In The Bag

FASHIONPHILE 2020 Resale Report

Fashionphile Luxury Resale Report
Lauren Leger
Digital Marketing Program Manager
Fashionphile Luxury Resale Report

When we think of sales booming during a pandemic – toilet paper, PPE, and Clorox are top of mind. The last thing one would consider is everyone buying up luxury accessories as if the world was about to end –  but it is 2020 after all. The high demand for luxury is on the rise, and what does demand drive? You got it. Value.

According to a published report this year by Art Market Research, luxury and vintage handbags now outperform art, classic cars, and rare whisky in terms of their increase in value over time. Some bags, from the likes of Hermes, Chanel, and Louis Vuitton, have even experienced a valuation spike of an average of 83% in the last ten years. 

What were once lavish trips to 5-star hotels in Paris, concerts, and events, have turned to Pelotons, exclusive home delivery kits, and hours of – you guessed it – retail therapy.

“We have thought a lot about why, at a time of such uncertainty, why sales would be so solid in what we sell… ultra-luxury accessories. Like, where will you wear them? But the truth is, one thing we’ve all had for the past nine months is time. And shopping for a handbag- in particular, a luxury handbag takes time,” Sarah Davis, FASHIONPHILE Founder, and President.

When there is a global shut down, people turn to online shopping to find their ultra-luxury items and FASHIONPHILE is lucky enough to serve our customers primarily online, from the safety of their homes. 

Traditional retail was hit hard by Covid with production halting to make PPE and stay-at-home orders in place – all resulting in excessive inventory, even for ultra-luxury brands. A mass ecommerce shift powered by Covid has allowed the resale market (and FASHIONPHILE) to thrive. Time, money, and value all contributing to its post-pandemic growth. That new excess inventory? FASHIONPHILE now has more “new” items than ever before. 

The following report is a recap of all things ultra-luxury pre-owned that FASHIONPHILE saw in 2020. Consider this your insider’s look into the luxury trends, statistics, and fashionable facts that just might help you buy (or sell) your next Holy Grail accessory.

When we think of sales booming during a pandemic – toilet paper, PPE, and Clorox are top of mind. The last thing one would consider is everyone buying up luxury accessories as if the world was about to end –  but it is 2020 after all. The high demand for luxury is on the rise, and what does demand drive? You got it. Value.

According to a published report this year by Art Market Research, luxury and vintage handbags now outperform art, classic cars, and rare whisky in terms of their increase in value over time. Some bags, from the likes of Hermes, Chanel, and Louis Vuitton, have even experienced a valuation spike of an average of 83% in the last ten years. 

What were once lavish trips to 5-star hotels in Paris, concerts, and events, have turned to Pelotons, exclusive home delivery kits, and hours of – you guessed it – retail therapy.

“We have thought a lot about why, at a time of such uncertainty, why sales would be so solid in what we sell… ultra-luxury accessories. Like, where will you wear them? But the truth is, one thing we’ve all had for the past nine months is time. And shopping for a handbag- in particular, a luxury handbag takes time,” Sarah Davis, FASHIONPHILE Founder, and President.

When there is a global shut down, people turn to online shopping to find their ultra-luxury items and FASHIONPHILE is lucky enough to serve our customers primarily online, from the safety of their homes. 

Traditional retail was hit hard by Covid with production halting to make PPE and stay-at-home orders in place – all resulting in excessive inventory, even for ultra-luxury brands. A mass ecommerce shift powered by Covid has allowed the resale market (and FASHIONPHILE) to thrive. Time, money, and value all contributing to its post-pandemic growth. That new excess inventory? FASHIONPHILE now has more “new” items than ever before. 

The following report is a recap of all things ultra-luxury pre-owned that FASHIONPHILE saw in 2020. Consider this your insider’s look into the luxury trends, statistics, and fashionable facts that just might help you buy (or sell) your next Holy Grail accessory.

rare_H1
rare_H1
croc
croc
twilly
twilly
bottle
bottle
necklace
necklace
sneakers
sneakers
rolex
rolex
top_brands_jewelry_05_05
top_brands_10
top_brands_10
Top Chanel Handbags
Top Chanel Handbags
top_brands_17
top_brands_17
top_brands_13
top_brands_13
top_brands_19
top_brands_19
top_brands_jewelry_05
top_brands_jewelry_10
top_brands_jewelry_10
david_yurman
david_yurman
Tiffany
Tiffany
top_brands_jewelry_05
top_brands_watches_10
top_brands_watches_10
top_brands_watches_omega
top_brands_watches_omega
top_brands_watches_cartier
top_brands_watches_cartier
Most Popular
Most Popular
Under $1,000 Prada Chain Wallet and Louis Vuitton Key Pouch
Under $1,000 Prada Chain Wallet and Louis Vuitton Key Pouch
$1,000 - $3,000 Saint Laurent LouLou and Gucci Small GG
$1,000 - $3,000 Saint Laurent LouLou and Gucci Small GG
$3,000 - $5,000 Lady Dior and Cartier Love Hoop
$3,000 - $5,000 Lady Dior and Cartier Love Hoop
$5,000 - $8,000 Chanel Boy Flap and Van Cleef & Arpels
$5,000 - $8,000 Chanel Boy Flap and Van Cleef & Arpels
$8,000+ Hermes Kelly and Rolex Perpetual Daytona Cosmograph
$8,000+ Hermes Kelly and Rolex Perpetual Daytona Cosmograph
Brands on the rise graph
Brands on the rise graph
you_voted
you_voted
poll_1
poll_1
poll2
poll2
poll_3
poll_3
Land of Luxury
Land of Luxury
Prada Re-Edition 2005 Shoulder Bag
Prada Re-Edition 2005 Shoulder Bag
New York City, New York Chanel 19
New York City, New York Chanel 19
Atlanta, Georgia Bottega Veneta
Atlanta, Georgia Bottega Veneta
San Francisco Christian Dior Book Tote
San Francisco Christian Dior Book Tote
Chicago, Illinois Fendi Baguette
Chicago, Illinois Fendi Baguette
Miami, Florida Louis Vuitton Onthego Escale
Miami, Florida Louis Vuitton Onthego Escale
most popular in the world
most popular in the world
canada balenciaga hourglass
canada balenciaga hourglass
UK Gucci 1955
UK Gucci 1955
Switzerland Bottega Veneta
Switzerland Bottega Veneta
South Korea Louis Vuitton Petit Sac Plat
South Korea Louis Vuitton Petit Sac Plat
top celine handbags
top celine handbags
Australia Louis Vuitton Multi Pochette Accessories
Australia Louis Vuitton Multi Pochette Accessories
Singapore Christian Dior Bobby
Singapore Christian Dior Bobby
Mexico Prada Re-Edition
Mexico Prada Re-Edition
Japan Chanel 19
Japan Chanel 19
valuation_1
valuation_1
valuation_2
valuation_2
location_location
location_location
Fashionphile Carlsbad
Fashionphile Carlsbad
Features in 2020
Features in 2020
Virtual Appointment
Virtual Appointment
Fashionphile refresh
Fashionphile refresh
White Glove Pickup
White Glove Pickup
Top_Brands_Section_27
Top_Brands_Section_27

“When you buy any ultra-luxury branded bag, it will hold some if not all of its value and potentially even more – depending on the brand and condition – for years into the future. Buying better-made products that see reuse over and over again on the secondary market is a great choice. But picking that bag up on FASHIONPHILE is not only a great investment but also a sustainable one.”

 

Sarah Davis, FASHIONPHILE Founder, and President.

 

Here at FASHIONPHILE, we are honored to be successfully serving our customers in a safe environment continually bringing you the best selection of ultra-luxury accessories on the resale market. We are excited about what the future holds and we thank you from the bottom of our bag for being on this journey with us.

“When you buy any ultra-luxury branded bag, it will hold some if not all of its value and potentially even more – depending on the brand and condition – for years into the future. Buying better-made products that see reuse over and over again on the secondary market is a great choice. But picking that bag up on FASHIONPHILE is not only a great investment but also a sustainable one.”

 

Sarah Davis, FASHIONPHILE Founder, and President.

 

Here at FASHIONPHILE, we are honored to be successfully serving our customers in a safe environment continually bringing you the best selection of ultra-luxury accessories on the resale market. We are excited about what the future holds and we thank you from the bottom of our bag for being on this journey with us.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>