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Chanel Resale Value & How to Maximize Profits - Academy by FASHIONPHILE

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Here's all about Chanel's resale value, price increases, and popular styles that make Chanel one of the best investments.

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(CNN) — To become a “master” authenticator at Fashionphile — the highest level of training to weed out designer fakes at the luxe online marketplace — takes more than 8,000 hours of rigorous schooling, according to the company. Trainees learn to quickly spot an error in the date format inside a Louis Vuitton bag, for example, or know the correct metal alloy makeup of a Cartier watch.

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Chanel Resale Value - Vintage Designer Bags Investment

The secondary luxury market is a recent phenomenon attributed to changing consumer beliefs that influence their consumption process. The purpose of this study was to explain consumption behaviors of secondary luxury consumers by investigating secondary consumer beliefs and purchase intention, specifically in the context of online shopping. An online survey was created in Qualtrics to collect data. After a preliminary analysis, structural equation modeling was used to conduct a confirmatory factory analysis and to test the hypothesized relationships. The findings revealed that all consumer beliefs, including environmental, frugality, online retailing, and fashion consciousness, positively influenced consumers’ attitudes and subsequent purchase intention for second-hand luxury items from online secondary luxury retailers. This study added to the literature by utilizing the Theory of Planned Behavior framework and incorporating the secondary luxury consumer beliefs. Ultimately, the researchers were able to better understand this online secondary luxury consumer and what influences the consumer to purchase secondary luxury goods from online retailers such as The RealReal.

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The appraisal experts at Biltmore Loan and Jewelry share three essential steps to follow if you want to increase the resale value of your luxury handbag.