eBay Opens Store in NYC that Accepts Pre-Owned Luxury as Closet Currency

“It’s never been easier for luxury enthusiasts to refine their collections in a trusted environment, and we wanted to create an IRL experience that reflects what’s happening on eBay every day,” said Tirath Kamdar, GM of Luxury at eBay.

“The Luxury Exchange gives shoppers an opportunity to appraise and sell their valuable goods, and add something new to their personal collections – just in time for the holiday season.” eBay’s Luxury Exchange invites shoppers to have their jewelry, handbags, and watches appraised and exchanged for “closet currency” to purchase authentic items from eBay’s top luxury sellers.

How it Works Shoppers have their luxury items appraised and assigned a value with which they can shop the store’s inventory of designer watches, handbags, and jewelry. Once shoppers find an item(s) within their “currency,” they can make the exchange and walk out of the store with their new luxury goods.

If nothing in the store catches a shopper’s eye, guests can visit the on-site photo studio and opt to list on eBay themselves instead of exchanging. The Luxury Exchange comes on the heels of the expansion of Authenticity Guarantee to jewelry, a move that significantly augments…