In 2021, the global luxury resale market reached an eye-watering valuation of US$32.61 billion, and by 2022, it surged to an impressive £182.4 billion.
Research from Market Insights reveals a swift and substantial rise in the sale of pre-owned luxury goods, accompanied by a gradual decline in the stigma associated with second-hand luxury items. Evidently, the global demand for luxury resale is on the rise, with a projected compound annual growth rate (CAGR) of 9.68% expected during the forecast period from 2022 to 2026.
So buying a second-hand designer handbag without going bankrupt is not as tricky as it once was. Instead, those in the know often head straight for one of the best second-hand designer bag stores. And they’re all online, so you can add a little CHANEL to your checkout without even leaving your house.
For second hand September, we’ve rounded up our favourite go-to’s to buy (and re-sell) – but just remember to sell as much as you buy!
A Retro Tale
For A Retro Tale, the story started in 2017 with a love for passion and sustainable fashion, launched by Niclas Jansson. With investors such as the H&M Group Ventures on-board, the Stockholm-based e-store business is a treasure trove of unique goodies from Hermes to Louis Vuitton and houses over 20 other brands. Unlike other retailers, A Retro Tale owns 100% of their stock and uniquely sources the collections globally.
Want that peace of mind? Each item is authenticated twice over to avoid any issues and is graded in level of conditions ensuring you get an authenticated product, at a purse-friendly cost.
The Luxury Closet
Based out of Dubai and founded in 2011, The Luxury Closet is a leading online boutique for buying and selling new and pre-loved luxury items like handbags, clothes, watches, and jewellery. With more than 40,000 unique items as part of the company’s selection, they feature top luxury brands such as Louis Vuitton, Chanel, Van Cleef and Arpels, Cartier, Rolex, and more.
The site is an absolute treasure trove with endless luxury items worth investing in.
While they seem unhelpful, Sellier Knightsbridge sadly is one of London’s leading luxury consignment stores with an online platform for pre-loved luxury fashion founded by Dina Ibrahimova and her daughter, Hanushka Toni. The pair bring together trusted re-sellers with a discerning customer base and is known as one of the number one reseller of Hermès in the UK – selling out within days due to the scarcity of new styles.
Top tip – love the item you are purchasing as their is no refund policy after you’ve hit pay!
LXR & Co
For our friends across the pond, LXR is one for you! The company celebrates luxury masterpieces and truly believes that iconic handbags deserve new lives. Connecting people with modern vintage pieces, to bring fresh inspiration, and promote sustainable practice by giving renewed life to luxury handbags and accessories. It all started back in 2010 with two young entrepreneurs, a love for designer handbags, and the vision to pioneer into the world of luxury vintage retail. From humble beginnings to multiple locations spanning over 3 continents and an ever-expanding e-commerce platform, LXRandCo’s story has just got more and more exciting over the years. To date, LXRandCo have purchased and sold over 500,000 bags worldwide. The people, the products and the heart behind LXRandCo is what has made it into what it is today.
Lampoo was founded in Milan in 2019, with the ambition of enabling its customers to shop more responsibly by choosing second-hand luxury over new. This vision of a circular economy and a more sustainable fashion eco-system is what they call Fashion with a future.
With sustainability as a driving force, Lampoo aims to become the leading resale platform for second-hand luxury in Europe, by providing an easy and quick solution for those who want to buy pre-loved clothing and accessories or sell their unwanted pieces without the time-consuming tasks required to sell on other platforms.
1stDibs is a leading online marketplace for extraordinary design. Since 2000, the site has captured the magic of the Paris flea market, connecting those seeking the most beautiful things on earth with highly coveted sellers and makers in vintage, antique and contemporary furniture, home décor, art, fine jewellery, watches and fashion with new styles added to the website weekly!
CORNERLUXE provides a revolutionary retail experience through re-sale, curation, and community. With over 10 years in the business under their belt and stores in Paris, France it’s a real treasure trove of affordable luxury items offering items sometimes at over 60% off retail – allowing you to pick up a Hermes Kelly and not break the bank.
Whether it is a handbag, accessory, jewel or watch, each piece is examined and inspected physically to ensure that its details match the quality standards set by the luxury brands.
‘Trésor’ meaning ‘precious treasure’ in French was founded in 2021. Trésor Vintage is one of the ultimate go-to destinations for pre-loved and vintage luxury accessories including handbags, fashion jewellery, small leather goods and more. The space was created for people who have an insatiable passion for classic vintage luxury pieces, owning a unique pre-loved piece is something to truly cherish for a lifetime. With authentication being the upmost important (as it should be!) Trésor offers double authentication procedure ensures all valuable goods customers receive what they paid for – genuine and authentic preloved / vintage luxury pieces.