Rebag’s 2023 Clair Report unveils Telfar as a standout in the luxury resale arena, maintaining an impressive 228% average retail value. The report delves into the dynamic landscape of luxury resale, providing crucial insights into brand performance and emerging trends.
Hermès retains its stronghold, securing the top spot for the fourth year with a remarkable 110% retail value retention. Fendi sees a notable 4% increase in 2023, driven by popular styles like the Baguette, the First, and the Sunshine Shopper. Louis Vuitton’s iconic Neverfull, strategically introduced with a waitlist, surges by 8%, achieving an impressive 136% average value retention.
Despite economic challenges, Celine, Prada, and Valentino display resilience in 2023, maintaining strong retention values. In accessories, Audemars Piguet and Patek Philippe watches shine with increases of 41% and 14%, respectively. Cartier emerges as a solid investment in the watch market, with the Must de Cartier Tank and Tank Solo boasting 95% and 94% average value retention.
In the trend landscape, ‘quiet luxury’ takes center stage, showcasing understated elegance with brands like The Row, Loewe, and Bottega Veneta flourishing in value retention. The influence of ‘Barbie Pink’ is evident, with pink handbags commanding an average retention value of 81%, surpassing the combined average for all other colors.
Fendi experiences a significant surge in average value retention for Peekaboo and Baguette bags, driven in part by its prominent presence in the ‘SATC’ reboot.
Charles Gorra, CEO and founder of Rebag, notes that the 2023 Clair Report highlights intriguing shifts in the luxury resale market. From the impact of primary market scarcity and price increases on resale value to pop culture’s influence on retention and the continued growth of the second-hand watch market, these insights aim to provide transparency and instill confidence in consumers navigating luxury purchases.
