Hermès Constance vs Kelly (2025): Which Is the Better Investment?
Both are S-Tier Hermès investments that consistently trade at or above retail. The Constance wins on wearability and crossbody freedom; the Kelly 25 Sellier is arguably the single best investment bag in the luxury market globally.
| Aspect | Constance | Kelly |
|---|---|---|
| Launched | 1959 | 1935 (renamed 1977 after Grace Kelly) |
| Shape | Envelope flap — slim, flat, structured | Trapezoidal frame — rigid with four feet |
| Closure | H clasp — single turn-lock | Toggle closure + two belted straps |
| Sizes | 14cm, 18cm (most sought), 24cm | 20, 25 (most sought), 28, 32, 35, 40cm |
| New price | $6,800–9,500 (฿245,000–฿342,000) 18–24cm | $9,200–14,500 (฿331,000–฿522,000) 25–32cm |
| Pre-owned entry | $5,200–8,000 (฿187,000–฿288,000) 18cm | $7,500–12,000 (฿270,000–฿432,000) 25–28cm |
| Resale retention | 85–110%+ (often above retail) | 90–130%+ (Kelly 25 Sellier: consistently above retail) |
| Investment tier | S-Tier (crossbody demand drives floor) | S+ Tier (top 3 most investable bags globally) |
| Bangkok note | Available via Hermès Siam Paragon waitlist | Same waitlist — Kelly allocation even more restricted |
Kelly 25 Sellier: the single best investment bag
The Kelly 25 Sellier in Togo/Epsom Noir with PHW has exceeded retail consistently 2019–2024. A $9,200 retail piece has sold pre-owned for $14,000–18,000 (฿504,000–฿648,000) — up to 95% above retail. Waitlist years + timeless design + active celebrity placement = sustained demand floor unlike any other bag.