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Rare Hermès · Curated by Jane
Hermès Kelly 20 Mini II Cheval de Bois Noir Tadelakt Palladium Hardware
$85,000.00
Condition 1 – PristineThe object record
- Condition
- 1 – Pristine
- Date stamp
- W (2024)
- Material
- Tadelakt / Wood Marquetry
- Made in
- France
- Color
- Noir
- Metallic finish
- Palladium
- Handle drop
- 4.4 cm | 1.7"
- Strap drop
- 47 cm | 18.5"
- Interior
- Tonal leather
- Dimensions
- L 20 × H 12 × D 6 cm | L 7.9" × H 4.7" × D 2.4"
- Includes
- Strap
- Care
- Veau Tadelakt: Rubbing or polishing may not safely remove scratches. Protect from humidity, prolonged light and extreme heat, and seek an appropriate assessment before treatment. Care Guide
The story behind the Kelly
Created in the 1930s by Robert Dumas as a women's bag with straps: a trapezoid with two triangular gussets, a cutout flap, a handle and two side straps. It took the Kelly name in 1956, when Grace Kelly made it famous. Sellier construction keeps the seams on the outside for a more defined outline; Retourné construction turns them inside for softer edges. The leather does not decide the construction: Box calf Kellys are recorded in both.
Discover Hermès Kelly BagsCheval de Bois, the wooden horse, is the 2024 limited edition that put marquetry on the Mini Kelly: a stylized rocking horse of individually cut wood veneers inlaid flush into the front panel, saddle picked out in warm tone against the black ground. The motif reaches back to the house's oldest subject, the horse, rendered here as the child's toy rather than the harness, and it places the bag in the small Hermès lineage of wood-on-leather craft alongside the Kellywood program.
The body is Noir Tadelakt, the smooth glazed calfskin whose lacquer-like surface deepens with handling, the right ground for inlay because it holds a flat, even plane. The wood elements are cut, fitted, and set by hand so the marquetry sits flush with the leather rather than riding on top of it. Palladium hardware keeps the metal cool against the warm wood, the interior is lined in tonal leather, and the removable strap converts hand carry to shoulder or crossbody wear.
Collector's Insight:
The Mini Kelly II is the format Hermès now reserves for its most ambitious limited editions, and the Cheval de Bois ran for a single season in 2024. Marquetry on leather is among the rarest techniques in the bag program, demanding a separate craft discipline from the leather ateliers, and the edition has been featured among the standout limited Mini Kellys since examples began surfacing at auction in 2025. The motif divides the edition from abstract limited pieces: it is figurative, immediately legible, and unrepeatable without the wood.
Resale Insight:
Limited-edition Mini Kelly IIs trade in their own tier above the standard leather bags, with single-season editions carrying the scarcity plainly and auction appearances serving as the market's reference points. Demand concentrates among collectors assembling the limited MK20 set, where the Cheval de Bois holds the craft position: the piece that brought a second métier onto the front panel. A pristine example with strap presents the edition as issued.
Condition, defined +
Every piece is graded on the JANEFINDS five-tier scale: 1 Pristine, 2 Excellent, 3 Very Good, 4 Good, 5 Vintage, Well-Loved. Each tier is defined in writing in The Condition Guide.
The JANEFINDS standard +
Every piece is authenticated in-house and individually inspected, and ships with a JANEFINDS Certificate of Authenticity.
Delivery and payment +
Domestic: FedEx Direct Signature, no additional fee unless noted. International: FedEx International Priority; duties and taxes may apply at destination. We do not ship to P.O. boxes. Orders ship within two business days of inventory and payment confirmation; contact us for expedited service.
Payment: Credit-card acceptance and payment arrangements are determined on a case-by-case basis. Contact JANEFINDS to confirm the payment arrangements for your purchase. Billing details must match the card exactly.
Returns +
This piece is final sale and is not eligible for return or refund. Full details in our Returns and Exchanges policy.
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Why JANEFINDS
How JANEFINDS authenticates-
30+
Years of Hermès scholarship, collection, and authentication.
About Jane -
$2.8M+
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About JANEFINDS -
One review
Every piece on this site has passed Jane's hands. No exceptions.
How we authenticate -
Five tiers
Every piece is graded on the published JANEFINDS Standard, each tier defined in writing.
The Condition Guide