Clair Report 2023: Rebag releases its second annual luxury resale value

“Over the past year, the retail landscape has dramatically shifted”, says Charles Gorra, CEO and Founder of Rebag. “With the Clair Report, we aim to lift the lid on what forces are fueling the future of luxury.

We hope these insights will enable further transparency in the luxury market at large, expand the product life cycle, and create more circularity.” Key Insights from the Clair Report: The top luxury brands for 2021:  Hermès, Chanel, and Louis Vuitton held their place as the top three labels — their historic legacies play a role as well as their control over pricing and inventory  Bottega Veneta continues to consistently climb the ranks, retaining value in line with brands such as Prada, Celine, and Balenciaga  Hermès handbags continue to top the list, retaining an average of 90% of their retail value  Louis Vuitton followed with 80%, gaining 17 percentage points over last year  Chanel handbags kept 75% of their value on average, climbing 12 percentage points from 2020 The value of timepieces and fine jewelry: Van Cleef & Arpels, Rolex, and Cartier stand at the top of the chart  Van Cleef & Arpels pieces retain an average value of 95% of their retail value  Rolex timepieces…