Is luxury fashion resale losing some of its sparkle?

What is one of the main reasons for the growth of the luxury resale market?

• Increased production of luxury goods

• Pandemic lockdowns accelerating online trade

• Decrease in luxury brand prices

• Lack of interest in new luxury items

What is the estimated value of the luxury resale market in 2021?

• $10 billion

• $300 billion

• $37 billion

• $100 billion

Which factor is becoming increasingly important for luxury shoppers when buying second-hand items?

• Brand loyalty

• Sustainability

• Seasonal trends

• Immediate availability

What is a significant challenge faced by the luxury resale market?

• Lack of consumer interest

• High operating costs

• Overproduction of luxury items

• Limited online platforms

Which item is highlighted as a lucrative asset in the luxury resale market?

• Elmes Himalayan Birkin handbag

• Designer clothing

• Luxury watches

• High-end jewelry

What is a common reason for luxury brands' reluctance to embrace resale platforms?

• High production costs

• Lack of consumer interest

• Fear of losing brand exclusivity

• Limited market reach

What technology is used to combat counterfeit goods in the luxury resale market?

• Virtual reality

• AI and digital fingerprinting

• 3D printing

• Blockchain