Cartier watches have always been in high demand, but especially Cartier Tank watches. Since its creation, there have been so many iterations of the ever-so-classic Cartier Tank. Today the style continues to be a standout amongst other notable watch brands.

And with the Cartier Tank watch dominating the lists for top styles this year and last, it comes as no surprise that the demand for Cartier Tank watches increased, as well as searches for one, which went up 71% this year.

These are the items to watch and most followed by our shoppers. They include the Christian Dior Lady Dior bag, the Prada Mini Re-Edition bag, the Fendi Baguette, as well as the Bottega Veneta Pouch and Padded sandals. Most of these styles are reemerging from the archives of fashion’s most-wanted list.

Other styles, like those from Bottega Veneta, are new hits that we simply can’t get enough of. It’s worth noting that we don’t often see a particular designer within the footwear category resell for more than 50% of the original MSRP. But Bottega Veneta has exceeded that. All thanks to Daniel Lee and his unique eye for puffy square-toe mules. These pieces fly off the shelves via pre-orders before major retailers and e-commerce sites have the chance to place bulk orders. Not an exaggeration. What will Matthieu Blazy dream up next?

77% of total Louis Vuitton handbag purchases this year were made of coated canvas, making up the majority of products sold this year – and we all saw this coming.

Louis Vuitton Monogram, Damier Ebene, and Damier Azur patterns are timeless. They’re extremely durable and designed to last for years. But most importantly, coated canvas styles from Louis Vuitton continue to hold great resale value even worn, which explains why these pieces remain so highly desirable.

Speaking of color, across all brands and textiles, pink, white, and taupe grew the most in popularity from last year, with black, brown, and red scoring the top spots in color performance this year.

Since our founding, we have resold over 1 million ultra-luxury handbags and accessories. Our commitment to resale and reducing fashion’s negative impact has resulted in countless gallons of water and carbon emissions saved.

With that said, we’re proud to have acquired 44% more gently-used items and 64% more new condition-rated items this year than last. We know that when it comes to creating new products, leather production is the third most environmentally impactful material to produce (Collective Fashion Justice).

But with 1 million ultra-luxury products resold by FASHIONPHILE, we have saved the equivalent of 1,580 metric tons of CO2 emissions. And that’s not all. Based on the water footprint of raising cattle for leather, one leather handbag requires about 17,128 liters of water (Circumfauna.org). That amount is the equivalent of about 450 showers for the average American. In reselling, we have saved the equivalent of 450,000 gallons of water.

Now with the global market for pre-owned luxury goods worth an estimated $30-$40 billion, resale over the last decade has become increasingly more popular, more sustainable, and is now considered mainstream.

Luxury shoppers with a sustainable mindset (about 69%) are more likely to research the brand before they buy, learn about the expected life of the bag and materials, as well as its resale value. Many of our sellers, while educating themselves in resale valuations, actively purchase new at retail with the intention of selling to us for a profit – all while contributing to a sustainable resale cycle.

With our shoppers and sellers participating in the benefits of resale, we hope to encourage more individuals to partake in the dialogue and do better to improve the circular economy, thus benefiting the environment and ensuring a better future for all.

The pandemic no doubt has also changed the way e-commerce operates. As stated in Forbes, “online retail sales as a percentage of total retail sales were sitting at around 19% in February 2020. A year later, it had skyrocketed to close to 35%” (Forbes). With people spending more time on their phones, particularly on social media, it makes sense why our revenue skyrocketed from just social media alone – not including revenue generated from other channels.

We have Gen Z to thank for contributing to that. Both in the number of transactions, but even more so in the amount they’re spending and what they’re searching for.

Our largest demographic has and continues to be between the ages of 25-34. But a significant portion of our revenue this year came from Gen Z, customers between the ages of 18-24. In 2021 this group generated 5x more orders compared to 2018. Although not the majority of our shoppers and sellers, we can only anticipate that Gen Z will grow in the next few months and well into next year, considering the percentage nearly tripled. Back in 2019, just 8% of our sellers fell under 25 years of age.

In 2022 we have so much to look forward to! As the original innovator of ultra-luxury resale since 1999, we are excited to be involved in the establishment of our first-ever independent Selling Studio, which will be located in Los Angeles in ROW DTLA.

In addition to that, we’ll be opening more Selling Studios around you!

Next year our headquarters will be expanding into Chelsea New York City planting its roots within the Starrett-Lehigh building, a 60,000 sq ft facility that will provide not only more dream jobs but also make it possible to provide more buying and selling opportunities for you.

Are you ready to shop and sell with us? Visit www.fashionphile.com to get started today! Shop. Sell. Repeat.