Hermès · Quota Icons
Hermès Constance 18 Resale Value & Cost Per Wear

Boutique retail
$11,900
$12,912 with sales tax
Resale today
$20,500
172% of retail retained
5-yr net
+$2,796
4.0% annualized
Returned per wear
$31.07
90 wears in 5 years
Baseline: bought new at the boutique with 8.5% sales tax, kept 5 years, consigned at 25% commission, after $1,250 of insurance and reconditioning. Adjust everything below.
Model your Constance 18
Pre-filled with Hermès Constance 18 figures. The two inputs that decide the outcome are the consignment commission and how often you actually carry it.
The bag
Boutique price is what you pay new. Resale is what the market pays today, and the starting point for every projection.
List price before sales tax.
72% above retail. Projection starts here.
Cost of keeping it
Sales tax and the consignment commission are never recovered. Together they decide the result more than the bag does.
$1,012 on this purchase, and never recovered.
Resale platforms take 15–40%. Selling privately is cheaper and slower.
A scheduled personal-articles rider, roughly 1–1.5% of value.
Cleaning, edge paint, hardware, interior.
Charged only in the years one actually falls due.
Used for the cost-per-wear figure below.
Hermès Constance 18 — 5-year net
+$2,796
gain after commission and upkeep
$559 per year · $31.07 back per wear
$11,900 plus $1,012 sales tax
190% of boutique retail
Total across the holding period
You recover 131% of what the bag cost you. It first breaks even in year 1.
Value versus what you actually keep
The gap between the two lines is sales tax, commission, insurance, and reconditioning.
- Resale value
- Value after commission & upkeep
Full breakdown
The hardest Hermès quota bag to be offered, and the smallest bag here with a five-figure resale price.
Hermès Constance 18 at a glance
- Size and leather
- 18 cm · Epsom leather
- Material
- Epsom calfskin
- Dimensions
- 18 × 15 × 5 cm
- Category
- Quota Icons
- Typical use
- 18 wears a year
- Boutique access
- ~3 years of history
Constance 18 market position
Production is far smaller than Birkin or Kelly, which keeps the premium high, but the buyer pool is narrower too. Liquidity is the weak point: the price is strong, the time to sell is longer.
Projected resale curve
Modeled from $11,900 boutique retail over five years.
What ownership costs
One of the few that pays you back. After 25% commission and $1,250 of upkeep, five years with the Constance 18 leaves you $2,796 ahead.
- Sales tax at purchase
- $1,012
- Insurance per year
- $250
- Reconditioning
- $750 / 6 yrs
- Consignment commission
- $5,653
- Returned per wear over 5 years
- $31.07
Hermès Constance 18 — common questions
- How much does a Hermès Constance 18 cost?
- Boutique retail is $11,900 before tax. On the resale market an excellent-condition example currently asks around $20,500, a premium of 72% over retail. With sales tax at 8.5%, buying new costs $12,912 out of pocket.
- Does the Hermès Constance 18 hold its value?
- Yes, and it is one of the few that does. Held 5 years and sold at 25% consignment commission, the Hermès Constance 18 returns about $16,958 against an all-in cost of $12,912 plus $1,250 of insurance and reconditioning — a net gain of roughly $2,796. That is a modeled projection, not a forecast.
- What is the cost per wear of a Hermès Constance 18?
- At a typical 18 wears a year over 5 years — 90 wears in total — and after recovering $16,958 on resale, the Hermès Constance 18 works out at about $31.07 returned per wear, because the resale market returns more than the bag and its upkeep cost. Kept rather than sold it costs $157.35 per wear, since nothing comes back.
- Is the Hermès Constance 18 worth buying at retail or pre-owned?
- Retail, decisively — if you can be offered one. The boutique price is $11,900 against $20,500 on the resale market, so an offer at retail is worth about $8,600 the day you collect it. Expect roughly 3 years of purchase history before that offer comes.
- What does it cost to maintain a Hermès Constance 18?
- Budget approximately $750 for a full reconditioning — cleaning, edge paint, hardware, and interior — roughly every 6 years, plus around $250 a year to schedule it on a personal-articles policy. Over 5 years that totals about $1,250. Epsom calfskin is the variable: it decides how often the bag needs attention and how harshly resale grades the wear.
Compare with

Hermès
Birkin 25
Togo calfskin
- Retail
- $12,100
- Resale
- $27,500
- Retained
- 227%

Hermès
Birkin 30
Togo calfskin
- Retail
- $12,900
- Resale
- $24,000
- Retained
- 186%

Hermès
Kelly 28
Epsom calfskin
- Retail
- $13,600
- Resale
- $25,000
- Retained
- 184%

Chanel
Classic Flap Medium
Caviar calfskin
- Retail
- $11,800
- Resale
- $9,200
- Retained
- 78%
Path to own
How long until you can own this?
Carrying a Hermès Constance 18 costs about $31 a month once finance and running costs are combined — implying roughly $7,414 of net monthly income at 5% of net monthly income, plus $22,243 up front. Enter your own figures to see which of those two is actually your constraint, and when it clears.
Calculate how many years away you are →