For his debut collection, Matthieu Blazy treated the 2.55 as what it is: a living object rather than a museum piece. The quilting was gently flattened. The flap was left open, revealing the burgundy interior. The structure appeared moulded by decades of use, the leather crinkled and softened — what Blazy called "crashed, crushed, and cherished." The bijoux chains puddled and swayed rather than hanging precisely. In the show notes: "Lived-in with the worn familiarity of the truly chic, items feel passed down and utilised." He told the Business of Fashion directly: "We did bags that are very narrative and bags that are very reduced to the function. I thought it was interesting to strip it out. Why is it Chanel? Because we say it's Chanel." The Spring 2026 2.55 in dark burgundy lambskin with gold-tone metal retails for $13,800. It is available in mini to maxi sizes, in black, tan, and burgundy, alongside silver and gold finishes — and in solid metal versions, sculptural and rigid, with a jewelry-like quality, priced on request.

The Classic Flap — the 11.12, named for the date of its relaunch — is the 2.55 as Karl Lagerfeld redesigned it in 1983: the interlocking CC clasp replacing the Mademoiselle lock, leather interwoven with the chain strap, the interior harmonized with the exterior. It is the most commercially significant bag Chanel produces and the one whose price trajectory has been most closely tracked by the luxury market. From $3,700 for the Maxi in 2010 to $13,200 in 2026 — a figure that has increased, in the fifteen years, by 257%. Chanel raises prices regularly and without announcement. The Mini Classic Flap now retails from $10,900; the Large from $12,200. Under Blazy's Spring 2026 collections, the Classic Flap appears in maxi scale — oversized, softened in suede, spotted on A$AP Rocky and Pedro Pascal and described immediately as the season's defining bag. The Maxi Flap's adjustable double leather strap — replacing the chain — is Blazy's most decisive departure from the house code: the bag without its most famous element, and still unmistakably itself.

The Chanel bag family extends well beyond the 2.55 and the Classic Flap into a contemporary range organized, like the founding bag, by date. The Boy Chanel — launched in 2011, named for Arthur "Boy" Capel, Gabrielle Chanel's great love — brought a more structured, rectangular, hardware-heavy sensibility to the Chanel bag vocabulary. The Chanel 19 — launched in 2019, named for its year — is the most relaxed member of the family: soft, slouchy, oversized, with a mixed chain and leather strap. The Chanel 22 — launched in 2022 — is a casual drawstring tote, the least structured and most utilitarian shape the house has produced. The Chanel 25 — the newest permanent addition — is the smallest and most precise: a miniature flap at the intersection of the 2.55's formality and the contemporary moment's appetite for compact scale. Each bag is a document of when it was made and for whom — Chanel's way of writing the date into the object, as it has done since 1955.

Blazy's Spring 2026 debut introduced several new formats alongside the reimagined classics. The Supermodel Tote — an archival design — returned in new textures and proportions, its name a reference to the era when it was first carried and the models who carried it. A 1991 Chanel Messenger was revisited with its oversized stitched CC logo and wide adjustable strap, now given a full flap front: two eras unified in a single silhouette. A Sphere bag in deep planet-like blue with constellation gold details and a CC kiss-lock clasp extended the collection's celestial theme into the accessories. A double-sided flap bag that could be carried from front or back. A quilted suede bowling bag with two long top handles and a small silver CC. Each new shape proposes a different relationship to the house codes — some referencing them explicitly, some stripping them back entirely. As Blazy told the Business of Fashion: "A flap bag without quilted leather. A lock without the double CC closure." The codes are most powerful when they survive their own subtraction.

Chanel handbags are among the most consistently appreciating objects in the luxury resale market — partly by design, as the house raises prices regularly and without warning (twice in 2025 alone for the Classic Flap and 2.55), and partly because demand has accelerated under Matthieu Blazy's debut. Lines outside boutiques at the Spring 2026 collection release. Demand for the Maxi Flap immediately described as impossible to source. The principle is established: a Chanel bag purchased at retail is likely to appreciate, and a bag purchased in 2010 has more than tripled in value. Vintage pieces — particularly 1950s and 1960s 2.55 bags with the original Mademoiselle lock and pure metal chain — appear at Sotheby's and Christie's and sell for $10,000 to $45,000 depending on condition and provenance. The bag that Gabrielle Chanel created to free her hands from carrying her bags has become, in the resale market, one of the most carefully transported objects in the world of luxury.

Chanel's small leather goods offer the house's formal vocabulary — the quilting, the chain, the CC hardware — at accessible entry points within the brand's overall price structure. The Wallet on Chain, known as the WOC, is the most versatile format: a small wallet with a chain strap long enough to wear crossbody, functioning as both a bag and a billfold. Card holders, coin purses, and key holders carry the camellia motif, the CC logo, and the quilted leather into the category of daily pocket objects. The small leather goods are where many clients begin their Chanel relationship — and where the formal intelligence of the house's bag vocabulary is available at its most concentrated and most personal scale. The WOC in classic black lambskin with gold hardware is among the house's most consistently requested pieces across all boutiques.