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Feb. 27, 2026
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Apparel and accessories

Well-loved luxury proves recession-proof as ‘fair condition’ demand doubles: report

January 20, 2023

Macroeconomic uncertainty is shifting the way luxury seekers are navigating the circular economy, according to The RealReal. Image credit: The RealReal Macroeconomic uncertainty is shifting the way luxury seekers are navigating the circular economy, according to The RealReal. Image credit: The RealReal

 

By Amirah Keaton

Luxury resale platform The RealReal is forecasting a quieter future for ultraluxury in 2023, as prices for Hermès, Chanel, Gucci and Louis Vuitton – brands that have garnered more than 70 percent above MSRP since 2020 – are down 5 percent on the platform.

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