Friday, July 10, 2015

Pre-loved luxury handbags big business online

Actress Jane Birkin with Kate Barry. — AFP picNEW YOU ARE ABLE TO, June 4 — Would you pay US$8, 000 (RM29, 510) a great old handbag? For fashionistas which in turn simply must get their hands on a rare example from an iconic brand, the answer is one emphatic yes.

Hermes iPhone 6 Plus Case Orange

Thanks in part inside the direction economic downturn, some of the stigma of buying second-hand accessories has eased in recent years — although many buyers still prefer to work euphemisms like "pre-owned".

The market needed for used luxury bags, watches coupled with jewellery hit €16 billion (RM64. 55 billion) last year, according to research by the consultancy Bain and Altagamma, an Italian body representing luxuriousness goods manufacturers.

And while 80 percent of the sales are still in bricks-and-mortar shops, online sales are speeding, their study found.

"If person add up the sales of all the great luxury groups for the past 20 years, you're sharing €2-3 trillion of merchandise soaking in people's closets, " said Loic Bocher, co-founder of Collector Courtyard, a website that touts itself furthermore giving "another life" to luxuriousness items.

The website, which launched specifically two years ago, did that for tio, 000 luxury cast-offs last year.

A particular quilted blue Chanel, a Gucci made from python-skin, or a brown pony-hair Fendi Baguette: Collector Square gets more than 1, 600 bags on to its site, including over a 12 Birkins, the legendary Hermes iPhone 6 Plus leather case example that is by far its most desired.

"The Birkin is most difficult to grab and often sparks overbidding, but you must be aware that it is not at all representative of one of the second-hand market, " said Bocher.

The most highly prized second-hand Hermes iPhone 6 Plus case models can command prices down to 20 per cent higher than their brand-new equivalents, while other pre-owned producers sell at a discount of between 26 and 90 per cent, according to research by Exane-BNP Paribas published in the March in collaboration with the website page InstantLuxe.

For a Birkin, "the enhance goes crazy: a bag are typically sold within a few hours and arrive at 10, 000 or even €14, 500. It's the Rolls-Royce of handbags, " said Yann Le Floc'h, one of the founder of InstantLuxe, which recognised its business double between 2013 and 2014.

Designed for actress coupled with singer Jane Birkin in 1984, the bags are hand-made in Le creusot, france and come in a variety of sizes, colors and leathers. The bags are straight away recognisable by their flap fastener coupled with padlock, with the classic 35-centimetre (10-inch) model in calfskin selling modern for €7, 400.

It is not challenging to see why Birkin fans are taking online: you can have one hanging off your fattig in just a couple of days.

It could take or simply to find a new one in a Hermes store — the brand carefully setup supply — especially if you are put on a particular colour or leather. — AFP

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