Spotlight | France
How second-hand sales send Hermès bag prices soaring

Among Hermès bags, the Birkin and Kelly models are very popular on luxury consignment platforms.
Among Hermès bags, the Birkin and Kelly models are very popular on luxury consignment platforms. © Studio Pachamama
Manufactured in limited quantities, Hermès's most sought-after bags are at the core of a resale system orchestrated by second-hand luxury retailers, which sell brand-new items as if they had been pre-owned. That practice distorts the market and ramps up prices. [...]
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