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Dec. 12, 2024
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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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  1. LVMH Recherche announces partnership with Integrated Biosciences
  2. Luxury Unfiltered: When brands fall spectacularly short on client service
  3. Saint Laurent presents ‘As Time Goes By’
  4. BMW, Kith unveil special-edition XM SUV
  5. IWC Schaffhausen explores spaceflight in short film
  6. One&Only Resorts gains new president
  7. De Beers highlights emerging talents at awards ceremony
  8. Versace Eyewear campaign heralds style, self-expression
  9. Follow @LuxuryDaily for the latest in luxury news
  10. Accor teams with space exploration company Orbite to forge new frontiers in hospitality
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