Ms Zhao brought in a Picotin Lock 18 in Barénia Faubourg, 46 Ébène with gold hardware, with the lock, keys, receipt, box and dust bag all kept and nothing missing. What she came in to establish was whether a scarce leather like this shows up in the offer as a premium over the ordinary ones.
HandbagsShanghai
Hermès Picotin Lock 18 sold for CNY 13,800 — Shanghai handbag buy-back case, August 2026
At a glance
Final price
CNY 13,800
- City
- Shanghai
- Condition
- Grade B
- Accessories
- Complete set
- Payment
- 3 minutes after signing
The figure on this page is what this particular transaction settled at. It reflects the house, the model, the condition, how complete the accessories were and the market at the time, and is not a quoted price for a comparable piece.
The client
The model and the market
The Picotin Lock is Hermès’s bucket bag, closing with a lock at the mouth and unlined inside, with the 18 the small size. This one is in Barénia Faubourg, the reworked version of Barénia: hard-wearing and resistant to marking, with a settled following on the secondary market.
There is no single discount table for bags. Pricing starts with the house and the model to set a baseline, then condition and accessories make it up or take it off, and the market at the time gives the landing point; between two of the same reference, size, leather, body colour and hardware pairing are variables just the same.
How this price was set
Ms Zhao’s bag was set at CNY 13,800. The leading variable was condition — this one graded B, with wear on both the corners and the hardware, so the offer landed at the lower end of the band. The complete set of accessories gave positive support. Leather type is a reference item in the valuation, not a premium of its own.
The final figure is the market’s to decide: once inspected, the bag entered the bidding platform, buyers across the country bid in the same window, the offer sheet was laid out openly, and whichever tier the client picked is the one it sold at. The Picotin Lock is a common sight in handbag buy-back, and official channels post no price at all. (Market figures reflect publicly available data.)
What we did
Competitive buy-back
The bag goes onto the bidding platform and trade buyers post live offers within ten minutes. The number comes from the market, not from one shop
Handbag authentication
An appraiser team of more than a hundred. Every item is signed off by three of them, and each check is recorded line by line and photographed
Credentials
Named in 2025 to the first cohort of pre-owned goods circulation pilot enterprises by MOFCOM, the NDRC, the Ministry of Natural Resources and SAMR; in 2019 Vintage-Privée entered a three-way strategic partnership with CCIC (China Certification & Inspection Group) and Alibaba.
Settlement
Payment goes out on the spot once you accept an offer. Nothing is charged if you walk away
How it ran
1
Talk to an advisor
Ms Zhao registered the colour code and the leather, and we matched the stamps
2
Free valuation
A range came back first, at no charge
3
Book a viewing
Met at the Shanghai boutique
4
Appraiser check
Grain, corner wear and hardware stamps gone through one by one, recorded and listed
5
Trade bidding
Buyers each posted their own and she took the highest tier
6
Settlement
Ms Zhao settled on the offer and was paid on the spot
Questions about this case
What is an Hermès Picotin 18 worth at buy-back?
Condition, leather, colour and accessories all count, and two of the same size can be far apart. This Grade B Barénia Faubourg one in Shanghai, August 2026, sold for CNY 13,800.
Does Barénia Faubourg fetch more than an ordinary leather?
Leather type is one of the reference items. Barénia Faubourg is made in limited quantity and has steady demand among collectors, but the final figure is still led by condition, colour and how much is in circulation.
How do I find a boutique in Shanghai that buys Hermès?
The addresses of all 18 Shanghai boutiques are collected on the Shanghai boutiques page. Call 400-831-5667 to book the nearest. The check and the quote run straight on from one another.
Does a complete set of accessories raise the offer?
It pushes it up a tier. Lock, keys and box are credits, counted line by line. Missing items affect the number only, not whether the piece is accepted.
Start with what yours is worth
Free online valuation. Nothing to pay if you decide not to sell.