Double-digit price hikes have reached the fashion industry. Luxury handbag collector Alyssa Lenore, 31, purchased a Chanel classic flap bag in May 2020 for $5,800, which now costs nearly $10,000. Watch the video to learn what's driving the rise in prices of these luxury handbags, and how it will impact Chanel: • Why I Spent $5,800 On A Chanel Bag