The Puzzle is Loewe's geometric cuboid bag, built from precisely cut leather panels that fold flat and open into a boxy three-dimensional shape. It was Jonathan Anderson's first bag for the house, debuting in 2014, and the first entirely new Loewe bag design in decades. Worn crossbody or by the top handle, it is defined by its architectural seams and folds rather than any logo hardware.
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Permanent finishes are offered year-round; seasonal ones rotate and retire. A finish being listed here doesn’t mean we have one for sale right now.
The blue shades we’ve recorded (6)
Light Blue44Orange38Rose27Red24Pink15Taupe5
Shades recorded from resale listings, in the sellers’ own words. Chanel doesn’t publish official seasonal colour names, so treat these as descriptions, not house names.
What it's worth
Loewe · Puzzle · Small · Blue
This exact variant · 345 recorded prices
Best listed right now: $1,440 on Fashionphile, around the typical price (median $1,895).
Demand is light and prices are soft, so there's little pressure to move fast.
No longer in production, so resale is the only way to buy it.
By condition · compared like-for-like
excellent
4 prices
very good
58 prices
$1,625$3,495
Estimated from recorded resale prices (283 with condition unrecorded) · not an appraisal. As of 2026-08-27.
Jonathan Anderson's first bag for Loewe, cut flat from geometric panels and folded into a cube.
Origin
Anderson's first design for Loewe
The Puzzle was Jonathan Anderson's first original bag for Loewe after he arrived in 2013, shown in the spring 2015 men's collection. It was the first new bag shape Loewe had introduced since the 1980s.
Made from precise geometric leather panels, the Puzzle lies flat yet folds into a three-dimensional cuboid. Each one is handmade in Madrid and takes roughly nine hours to build.
Guides for this bag
Articles on the Puzzle and Loewe from our verified experts.
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DiscontinuediNot currently listed in production in our records — a best read, not the maker's word. Know otherwise? Suggest an edit below.Not currently listed in production in our records — a best read, not the maker's word. Know otherwise? Suggest an edit below.
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For sale right now
15 listings
Live listings for this bag across the marketplaces we track, each rated against the fair value for its spec. We don’t sell these, we link you to the seller. Prices change and sell.
RedCalfskin Leathersilver
Fashionphile · listed yesterday
$1,440
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
RoseCalfskin Leathersilver
Fashionphile · listed yesterday
$1,575
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
Light BlueCalfskin Leathergold
Fashionphile · listed yesterday
$1,625
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
OrangeCalfskin Leathersilver
Fashionphile · listed yesterday
$1,650
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
BlueCalfskin Leathersilver
Fashionphile · listed yesterday
$1,705
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
OrangeCalfskin Leathersilver
Fashionphile · listed yesterday
$1,795
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
PinkCalfskin Leathersilver
Fashionphile · listed yesterday
$1,795
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
BlueCalfskin Leathersilver
Fashionphile · listed yesterday
$1,795
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
Show all 15 listings
BlueCalfskin Leathersilver
Fashionphile · listed yesterday
$1,800
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
BlueCalfskin Leathersilver
Fashionphile · listed yesterday
$1,850
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
TaupeCalfskin Leathersilver
Fair value is the median of recorded resale prices for that spec, broadened and labeled when a spec is thin. Landed estimates add each platform's typical buyer fees and shipping, before sales tax. An estimate, not an appraisal. Affiliate links may earn us a commission.
Fashionphile · listed yesterday
$2,095
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
BlueCalfskin Leathersilver
Fashionphile · listed yesterday
$2,205
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
BlueCalfskin Leathersilver
Fashionphile · listed yesterday
$2,695
vs 4 Calfskin Leather Small listings, broadened from this exact spec (limited data)View on Fashionphile
