The Hermès Carmen Leather Keychain is a particularly sought-after piece, especially in this flawless orange variant, known for its high-quality craftsmanship.

Hermès firmly establishes itself as a luxury icon, and items like this limited edition keychain, with no visible wear, maintain strong collector demand in the Japanese market.

The original box adds to its authenticity and value, solidifying its status as a true collectible.

At a current bid significantly lower than the purchase price just a week earlier, it reflects the stable yet discerning market for well-preserved luxury items in Japan.