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  1. Announcing the Luxury Commercial Real Estate Summit New York Sept. 16 
  2. Death of the agency model – and what replaces it 
  3. HENRYs, while not self-identifying as rich, see themselves as connoisseurs of high-end objects, experiences: report
  4. African diasporic art show aims ambitiously to widen circle of private collectors beyond community 
  5. US luxury homes still moving faster than a year ago across every tier: report
  6. Global superyacht industry turns into $62B economic force with influence beyond tourism: report
  7. The Hyderabad Paradox: Where India’s fastest-growing luxury demand has run ahead of its infrastructure
  8. High-end US real estate market defies single-price threshold: report
  9. Headlines: Orient Express, China Singles' Day, Gucci and De Beers
  10. UAE still poised for growth in post-conflict era: report 
Comment

Research

Report: Global secondhand luxury sales to reach $58B in 2028 with Gens Y, Z sustainability nod

October 23, 2023

Vestiaire Collective is one of the leading global players in the luxury resale space as younger Gen Y and Z consumers gravitate to more pre-owned sale items from reputed brands. Image credit: Vestiaire Collective Vestiaire Collective is one of the leading global players in the luxury resale space as younger Gen Y and Z consumers gravitate to more pre-owned sale items from reputed brands. Image credit: Vestiaire Collective

 

By Staff reports

The global secondhand luxury market is on an upward trajectory, with a market value of $31.12 billion last year and projected to almost double by $58.30 billion by 2028.

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