Global second-hand luxury fashion market to exceed 3 billion euros
Thanks to the internet, the purchase of pre-owned luxury fashion accessories has been booming, with estimates indicating a total value of 3 billion euros. Prices online of such pre-owned items can be a third of the price of a new product. According to a survey, return consumers spend on average 750 euros each time they make a purchase. E-tailers like InstantLuxe appeal to the services of experts to ensure the products are not counterfeit. There are many other independent ‘brokers’ who ensure that their stock includes new collection items.