RE-Luxury is the first trade fair dedicated to the Re-Commerce of luxury and collectible objects, but also to initiatives in the field of the circular economy. Organized from 4 to 7 November 2022 at the Hotel Président Wilson in Geneva, this event will welcome some thirty Swiss and international participants. It is open to the public and to professionals.
The Boston Consulting Group (BCG) reveals that more second-hand watches are now sold worldwide than new watches ! The second-hand market in luxury goods has been growing and exploding in recent years. A trend adopted in particular by the younger generations: “70% of female luxury buyers make their first luxury purchase via a vintage product.”
“The resale market in luxury is set to last and grow; it completely changes the notion of “consumption” into “investment”; and investments that, over time, often have a value greater than the initial purchase price”, says Fabienne Lupo, who initiated the new event.
Featured photo : © Vestiaire Collective