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The Second Hand Luxury Good market is a subset of the Consumer Goods and Services industry. It is comprised of businesses that specialize in the sale of pre-owned luxury items such as designer clothing, jewelry, watches, and handbags. These items are typically sold at a fraction of the cost of their original retail price. The market is driven by the desire of consumers to purchase luxury items at a discounted price, as well as the desire of sellers to recoup some of the cost of their original purchase.
The Second Hand Luxury Good market is highly competitive, with a wide variety of companies offering a range of services. Examples of companies in the market include The RealReal, Vestiaire Collective, Rebag, and StockX. These companies offer a variety of services, such as authentication, resale, and consignment. Show Less Read more