The RealReal’s 2023 Luxury Consignment Report Predicts Drop In Y2K Fashion

The RealReal released its 2023 luxury consignment report findings, featuring major intel for the fashionista in your life. For the 66% of consumers that shop resale to get a good deal, one of the main accessories remains purses. However, The RealReal reports that tastes are shifting; the sky-high prices for luxury brands like Louis Vuitton, Gucci, Hermès, and Chanel are finally stabilizing and no longer selling for a whopping 70% more than their MSRP. Consumers are also turning to “trendier” brands — in this case, the likes of Miu Miu and Bottega Veneta — in lieu of investing in pricier… Read Full Article