Thanks to new technologies, consumer can now buy and sell their second hands luxury items online on websites like Vestiaire collective, Vide dressing, Instant luxe or Amazon. Today people can even rent or trade them. In the world this market is worth 5 billions of dollars
The biggest advantage in these kinds of websites is that people can find exceptional pieces and do not have to wait to get it. Websites can now be trusted. Experts authenticate the product to be sure that it is not counterfeit product. Payment is secure. Finally clients have access to a worldwide market without moving of their couch.
For the luxury houses it is becoming a challenge for the next year because those website are considered as competition.