WATCH: Why vintage and secondhand luxury bags have become highly desirable
Summary
More people are buying vintage and secondhand luxury bags. Experts say that by 2027, the market for these used luxury items will grow faster than new luxury sales.Key Facts
- Vintage means older, classic bags made in the past.
- Secondhand bags are ones that have been owned before.
- Shoppers find these bags more desirable now.
- Fashion insiders explain the reasons behind this trend.
- McKinsey, a market research company, predicts the secondhand luxury market will grow larger than retail luxury by 2027.
- The trend shows a shift in how people buy luxury goods.
- This growth affects the overall luxury fashion market.
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