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UPDATE: This post has been updated on February 1, 2012. Scroll down to see the new add.

I think it goes without saying that owning an authentic Chanel bag is something each and every girl is dreaming of. And while I’ve never been much of a handbag freak, having a real Chanel bag in my closet would be the ultimate accessory and I would pair it with each of my outfits. It’s so wonderfully perfect and classic and suits almost everything.

Chanel Classic Flap Bag
(~$2.500, N/A)

BagInc “Adele” Flap Bag

UPDATE (02/29/2012): OMG! Just came across another, much better-looking Chanel alternative by BagInc. Love! Love! Love! Don’t forget to use our exclusive promo code “INTHEIRCLOSET” for 10% OFF!

BagInc “Adele” Flap Bag
($109, BagInc)

BagInc The Obligatory Classic Flap Bag

UPDATE (02/01/2012): Our reader Chelsea informed us of BagInc‘s fabulous Chanel flap bag look-a-like made of real leather for $59 only. Available in black, fuchsia, white and camel. Don’t forget to use our exclusive promo code “INTHEIRCLOSET” for 10% OFF your order!

BagInc The Obligatory Classic Flap Bag
($59, BagInc)

Co-Lab by Christopher Kon Polly-1127 Quilted Shoulder Bag

UPDATE (01/26/2012): Can’t tell you how psyched I was to discover a new great and budget-friendly Chanel look-a-like! This one’s by Co-Lab by Christopher Kon and it comes in 5 variations: black, black patent, bone, navy and pewter metallic.

Co-Lab by Christopher Kon Polly-1127 Quilted Shoulder Bag
($135, Endless)

Handbag Heaven “Bridget” Quilted Shoulder Bag

UPDATE (01/26/2012): Here’s another great and affordable Chanel knockoff. Currently on sale at Handbag Heaven in red, black & grey.

Handbag Heaven “Bridget” Quilted Shoulder Bag
($45.86, Handbag Heaven)

GoJane Quilted Chain Strap Shoulder Bag

UPDATE (10/16/2010): OMG! Look at this amazing Chanel look-a-like version by GoJane. I’m in total awe and want it in both colors!

GoJane Quilted Chain Strap Shoulder Bag
($53.30, GoJane)

ALDO “Scates” Quilted Bag

UPDATE (10/16/2010): While this ALDO bag is not a super obvious knockoff, overall it’s still a great and budget-friendly alternative to the real deal.

ALDO “Scates” Quilted Bag
($45, Amazon)

High Fashion 4803 Quilted Shoulder Bag

UPDATE (06/16/2010): Doesn’t this quilted bag by High Fashion look like the Holy Grail of Chanel knockoffs? OK, some might be turned off by the white stitching, but make sure to check out the other 6 colors including cream (!), nude and pewter which are my favorites and you’ll see why $130 seems like a reasonable price for such a well-made Chanel look-a-like.

High Fashion 4803 Quilted Shoulder Bag
($130, Endless)

ASOS Quilted Lock Across Body Bag

UPDATE (06/16/2010): ASOS has also a great Chanel knockoff in various colors including black, white, blush, mink, berry & navy. I ordered the blush version and I’m loving it! It’s so cute & feminine.

ASOS Quilted Lock Across Body Bag
($28.65, ASOS)

Wet Seal Quilted Cross Body Clutch

UPDATE (10/05/2009): Found a new and super amazing Chanel handbag knockoff by Wet Seal.

This budget-friendly Chanel alternative looks amazing if you consider the low price and it comes in either black or silver. Click on the link below and navigate to the accessories > handbags section or enter style number “41213209” in the search field to find the Chanel knockoff on the Wet Seal website.

Wet Seal Quilted Cross Body Clutch
Style: 41213209
($16.50, Wet Seal)

ALDO Bargen Quilted Handbag

Until you have enough pocket change for the real deal, you might want to settle for a less pricier version first. This quilted flap bag by Aldo certainly meets the criteria. Now don’t expect the same delicate quality of a real Chanel because there is simply no competition. But if you want an affordable alternative this bag is probably your best bet. It does have silver hardware instead of gold and it doesn’t have the cute CC clasp (which the original 2.55 bag however didn’t have as well by the way), but everything else is quite identical.

ALDO Bargen Quilted Handbag
($40, Amazon)

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