In celebration of New York Jewelry Week, eBay opened the doorways to the Luxury Exchange pop-up that landed within the coronary heart of Diamond District. Addressing the surging worth pattern within the designer items market, eBay gives luxurious lovers a possibility to trade their lesser-loved items for different genuine luxurious objects that may higher go well with their assortment.
The pop-up will likely be open for 2 days solely (November sixteenth and seventeenth), when consumers could have a possibility to appraise their luxurious objects by the Authenticity Guarantee workforce to obtain an approximate worth of their merchandise (aka “closet currency”). Then, these excited by exchanging can store the shop’s stock of designer watches, purses, and jewellery. There can also be an choice to listing a high-end merchandise on eBay proper on the pop-up, with the help of an on-premises picture studio and advisors.
The launch of the eBay vacation pop-up was impressed by a current BoF Insights and eBay-partnered investigation that concluded consumers’ curiosity in a extra sustainable round trend strategy. Based on this analysis, 30% of luxurious consumers think about high-end purses, watches, and jewellery much less unstable than different funding property. 57% of luxurious consumers consider the worth of their authenticated luxurious equipment will admire if the merchandise stays in glorious situation.
The Luxury Exchange venture is part of eBay’s Authenticity Guarantee program launched in 2020. The program displays second-hand consumers’ mindset of investing in luxurious objects which were bodily authenticated.
According to BoF, greater than half of pre-loved luxurious items followers think about their designer items a type of forex that permits them to commerce in lesser-worn items for those who spark extra pleasure. Additionally, luxurious objects are seen as an funding that might get the next return on funding than different classes of merchandise. Based on the BoF information, 62% of luxurious shoppers actively itemizing on resale platforms have offered at the least one high-end accent for greater than the unique worth they paid.
The eBay Luxury Exchange welcomes objects from the next manufacturers to deliver for authentication and trade:
- Jewelry: Bvlgari, Tiffany & Co., Cartier, Van Cleef & Arpels, and David Yurman (worth vary: $500-$10,000).
- Handbags: Louis Vuitton, Chanel, Dior, Givenchy, Fendi, Loewe, Prada, Gucci, YSL, Goyard, Bottega Veneta, Chloe, Celine, and Balenciaga (worth vary: $500-$10,000).
- Watches: Rolex, Breitling, Cartier, Omega, Patek Philippe, Tag Heuer, A.Lange & Sohne, Audemars Piguet, and Blancpain (worth vary: $2,000-$10,000).
The pop-up will likely be open to the general public for 2 days solely: November sixteenth and seventeenth (from 11 am to six pm). No RSVP is required to attend an NYC-based pop-up positioned at 22 West forty seventh Street, New York, NY.
