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

As a lot as luxurious corporations would like to stamp out the secondhand commerce of their merchandise, it’s an unimaginable activity. All the higher for fashionistas and traders, 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 means onto secondhand web sites. While prior 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 straightforward for hundreds of thousands of individuals to promote their designer items for money.