Amid the growing importance of the second-hand luxury market, of which the annual Bain-Altagamma Luxury Goods Worldwide Market Study recorded as generating $1.6 trillion globally in 2023, many of the ...

Good quality: Shoppers looking at bags in a ZZER second-hand goods store in Shanghai. The number people selling luxury items like bags and watches to raise cash, as well as those out to source ...

Price of luxury goods rising on the gray market Fedotovsky also said that, although the prices in second-hand stores had risen by to 9%, in line with the official inflation rate, this was nothing ...

the resale and rental of luxury goods. In 2022, a third of consumers surveyed had bought second-hand luxury goods, an increase of seven points on 2020, and 22% opted to rent luxury goods ...