Defining Luxury Consignment
Luxury consignment is a specialized business model where individuals sell their pre-owned high-end designer items through trusted third-party platforms. Unlike traditional second-hand sales, consignment involves temporarily giving possession of designer goods to professional resale companies that handle authentication, pricing, photography, and sales on behalf of the original owner, as explained by Becca’s Bags.
The process works simply: customers submit luxury items, such as designer handbags, jewelry, watches, or clothing, to a consignment platform. The company authenticates, photographs, and lists these items across multiple marketplaces. Once sold, proceeds are split between the consignor and the platform, with sellers typically receiving the majority percentage.
Industry-Defining Developments in 2025
myGemma’s Consignment Launch
In February 2025, myGemma launched its luxury consignment service, expanding beyond its traditional direct-selling model. The service promises customers up to 25% more than direct selling by listing items across 25+ marketplaces, including Farfetch, Amazon Luxury Stores, and 1stDibs.
According to myGemma’s leadership, the company is committed to elevating the luxury resale experience and offering sellers flexibility and speed, whether they consign or sell directly. Both buyers and sellers benefit from a process designed to make luxury transactions fast, easy, and reliable.
The platform’s performance metrics show 80% of 2024 listings sold in 2024, with an average sale time of just 52 days.
Rebag’s Amazon Partnership
A key development in 2025 was Rebag‘s collaboration with Amazon’s Luxury Stores. This partnership brings nearly 30,000 meticulously curated pre-loved luxury items to Amazon’s platform, featuring brands like Hermès, Louis Vuitton, Rolex, and Cartier.
According to Rebag’s leadership, the partnership with Amazon aims to redefine how customers shop for pre-owned luxury, allowing the company to reach a broader audience and answer the growing demand for sustainable, convenient, and trustworthy luxury fashion experiences.
Market Dynamics and Growth Drivers
The U.S. luxury resale market was valued at $8.65 billion in 2024 and is projected to reach $13.04 billion by 2030, rising at a CAGR of 7.08%. Several factors are driving this expansion:
Sustainability Awareness: Younger consumers, especially Gen Z and millennials, often seek out sustainable fashion. Luxury consignment supports circular economy principles, appealing to environmentally conscious shoppers.
Economic Accessibility: More people can now own high-end designer items. Consignment opens up designer fashion to a wider range of consumers who may find new retail prices prohibitive.
Authentication Confidence: Professional platforms employ trained experts to verify every item’s authenticity, which tackles concerns about counterfeit goods and gives buyers peace of mind.
The Professional Approach
Luxury consignment platforms set themselves apart by:
- Careful Authentication: Multiple verification checks confirm materials, craftsmanship, and brand-specific features.
- Professional Presentation: Studio photography and in-house repairs ensure that items are presented in the best possible condition.
- Broad Distribution: Items are listed across numerous luxury marketplaces at once, increasing exposure and optimizing sale prices.
Popular Categories
Typical categories featured by luxury consignment platforms include:
- Handbags: Chanel, Gucci, Louis Vuitton, Hermès, Dior
- Jewelry: Cartier, Van Cleef & Arpels, Tiffany & Co.
- Watches: Rolex, Patek Philippe, Audemars Piguet.
- Designer Fashion: Recent runway pieces from top luxury houses.
Future Outlook
As luxury consignment moves into the mainstream, technologies such as artificial intelligence and advanced authentication methods are shaping the future. Strategic partnerships with major retailers are further evidence of the sector’s maturity and growing acceptance.
For shoppers, consignment provides access to authenticated designer goods at more competitive prices while promoting more sustainable shopping habits. For those with luxury items they no longer use, it’s an effective and professional method to turn unworn goods into cash, minus the hassle or risk.
Luxury consignment is quickly becoming a central avenue for buying and selling high-end goods, reflecting broader changes in both retail habits and sustainability priorities. As this market continues to grow, it’s shaping what it means to shop luxury in the 21st-century circular economy.
