ByCelia Shatzman,
Senior Contributor.
Tariffs have come for your wallet—literally and figuratively. Those shopping for luxury goods like wallets, bags and fine jewelry have seen the impact of global tariff changes, which is even driving up the luxury resale market. That’s just one of many findings of Rebag's sixth annual Clair Report, which determines secondary luxury market pricing according to trends and consumer demand.
“For the key takeaways for this past year, we have to mention tariffs because any pricing activity on the primary market gets reflected on the secondary market,” says Rebag CMO Elizabeth Layne. “The impact of global tariffs is very real on resale and it highlighted resale as a way to not only get a better value for items, but also access. We often talk about access for items on the secondary market that maybe weren't available for many people in the primary market, such as a brand like Goyard that doesn't sell online or Hermès where you can't walk into an Hermès store and walk out with a Birkin. But now it's real access to some of these brands that weren't even selling as much on the primary market, given the tariffs and issues with imports. We also saw price hikes on the primary market to compensate for those tariffs, and because of that, you see some clear winners on the secondary market.”
