Why I spent $5,800 on a Chanel bag
French luxury fashion house Chanel has raised the prices of its popular handbags worldwide. For example, the price of the small classic handbag has jumped by about 63% from 2019. Inflation has spiked prices at other luxury brands, but Chanel's products stand out as being especially pricey. Watch the video to learn why the prices of these luxury handbags are rising.