag was first released in 1983, the cost was $1,000 (about $3,000 in today’s value), according to Sotheby’s. Its cost ...

The bag, like the entire collection, was inspired by Coco Chanel’s collection of coromandel screens. Courtesy of Chanel The flap bag (aka 11.12) has been a house signature since 1983.

But the classic bag isn’t the only one that’s increasing in price. The Reissue 2.55 has gone up by almost the same percentage, and the Boy Bag, which was conceived under Karl Lagerfeld in 2012 ...