Price of Chanel Bags Could Skyrocket in August "European Chanel experts" say that the price of classic style Chanel bags just went up 20 percent on the Continent. A price hike on Chanel purses is rumored to occur here on August 1. In 2008, the Reissue bag that now costs $3,600 cost only (only!) $2,850. Come August 1, the price could go up to $4,100. Fashion experts notes, "Remember, price hikes are always rumored and your stockpile of Chanel bags will not sustain you during a nuclear explosion." LOL.
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