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April 5, 2025
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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. EssilorLuxottica extends agreement with Roger Federer
  2. Chanel to serve as timekeeper of upcoming Boat Race
  3. Maserati returns as sponsor of Rolex Monte-Carlo Masters
  4. ‘Unlike the Rest’ from Ritz-Carlton Yacht Collection champions service at sea
  5. OTB Group introduces first corporate volunteer initiative
  6. Ralph Lauren launches heritage-inspired exclusives at Neiman Marcus
  7. Prada’s first standalone restaurant arrives in Asia
  8. Off the Cuff: A Q&A with McLaren's Nicolas Brown
  9. Prada taps ‘Re-Nylon’ profits to resource environmental education
  10. Dior paints portrait of founder in biography
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