Ebay: a first store practicing the barter of vintage luxury in New York

Yesterday, Ebay, one of the largest online trading platforms, opened its first store for buying second-hand luxury goods : the Luxury Exchange. The currency of exchange is not the dollar, but the products themselves.

 

Dematerializing the dollar is the challenge that the French platform has taken on. Located in the heart of New York’s Diamond District, between the famous Fifth Avenue and Sixth Avenue, this innovative new store attracts the curious and luxury collectors.

 

The idea? Buyers can have their high-end goods such as jewelry, handbags or watches appraised and then exchange them for “luxury currency” by purchasing other brand-name items from top Ebay retailers such as Gucci, Rolex or Van Cleef & Arpels.

 

Established for many years by resale sites such as Vinted or Ebay, the exchange of luxury goods is now possible in real life. From the virtual to the real, there is only one step: “It has never been easier for luxury enthusiasts to refine their collections in a trusted environment. We wanted to create an experience that mirrors what happens on eBay every day,” said Tirath Kamdar, general manager of luxury at Ebay.

[…]

This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : © Pascal Sittler/ REA

Tags

The editorial team
The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Unlimited access to luxury news.

Discovery offer 1€ for 1 month!

Luxus Plus Newsletter