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Hermès Kelly 40 Retourne Gris Elephant Matte Porosus Crocodile Palladium Hardware

Sale price$50,000.00 USD

Hermès Kelly 40 Retourne Gris Elephant Matte Porosus Crocodile Palladium Hardware

The Hermès Kelly 40 Retourne in Matte Porosus Crocodile is a substantial, rare configuration that functions as both an executive briefcase and a travel bag. **Gris Elephant** is a complex, discontinued neutral—a deep charcoal grey with significant warm, earthy brown undertones. It is distinct from Graphite (which is cooler) and Ebene (which is browner). The bag is crafted from Porosus Crocodile, the premier exotic skin from Hermès, identified by the circumflex (^) symbol and the distinct pore visible on each scale.

The Matte finish is technically superior for a bag of this size; it is more resistant to water spots and fingerprints than the shiny (Lisse) finish and develops a soft patina over time. The Retourne construction relaxes the architecture of the 40cm size, giving the exotic skin a softer drape and making the bag less rigid than a Sellier version. Palladium Hardware provides a modern, cool-toned contrast to the warm depth of the leather.

Condition: 1 – Pristine
Model: Kelly 40 Retourne
Color: Gris Elephant (Dark Grey/Brown)
Material: Matte Porosus Crocodile
Hardware: Palladium
Dimensions: 40 × 28 × 16 cm | 15.75" W × 11" H × 6.25" D

JaneFinds Collector's Insight:
Production of the Kelly 40 in Porosus Crocodile has slowed significantly as the brand shifts focus to smaller sizes (20cm–25cm). Consequently, finding a pristine example in a large format is increasingly difficult. Gris Elephant is a legacy color that is no longer part of the regular rotation, making this specific combination of size, skin, and color a "Unicorn" for vintage connoisseurs and male collectors.

JaneFinds Market Insight:
Large-format exotics occupy a specific, high-value niche. While they do not follow the volatile hype cycles of the Mini Kelly, they offer exceptional stability due to their immense original retail value and scarcity. The Kelly 40 in crocodile is particularly liquid in the men's resale market, where it is viewed as the ultimate power folio.


👜 JaneFinds Condition Guide
📅 Hermès Date Stamp Reference
⛓️ Accessory Chains
📐 Hermès Size Guide