#Rebag #Clair Report #luxury resale

Rebag Unveils Its Fifth Annual Clair Report

Insights into Luxury Resale Market Trends for 2024

Rebag, a leading name in luxury resale, has officially launched the fifth edition of its Clair Report. This report stands as a comprehensive luxury appraisal index, shedding light on crucial trends and brand valuations within the resale market. With an amalgamation of data from the previous year, the 2024 Clair Report serves as an invaluable resource for consumers making investment decisions in luxury items.

The Current Landscape of Luxury Resale

According to Charles Gorra, CEO and founder of Rebag, 2024 is a remarkable year for luxury resale, showcasing a variety of dynamic shifts shaped by brand value, influencer culture, and evolving shopper behavior. The report aims to empower buyers with knowledge, equipping them to navigate this fast-changing environment confidently.

One striking revelation from the report is Goyard's unprecedented achievement. For the first time, it has surpassed Hermès in terms of value retention, boasting a remarkable 104% retention rate. Hermès also maintains its strong footing, keeping 100% of its retail value intact.

Chanel and Louis Vuitton have joined the ranks of the top performers, achieving value retention rates of 92% and 88%, respectively, thus entering the coveted 'unicorn' category. Notably, Celine and Prada made substantial gains as well, with Celine's value retention climbing by 16% and Prada's notable increase of 13%. Remarkably, the Re-Edition 2000 Hobo from Prada even achieved a staggering 109% retention rate. Meanwhile, Miu Miu's average value retention saw a commendable increase of 13%.

Influential Trends Shaping 2024

The Taylor Swift Effect:
2024 witnessed Taylor Swift's undeniable influence across different sectors, including luxury fashion. Her globally acclaimed Eras Tour and high-profile engagement with Travis Kelce have sent ripples through the luxury market. Fans, inspired by Swift's iconic stage outfits, have gravitated towards sparkling and eye-catching outfits, leading to a surge in the desirability of petite, concert-friendly designer handbags from prestigious names like Prada, Chanel, and Fendi.

TikTok Trends:
In August 2024, the