Chic, Not Shabby, Luxury Secondhand eCommerce

19/06/2015 14:21

Pre-owned luxury fashion and accessories eCommerce has proven to be far from threadbare. As the global luxury market cools, bracing itself for slower more sustainable growth, the luxury secondhand market is heating up, evidenced by the recent significant levels of venture capital investment in leading luxury pre-owned fashion consignment platforms. Valued at about $19 billion, the global luxury pre-owned fashion resale market lands not even remotely near a shabby chic classification. Call them vanity accoutrements, but investment in luxury accessories is outperforming the stock market, even spurring Sotheby’s to hold its first haute couture auction in Paris next month.