What every collector needs to know about Hermès handbags
Christie’s Handbags & Accessories specialists look at the ‘holy trinity’ of Hermès bags — the Kelly, the Constance and the Birkin — and offer an expert guide to what new and experienced collectors should look for
Hermès bags — history, and quality as an investment
Thierry Hermès began his career in 1837 crafting harnesses, and from the outset was fastidious in his devotion to materials, quality and craft. In 1880, Hermès and his sons introduced saddlery to their array of products.
In the 20th century, Hermès further enhanced its product range by adding accessories for women, including carrés, or silk scarves, and sacs. The techniques that for two centuries were used to craft the highest quality saddles are still seen today in the ateliers where Hermès craftsmen and women stitch and sew Birkin and Kelly handbags by hand.
A limited edition black volupto leather rock birkin 25 with palladium hardware, Hermès, 2023. 25 w x 19 h x 14 d cm. Estimate: HK$380,000–550,000. Offered in Handbags & accessories on 25 November 2023 at Christie’s in HongKong
It takes a single expert craftsman up to 40 hours to produce a Birkin bag. The stitch on which the brand’s reputation is based — the saddle — cannot be replicated by a machine; it takes two needles simultaneously passing through the same seam to produce a Birkin correctly. If done correctly, the saddle stitch will never unravel — either on a saddle or a Birkin.
The birth of the Hermès Kelly bag
A shiny bleu saphir porosus crocodile sellier kelly 25 with gold hardware, Hermès, 2022. 25 w x 19 h x 9 d cm. Estimate: HK$400,000–500,000. Offered in Handbags & accessories on 25 November 2023 at Christie’s in HongKong
Émile-Maurice Hermès was the creative mind behind the first Hermès accessories. After the advent of the automobile, Émile-Maurice diversified the Hermès offerings with an array of products that reflected the changing times. For example, Hermès became the first French firm to introduce the modern zipper mechanism in leather goods and clothing.
Among his many contributions was the ‘Sac à dépêches’, which was produced in 1935 for his wife to carry. The bag would go on to achieve worldwide recognition 20 years later, when in 1956 Princess Grace Kelly used her ‘Sac à dépêches’ to shield her baby bump from the paparazzi. In an early instance of what might today be described as ‘viral marketing’, Hermès received so many requests for ‘The Kelly Bag’, as it became immediately known, that it was renamed in honour of the princess.
The origins of the Hermès Birkin bag
A matte bleu marine alligator birkin 30 with palladium hardware, Hermès, 2018. 30 w x 22 h x 15 d cm. Estimate: HK$300,000–400,000. Offered in Handbags & accessories on 25 November 2023 at Christie’s in HongKong
The story of the invention of the Birkin bag — the result of the chance meeting in 1983 between actress Jane Birkin and Jean-Louis Dumas, then creative director of Hermès — has become legendary among Hermès lovers. The two were seated next to each other on an international flight. When Dumas asked why she travelled with a simple straw tote, Birkin explained that most leather bags were too structured for her taste. Birkin ‘wanted something much more boho’, according to Caitlin Donovan, head of department, Handbags and Accessories at Christie’s in New York. ‘The two actually came up with the design for the bag on that flight, on the back of an airsickness bag.’ Since its inception, the specialist adds, the Birkin ‘has changed little in style or function’.
Silk scarves by Hermès have inspired handbag designs

A limited edition rose Mexico swift leather & marble Constance 24 with palladium hardware, Hermès, 2020. Sold for £21,250 on 23 June, Online
As is the case with many iconic Hermès products, the silk scarf was inspired by an item of equestrian clothing — the riding silk, with Émile-Maurice producing the first carré in 1937. Up to 36 colour frames are prepared and meticulously printed on the finest Chinese silk. Today more than 2,000 scarf designs have been produced, and an Hermès scarf is sold worldwide every 25 seconds.
The architect, illustrator and artist Nigel Peake created the ‘On a Summer Day’ scarf for Hermès, its whimsical, abstract cityscape exemplifying the house’s irreverent sense of humour and sophisticated aesthetic. Two Constance bags were created, which used Peake’s graphic as inspiration — the ‘On a Summer Day’ and ‘On a Summer Night’ Constance bags.
In 2018, Peake again collaborated with Hermès on a limited edition bag. The One Two Three & Away We Go Birkin is inspired by the Ferris Wheel on the Grande Roue de la Concorde in Paris.
For their Fall/Winter 2020 collection, Hermès combined their expertise in silk printing and leather craftsmanship with the debut of the ‘Marble Silk Constance.’ Crafted in extremely limited production, this rare Constance is a reflection of Hermès’ continual commitment to innovation while building upon classic design techniques.
The importance of the horseshoe stamp on an Hermès bag
A custom matte kraft & vanille alligator birkin 25 with brushed gold hardware, Hermès, 2023. 25 w x 19 h x 14 d cm. Estimate: HK$420,000–520,000. Offered in Handbags & accessories on 25 November 2023 at Christie’s in HongKong
Collectors of Hermès are known for their encyclopaedic knowledge of materials, shades, and models. To be an Hermès expert is to be fluent in a language in which phrases such as ‘Juane Ambre Clemence K28’ and ‘Matte Mykonos Alligator B30’ are not only familiar, but represent something very specific.
To these collectors, there is no greater privilege than becoming the owner of a bag emblazoned with a horseshoe stamp, denoting that the bag was a special order, and often crafted in a combination of the season's most desirable new colors. To those who can immediately identify an Hermès hue or leather, the Special Order process remains a significant experience. These one-of-a-kind pieces can drive values sky-high.
Rose, Bleu or Rouge: colour is fundamental for collectors of Hermès bags
A custom rose azalée & bleu électrique epsom leather sellier kelly 28 with gold hardware, Hermès, 2017. 28 w x 20 h x 10 d cm. Estimate: HK$70,000–110,000. Offered in Handbags & accessories on 25 November 2023 at Christie’s in HongKong
The expertise Hermès applies to every aspect of its design extends to the rigour of its dyeing process. All leathers are treated and dyed by artisans in the workshops of Pantin. The seasonal release of colours is always anxiously anticipated, and inevitably results in comprehensive dissection by Hermès fanatics. Rumours of ‘rested’ colours being re-released are regularly circulated.
At auction, pinks and blues tend to achieve the highest values. Shades such as Rose Lipstick, Rose Azalee and Rose Sakura are known to command high prices, especially in small pieces such as the Kelly Pochette or the Kelly 25. Bleu bags, especially shades such as Bleu Marine and Bleu Saphir, are highly coveted for Birkins. Some shades are part of the Hermès canon, including Rouge Hermès, known as Rouge H, and have been collector staples for half a century.
The evolution of the Hermès Constance bag
A matte rose indien niloticus crocodile constance élan with gold hardware, Hermès, 2017. 25 w x 13 h x 7 d cm. Estimate: HK$120,000–180,000. Offered in Handbags & accessories on 25 November 2023 at Christie’s in HongKong
Said to have left the factory on the same day that Hermès designer Catherine Chaillet’s fifth child was born, the Constance bag entered the market in 1959, and was named after the designer’s newborn daughter. Although designed more than 50 years ago, the Constance’s elegant shape and functional design make it a favourite among collectors. It is said that a Constance can be harder to find than the more well-known Birkin and Kelly.
‘The Constance is a celebration of the brand’s craftsmanship and the workshop in which every Hermès piece originates. A perfect marriage of materials and colours.’
Invention, innovation and the Hermès Picnic Collection
A limited edition white swift leather & osier mini picnic kelly with palladium hardware, Hermès, 2019. 18.5 w x 13.5 h x 7 d cm. Estimate: HK$240,000–320,000. Offered in Handbags & accessories on 25 November 2023 at Christie’s in HongKong
Only Hermès would take an existing craft and spend years working towards an inventive new way to interpret materials. The delicate nature of osier, or wicker, means it is used by only the most skilled artisans. The resulting basket pattern is paired with Barenia leather, known to collectors as the material used in saddles.
‘This juxtaposition of old and new highlights the brand’s constant innovation. The Osier Kelly was first seen in 2011; five years later, Hermès invented a technique to produce wicker bags in a round shape. The 2016 Spring/Summer Picnic Party collection saw the introduction of a selection of wicker items, such as the Picnic Bolide and Farming Bag, however, as the first of this collection, the Picnic Kelly continues to be a top collector piece.’
The Hermès So Black Collection
An exceptional, black calf box leather feathers so black sellier kelly 28 with black pvd hardware, Hermès, 2010. 28 w x 20 h x 10 d cm. Estimate: HK$800,000–1,200,000. Offered in Handbags & accessories on 25 November 2023 at Christie’s in HongKong
Most people are aware that it can be difficult to find a Birkin, but few realise that this is because nearly every model is held at a very low level of production. The materials and quality intrinsic to their creation contribute to the rarity of all Hermès leather goods, which means handbag collectors can spend years searching for models in unusual materials and colours — especially shades that are more difficult to achieve.
The So Black collection, currently one of the most desirable on the market, was not always as coveted as it is today. Designed by Jean Paul Gaultier, the black hardware effect is created thanks to a PVD coating. When it was first released in 2010, it was swiftly pulled from distribution because the delicate nature of the hardware made consumers wary of its utilitarian function. Of course, this only served to attract collectors. Now, it is very rare to find one in perfect condition, like the model above.