Luxurious Hand-Me-Downs Are Now Price Billions of {Dollars}

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

Customers have splashed out $1.3 trillion on new luxurious purses, garments, watches and jewels over the previous 4 years alone. A minimum of a few of that stuff will discover its means onto secondhand web sites. Whereas prior to now, unworn luxurious items would collect mud behind customers’ wardrobes, the rise of on-line luxurious resellers like The RealReal and Vestiaire Collective has made it simple for thousands and thousands of individuals to promote their designer items for money.