Luxury Hand-Me-Downs Are Now Worth Billions of Dollars

As a lot as luxurious firms would like to stamp out the secondhand commerce of their merchandise, it’s an inconceivable process. All the higher for fashionistas and buyers, who can each profit from this booming enterprise.

Shoppers have splashed out $1.3 trillion on new luxurious purses, garments, watches and jewels over the previous 4 years alone. At least a few of that stuff will discover its method onto secondhand web sites. While up to now, unworn luxurious items would collect mud in the back of shoppers’ wardrobes, the rise of on-line luxurious resellers like The RealReal and Vestiaire Collective has made it simple for tens of millions of individuals to promote their designer items for money.