Owning luxury items often has the benefit of a lifetime of use and value retention. Designer pre-loved (pre-owned) goods continuously gain demand as savvy sophisticated shoppers realize they can own luxury items for less. Online Auctions are a great way to shop for luxury brands to add to your collection. Much of the demand for pre-loved luxury goods comes from the way these goods fluctuate in value “depending on buzz around a certain designer, particularly if a fashion house hires a new creative director or chief executive,” according to a recent Fortune Magazine article.
With so much changing, we have a list of brands to consider according to thefashionlaw.com…
“BRANDS THAT HOLD THEIR VALUE THE LONGEST: Chanel, Christian Louboutin, Hermès, Cartier, David Yurman, Alaïa, Van Cleef & Arpels, and Goyard.
BRANDS WITH A "SURPRISINGLY" HIGH RE-SALE VALUE (aka that re-sell quite close to their original price): Givenchy, Victoria Beckham, Charlotte Olympia and Alexander McQueen.
BRANDS THAT LOSE VALUE FASTEST: Tod’s, Versace, Marni, Valextra, and Etro.
BRANDS WITH A "SURPRISINGLY" LOW RE-SALE VALUE: Alexander Wang, 3.1 Philip Lim, and Marc Jacobs.”
In addition to sprinkling a bit of luxury into your wardrobe, our online auctions are great for purchasing the following wardrobe staples that should almost always be purchased pre-loved:
FOR HIS CLOSET
· Dress Suits
· Denim Jacket
· Leather Jacket
· Vintage Leather Boots
· Vintage Watch
· Cufflinks
· Quality Leather Belt
· Signet Ring
· Trench Coat
· Black Dress Shoes
FOR HER CLOSET
· Jewelry
· Leather Shoes
· Leather jacket or coat
· Classic Leather belt
· Luxury Handbags
· Designer Clothing and Jeans
· Designer Handbags and Shoes
· Silk Blouse
· Trench Coat
· Evening Bag
According to Forbes Magazine, “the U.S. apparel industry today is a $12 billion business … according to the Bureau of Labor Statistics.” Even more intriguing, we only wear 20% of our wardrobe regularly each year. Shopping pre-owned apparel can help you cut costs and feel better about items you may not have the opportunity to wear regularly.
Sources
https://www.menshealth.com/style/pays-to-buy-used-clothing
https://www.gentlemansgazette.com/must-have-items-every-man-should-own/