If you’re all about that luxury life, you’ve probably heard about the Louis Vuitton Price Increases 2023, right?
Well, let’s dive into the juicy details because staying in the know is a must for any fashionista on a budget.
Louis Vuitton has been notorious for tweaking their price tags, and 2023 is no exception.
Brace yourself, because we’ve seen these price hikes happening a few times a year, and the first one for this year went down in June.
But hold on to your hats, because it’s not all equal across the board.
Leather items have taken the brunt of it more than those chic canvas pieces.
Louis Vuitton Price Increases 2023
These tables provide a detailed overview of the Louis Vuitton price increases in the UK and the US for June 2023.
The tables include various Louis Vuitton bag models, their original prices, new prices, the increase in prices in the respective currencies, and the percentage increase.
Let’s get started.
UK Louis Vuitton Price Increase 2023
In 2023, Louis Vuitton implemented a price increase on some of its iconic designer bags in the UK.
The UK price increase ranges from -1% to 17%, with some bags seeing a price decrease, while others experience price hikes.
|Bag Model||Original Price £||New Price £||Increase in £||% Increase|
|Nano Speedy (new model)||£1260||£1380||£120||10%|
|Speedy Bandoulière 20||£1830||£1930||£100||5%|
|Speedy Bandoulière 25||£1310||£1420||£110||8%|
|Speedy Bandoulière 30||£1350||£1470||£130||9%|
|Speedy Bandoulière 35||£1400||£1510||£110||8%|
|Mini Boite Chapeau||£1690||£1740||£50||3%|
|Boite Chapeau Souple PM||£1550||£1600||£50||3%|
|Boite Chapeau Souple MM||£2080||£2200||£120||6%|
|Mini Pochette Accessoires||£515||£530||£15||3%|
|Petit Sac Plait (Canvas)||£1260||£1380||£120||10%|
|Petit Sac Plait (Leather)||£1350||£1470||£120||9%|
|Multi Pochette Accessories||£1830||£1970||£140||8%|
|Coussin Belt Bag||£1690||£1690||£0||0%|
|Coussin PM Bag||£3400||£3400||£0||0%|
|Coussin MM Bag||£3850||£3850||£0||0%|
|New Chain Bag (Passy)||£1680||£1970||£390||17%|
|Keepall Bandoulière 45||£1740||£1930||£190||11%|
|Keepall Bandoulière 50||£1790||£1970||£180||10%|
|Keepall Bandoulière 55||£1830||£2020||£190||10%|
|Keepall Bandoulière 60||£1690||£-||£-||%|
|Reverse Pochette Metis||£1830||£1970||£140||8%|
|East-West Pochette Metis||–||£2200||–||–|
|New Mini Bumbag||–||£1460||–||–|
|NeoNoe BB (small size)||NEW||UNKNOWN||–||–|
|Side Trunk PM Bag||NEW||£2840||–||–|
|OnTheGo GM (canvas)||£2250||£2340||£90||4%|
|OnTheGo MM (canvas)||£2160||£2250||£90||4%|
|OnTheGo PM (canvas)||NEW||£2250||–||–|
|OnTheGo PM (leather)||£2320||£2380||£60||3%|
|OnTheGo MM (leather)||£2420||£2480||£60||3%|
|OnTheGo GM (leather)||£2510||£2570||£60||3%|
|Palm Springs Mini Backpack||£1740||£1830||£90||5%|
|Palm Springs Backpack PM||£1830||UNKNOWN||–||–|
|Palm Springs Backpack MM||£1940||UNKNOWN||–||–|
|Toiletry Pouch 26||£360||discontinued||–||–|
|LockMe Ever Mini||£2290||£2380||£90||4%|
|City Steamer PM||£2710||£2710||£0||0%|
|City Steamer MM||£3100||£3100||£0||03%|
Louis Vuitton June 2023 Price Increase – US
On the other hand, the US price increase table shows that most bag models have maintained their original prices, with no significant price changes.
|Bag Model||Original Price $||New Price $||Increase in $||% Increase|
|Speedy Bandoulière 20||$2570||$2570||$0||0%|
|Speedy Bandoulière 25||$1820||$1820||$0||0%|
|Speedy Bandoulière 30||$1890||$1890||$0||0%|
|Speedy Bandoulière 35||$1960||$1960||$0||0%|
|Coussin Belt Bag||$2430||$2430||$0||0%|
|Petit Sac Plait (Canvas)||$1830||$1830||$0||0%|
|Petit Sac Plait (Leather)||$1690||$1690||$0||0%|
|Mini Boite Chapeau||$2370||$2370||$0||0%|
|Boite Chapeau Souple PM||$2170||$2170||$0||0%|
|Boite Chapeau Souple MM||$2910||$2910||$0||0%|
|Mini Pochette Accessoires||$745||$745||$0||0%|
|Multi Pochette Accessories||$2570||$2570||$0||0%|
|New Chain Bag (Passy)||$2570||$2570||$0||0%|
|Keepall Bandoulière 45||$2440||$2440||$0||0%|
|Keepall Bandoulière 50||$2500||$2500||$0||0%|
|Keepall Bandoulière 55||$2570||$2570||$0||0%|
|Keepall Bandoulière 60||$2640||$2640||$0||0%|
|Reverse Pochette Metis||$2570||$2570||$0||0%|
|East-West Pochette Metis||NEW||$2910||–||–|
|NEW Mini Bumbag||NEW||$2030||–||–|
|Side Trunk PM Bag||NEW||£||–||–|
|OnTheGo PM (leather)||$3250||$3250||$0||0%|
|OnTheGo MM (leather)||$3400||$3400||$0||0%|
|OnTheGo GM (leather)||$3500||$3500||$0||0%|
|Palm Springs Mini Backpack||$2440||$2440||$0||0%|
|Palm Springs Backpack PM||$2570||$2570||$0||0%|
|Palm Springs Backpack MM||$2710||$2710||$0||0%|
|Toiletry Pouch 26||$580||discontinued||–||–|
|LockMe Ever Mini||$3200||$3200||$0||0%|
|City Steamer Mini||$3500||$3500||$0||0%|
|City Steamer MM||$4350||$4350||$0||03%|
It’s clear that there have been both price increases and decreases across various Louis Vuitton bag models. It’s essential to keep these changes in mind when considering your next designer bag purchase.
Remember, while price changes can be disappointing, the quality and craftsmanship of Louis Vuitton bags continue to make them desirable and sought-after accessories.
Which Louis Vuitton has the highest resale value?
The Louis Vuitton bag with the highest resale value can vary depending on several factors, including the bag’s condition, rarity, and demand in the secondhand market.
However, some Louis Vuitton bags tend to have a reputation for holding their value well.
Limited edition and discontinued models can also command high prices in the resale market.
If you’re looking to invest in a Louis Vuitton bag that retains its value, it’s essential to research current market trends and consider the bag’s condition and rarity.
How Regular Are Louis Vuitton Price Increases?
Louis Vuitton typically adjusts its prices periodically to account for factors such as inflation, changes in production costs, and market demand.
Price increases can vary in frequency and magnitude, and they are not always on a fixed schedule. While there is no set pattern for Louis Vuitton price increases, they tend to occur every year or so.
It’s worth noting that Louis Vuitton may implement price increases at different times in various regions, and the exact timing can be challenging to predict.
To stay informed about price changes, it’s advisable to regularly check the official Louis Vuitton website or consult with Louis Vuitton boutiques and authorized retailers.
Does Louis Vuitton Gain Value?
Louis Vuitton bags are known for their quality, craftsmanship, and iconic status, which can contribute to their value over time.
While Louis Vuitton bags can maintain or even increase in value in the secondary market, this is not guaranteed for all models.
Several factors influence whether a Louis Vuitton bag gains value:
- Condition: The bag’s condition plays a significant role in its resale value. Well-maintained, gently used bags are more likely to retain or increase in value.
- Rarity: Limited edition or discontinued Louis Vuitton bags can become collectors’ items and may appreciate in value due to their scarcity.
- Demand: Bags that remain popular and in high demand among consumers are more likely to hold their value or appreciate.
- Authentication: Authenticity is crucial in the resale market. Counterfeit or fake Louis Vuitton bags do not have the same value as genuine ones.
- Original Price: The bag’s original retail price can impact its resale value. Higher-priced Louis Vuitton bags often have more room for appreciation.
While some Louis Vuitton bags have gained value over time, it’s essential to approach them as a luxury accessory rather than a guaranteed investment.
If you plan to buy Louis Vuitton for potential resale value, research the specific model and its historical performance in the secondary market.
Keep in mind that fashion trends and consumer preferences can change, affecting the value of luxury items.
So, which Louis Vuitton bag are you eyeing, and how do these price changes affect your decision? Let us know in the comments below!