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BoF LIVE | The Rise of Resale: Luxury as Currency

BoF’s Rahul Malik speaks with Tirath Kamdar of eBay and Fashionphile’s Sarah Davis about new research into why consumers are investing in luxury handbags, watches and jewellery and what this means for high-end resale.
The Rise of Resale: Luxury as Currency
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It’s becoming increasingly clear that many consumers see luxury accessories such as handbags, watches and jewellery as investments that can gain value over time, and offer a return on investment in the resale market. According to a survey conducted for “The Rise of Resale: Luxury as Currency,” a new report from BoF Insights developed in partnership with eBay, half of luxury shoppers in the US polled said they are monitoring the market value of their luxury accessories — and more than half believe this value could appreciate.

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BoF Insights | The Rise of Resale: Luxury as Currency

Many shoppers regard their luxury accessory purchases as assets that could appreciate in value, opening new opportunities for the luxury resale market and emphasising the importance of authentication, according to new research from BoF Insights, conducted in partnership with eBay.

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