As the stigma surrounding the resale of luxury goods fades, a market has popped up catering specifically to resold goods. It has now become the norm for people to buy, sell, and buy again creating, for lack of a better term, a cycle of ownership.
The post Resale and The Circular Nature of Luxury Goods Ownership appeared first on LUXUO.

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In recent years, the market for resold luxury goods has exploded. Fuelled by the growth of the internet and increased levels of interpersonal connectivity, a multitude of platforms have risen to capitalise on this trend. Some of them are more generic, with listings of many different categories. Others focus on a specific type of product, for example Chrono24, which caters to watch aficionados. It is therefore becoming increasingly simple to resell luxury goods, which many are now starting to do for several reasons. The resulting effect is that, while luxury goods used to be more often bought and held onto, ownership of such products has become more circular in nature.
Before we proceed further, we should clarify that in this article, the terms resold and second-hand are going to be used interchangeably. Also, we are going to use these terms to refer to any items that have been owned by someone before being sold off, regardless of the level of use they have experienced, i.e. pre-loved or mint condition.

Like we said, more people are taking advantage of the internet and its benefit of ...