Rebag, the authority for buying and selling luxury, releases the second edition of its Clair Report, a consumer resource covering shifts within the luxury market pertaining to retained brand value and pricing trends.
Culled from the data retrieved from Rebag's revolutionary pricing tool Clair, the Comprehensive Luxury Appraisal Index for Resale, Rebag's 2021 Clair Report investigates the value of luxury brands on the resale market, including Rebag's newly added categories of watches and fine jewelry. "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 currently…
