For luxury shoppers, value retention and resale value is paramount for savvy investors and fashion enthusiasts alike. Rebag, a leading authority in the luxury accessory market, has just released its fourth annual Clair Report, offering invaluable insights into the resale values of high-end brands.
As we peel back the layers of this year's findings, we uncover the impact of primary market scarcity, pop culture influences, and the burgeoning second-hand watch market on resale values. The Clair Report reveals the impressive performance of certain luxury brands that have maintained or even increased their value retention despite challenging macroeconomic conditions.
Whether you're a seasoned collector or a newcomer to the luxury scene, understanding the resale value of high-end brands is crucial. Rebag's 2023 Clair Report emerges as your guide through this glittering landscape, revealing the most worthwhile investments of the year.
What is The Clair Report by Rebag?
Rebag's 2023 Clair Report, a comprehensive luxury appraisal index, is grounded in meticulous research and analysis. It leverages millions of data points from Rebag's transactions involving buying, selling, trading, and consigning luxury items such as handbags, fine jewelry, and watches. This year's edition is particularly noteworthy, revealing the most worthwhile investments and the impact of market dynamics on luxury goods' resale prices.
"This year's report illuminates the impact of primary market scarcity and price increases on resale value, pop culture's influence on value retention, and the continued growth of the second-hand watch market, among other key data points. We hope these valuable insights provide transparency and inspire confidence in consumers making luxury purchases," says Charles Gorra, CEO and Founder of Rebag.
Key Findings: The Clair Report 2023
With insights powered by Rebag's proprietary Clair technology, which harnesses millions of data points, the report offers a clear-eyed view of which luxury brands and items hold their worth and which promise the best return on investment.
Hermès continues to reign supreme in the luxury market, with its handbags retaining 110% of their retail value for the fourth consecutive year. Telfar, the top-performing brand in the 2022 Clair Report, remains a formidable player with a 228% average value retention in 2023. Fendi climbed 4 percentage points supported by styles like the Baguette, the First, and the Sunshine Shopper. Similarly, Celine, Prada, and Valentino held strong, preserving their value from the previous year.
The report also highlights the influence of pop culture and market scarcity on luxury items' desirability and subsequent value. After Louis Vuitton introduced a waitlist for the iconic Neverfull bag, its popularity surged, resulting in an 8 percentage point increase to a remarkable 136% average value retention.
Audemars Piguet and Patek Philippe emerged as the standout watch performers, with increases of 41 and 14 percentage points, respectively, aligning Audemars Piguet with Rolex for the first time at 107% value retention. Cartier's Tank watches, particularly the Must de Cartier Tank and Tank Solo, also demonstrated exceptional investment potential with 95% and 94% average value retention, respectively.
For those interested in delving deeper into the findings of the Clair Report, it is accessible through Rebag's website. As a company celebrated for its innovation and growth, Rebag continues to solidify its position as a luxury resale leader, providing customers unparalleled transparency and flexibility in their luxury transactions.
Trending: The Rise of Quiet Luxury
The prevailing trend of 2023 was undoubtedly "quiet luxury," which prioritizes understated elegance over ostentation. Brands such as Loewe, The Row, and Bottega Veneta led this movement away from flashy branding towards refined craftsmanship. These labels have become the epitome of this trend, with their products retaining impressive values in the resale market—59%, 60%, and 52% respectively.
Among the standout items, the Loewe Basket Tote retained an astonishing 92% of its retail value, while The Row's N/S Park Tote and Bottega Veneta's BV Jodie Hobo maintained 85% and 73% of their original prices.
Another color trend that took the fashion industry by storm was the resurgence of Barbie pink. This vibrant shade made a splash on the runway and the red carpet, influencing the market significantly. Pink handbags, in particular, saw an average value retention of 81%, outperforming the combined average for all other colors, which stood at 76%.
Leading the pack were Chanel's Single Flap Quilted Lambskin Mini and 19 Flap Bag Quilted Leather Medium, along with Prada's Re-Edition 2000 Hobo Tessuto Mini, which retained 110%, 102%, and 81% of their retail values, respectively.
The influence of pop culture on fashion trends was also evident in the impact of the 'SATC' reboot's second season on Fendi's iconic bags. The Peekaboo and Baguette, both featured in the series, saw their average value retention soar by 48% and 34%, respectively, post-finale. This demonstrates the power of television and celebrity endorsement in driving consumer interest and market value.
Moreover, Tiffany & Co.'s acquisition by LVMH has revitalized the brand, with certain styles like the Return To Tiffany Heart Tag Choker Necklace achieving a 94% average value retention. This resurgence is partly due to the Return to Tiffany x Beyoncé Collection, which reintroduced the iconic design to a new audience.
For more information, and to access the Clair Report, visit rebag.com/clairreport
