In celebration of New York Jewellery Week, eBay opened the doorways to the Luxurious Change pop-up that landed within the coronary heart of Diamond District. Addressing the surging worth pattern within the designer items market, eBay presents luxurious fans a possibility to trade their lesser-loved items for different genuine luxurious gadgets which may higher go well with their assortment.
The pop-up will probably be open for 2 days solely (November sixteenth and seventeenth), when consumers may have a possibility to appraise their luxurious gadgets by the Authenticity Assure group to obtain an approximate worth of their merchandise (aka “closet foreign money”). Then, these enthusiastic about exchanging can store the shop’s stock of designer watches, purses, and jewellery. There’s additionally 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 latest BoF Insights and eBay-partnered investigation that concluded consumers’ curiosity in a extra sustainable round style strategy. Based mostly on this analysis, 30% of luxurious consumers take into account high-end purses, watches, and jewellery much less unstable than different funding belongings. 57% of luxurious consumers imagine the worth of their authenticated luxurious equipment will respect if the merchandise stays in glorious situation.
The Luxurious Change challenge is part of eBay’s Authenticity Assure program launched in 2020. This system displays second-hand consumers’ mindset of investing in luxurious gadgets which have been bodily authenticated.
In line with BoF, greater than half of pre-loved luxurious items followers take into account their designer items a type of foreign money that permits them to commerce in lesser-worn items for people who spark extra pleasure. Moreover, luxurious gadgets are seen as an funding that might get the next return on funding than different classes of merchandise. Based mostly on the BoF information, 62% of luxurious customers actively itemizing on resale platforms have bought at the least one high-end accent for greater than the unique worth they paid.
The eBay Luxurious Change welcomes gadgets from the next manufacturers to convey for authentication and trade:
- Jewellery: Bvlgari, Tiffany & Co., Cartier, Van Cleef & Arpels, and David Yurman (worth vary: $500-$10,000).
- Purses: 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 probably 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 Avenue, New York, NY.
