You remembered the article we wrote about Chanel bag is an investment? Well, let’s do another one, shall we?

Take a look at this bag, do you know its name? I bet you do, it’s the Chanel Extra Mini Classic Flap Bag. But do you also know its current retail price? Yes, it’s priced at $2,900 USD, or in euro’s €2.020 as per November 2014.

But anyways, that’s the retail value, not the actual value when a seasonal color is discontinued. You see, The Extra Mini Classic Flap Bag is very wanted and Chanel changes the leathers and colors in every season. When the season is over, the color will be or can be discontinued for a long time and that’s when the value increases.

This is a Chanel Extra Mini Classic Flap Bag in Fuschia and it’s made from lambskin. The bag might be even used or have some minor imperfections, do you know how much its retailing for? $4,699 USD, yes translate that in euro’s and that will be €5.222,42.

Of course, the condition needs to be good, it can be used, but not like destroyed or abused. Minor errors are accepted, as long as it is presentable.

I received many questions from bag owners about how much their bags are retailing. It’s hard to say as it depends on the condition, color and so on. But to sell an Extra Mini Classic Flap Bag like this one for such a price, well, it takes time. But when time passes, you will meet the right buyer. But if you need to cash-in right now, of course you need to lower your prices.

Here you go, your Chanel bag is worth more than you think! So how much is your bag worth?

This is a Chanel Extra Mini Classic Flap Bag, measuring 4 x 2 x 7 (H x D x W) inches, priced at $4699 USD at Farfetch.