Rebag’s First Clair Report Findings

Paris, France March 03 A Chanel bag is seen, outside of Chanel, during Paris Fashion Week Fall / Winter 20202021 on March 03, 2020 in Paris, France Photo by Edward Berthelotgetty Images

Edward BerthelotGetty Images

Have you ever wondered: “Why the hell Didn’t I get this vintage Fendi Baguette off eBay years ago? Anticipating the rebirth of a once-iconic it-bag is intuitive at best, and a bad investment at worst. According to ThredUp’s 2020 Consumer Report, the resale market is estimated at $ 64 billion here. 2024. And between online retailers like The Real Real which sells designer goods and second-hand furniture and Grailed, a community platform known for selling “holy grail” streetwear, second-hand markets are booming. boom. also StockX, which acts as a purse for sneakerheads, which tracks the value of rare Jordans that you’ve probably been too slow to add to the basket anyway. Today, handbags get the same treatment as Rebag. .

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Last year, the luxury bags and accessories retailer launched Clair, which served as the Kelly Blue Book of handbags. He was able to give customers real-time rates on the value of their Louis Vuitton Speedy, both for sale and for purchase. The proprietary software tool has spent the last year acquiring data from customers and, in the brand’s commitment to transparency, releases its 2019-2020 report which reveals some interesting details about our buying habits. current.

“Since the launch of Clair in October 2019, our submissions have almost tripled,” said Charles Gorra, CEO and Founder of Rebag. “The resale industry is constantly evolving. The Clair Report is our way of tracking these changes, sharing them with the public, and empowering consumers to make informed decisions and investments.

rebag
A graph detailing the retention value of designer brands. Hermès is the unicorn.

Courtesy

chanel rebag resale value
In May 2020, Chanel increased its prices by up to 17% and the resale value increased at the same time.

Courtesy of Rebag

The value of your investments in your wardrobe is a personal decision. What “worth it” for you varies widely, but Clair’s results give us some idea of ​​what Actually retains its value and, more surprisingly, how it is affected by current trends. Clair’s report tells us that Hermès handbags hold around 80% of their value, while Chanel and Louis Vuitton require an average value retention of 63%. This is not surprising.

However, the report also notes that Dior and Bottega Veneta, whose accessory divisions were both relaunched with the former’s reintroduction of the saddle bag and the promotion of Daniel Lee by the latter, saw radical jumped up. Respectively, Dior went from 43% to 56% while Bottega Veneta saw an increase from 28% to 38%. In other words, if you had bought a Pouch clutch last year, you could resell it for almost what you paid, which was unheard of for its intrecciato bags (although we suspect many are scouring the shelves for them. vintage styles at the moment).

In the natural progression of Rebag’s growth (the company successfully launched accessories earlier this year), they are adding their own purse to its portfolio. In a first industry, Rebag integrates a real-time price monitoring tool on its site which allows users to follow the historical development of each item. By using a product’s individual clear code, you can personally see when a price tag drops or increases instantly (like when Chanel bags jumped 25%, alarming handbag enthusiasts around the world). Picture yourself on the floor of Wall Street, as you are now harnessing the power of reselling knowledge, giving you insight into the best time to sell or buy. At Rebag, their data is your data.

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