Kelly 25 Pre-spend
A Kelly 25 from the boutique starts at around USD $13,700, but with the pre-spend requirement, your total spend can hit USD $27,000 to $41,000.
Read more for the full breakdown, including what affects the price and why not all Kelly 25s cost the same. The secondhand market exists for a reason. (Prespend ratios are community-reported estimates. Hermès does not publish official thresholds.)
No official rule... but
To be offered a quota bag like Kelly, you have to spend a significant amount on other Hermès products first. The widely reported pre-spend range in US for a Kelly 25 is 1x to 2x the retail price.
Not all Kelly 25 are equal
The leather is the biggest variable that affects retail price
• Togo / Epsom from USD$13,700
• Chèvre Mysore from USD$14,700
• Ostrich from USD$30,000+
Sellier or Retourné, same price now
For years, the Sellier (structured, exterior stitching) was priced above the Retourné (softer, interior stitching). As of January 2026, Hermès aligned both constructions at the same retail price.
No pre-spend, Just the bag
The secondhand market means you skip the pre-spend, the SA relationship, the wait. And you choose the exact leather, colour, and hardware you want. Same Kelly 25. Different path.
Looking for Kelly 25?
We source authenticated Kelly, from brand new to preloved, across leathers, colours, and hardware finishes. Contact us to enquire.