The ever so coveted Chanel 11.12 Classic Flap bag is arguably the dream bag for most people. However, little do some know that it’s relatively the same price as a Myvi, which is one of the most popular cars in Malaysia. Both would set you back between RM50,000 and RM60,000, for the Myvi it would depend on the specs, for the classic flap, it would depend on its size.
Chanel Bags Same Price as Myvi
For fashion lovers who can afford it, a luxury bag may seem more appealing than a car. Yet, it’s important to note that handbags—even from top designers—are not guaranteed investments. Hermès bags have lost value in recent years, and the same applies to the Chanel Classic Flap.
A second‑hand Classic Flap in good condition is valued around RM20,000–RM30,000, roughly the price of a manual Perodual Axia. Just a decade ago, a small Classic Flap cost RM15,000; today, prices have surged to RM53,000, underscoring the drastic inflation in luxury fashion.
You’d be lucky to get a fragment of a handbag at Chanel for RM15,000 now. It’s observed that most people are buying their bags second hand, as prices are better but they’re still not cheap.
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