Versace
Palazzo Empire Medium — Red
Still sold newMedium · Leather · Gold hardware
Estimated resale value today
Down $756 (-48%) vs. original retail of $1,590 (this style is still sold new — the brand may have adjusted its retail price since we last checked)
Estimated from a researched valuation model for this style, blended with live eBay listing data — the more comps we have, the more they influence the number.
About the Palazzo Empire Medium
Introduced in 2016, the box-style Palazzo bag features the Medusa plaque referencing the original brand door plaque from Versace's first Milan headquarters.
What affects this bag's resale value
- A decade-long production run has built genuine secondary-market volume across multiple size and color variants
- Available in mini, small, medium, and large sizes, with mini and crystal-embellished limited editions commanding premiums
- A structured box shape holds shape better than slouchier styles, aiding condition-based resale value
Other Palazzo Empire Medium variants
Frequently asked questions
- Is the Palazzo a safer resale bet than newer Versace styles?
- Yes — its decade-long production history gives it far more comparable sales data than newer styles, even though its roughly 40-50% retention is modest compared to Hermès or Chanel.
Versace (est. 1978) — Best known for bold, maximalist design and the Medusa emblem; resale values vary widely by style and generally sit well under retail.
This is an estimated market value, not a formal appraisal. The actual value of any individual bag depends on its condition, provenance, and what a specific buyer is willing to pay. Values shown are modeled from aggregated resale market data and update periodically.