year's Clair Report offers unique insight to how customers are shopping and making informed decisions with their purchases more than ever before.

We hope these insights will continue to provide 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 2022: For the second year in a row, Hermès, Louis Vuitton , and Chanel held their place as the top three labels — their historic legacies play a role as well as their control over pricing and inventory Hermès handbags continue to top the list, retaining an average of 103% of their retail value Louis Vuitton followed with 92%, gaining 12 percentage points over last year Chanel heads into Unicorn territory, increasing 12% from 75% to 87% average value retention The Rise of the Gen Z Consumer: Telfar: Off the Charts While Telfar is technically at a contemporary price point, bag exclusivity and availability due to Telfar's drop model has led to an increase in resale price.

For the first time, the brand's average value retention on the secondary market exceeds all legacy brands, including Hermès. Telfar items are consistently over…