YOU NEED TO SEE THIS: How the Virus is Impacting the Luxury Market & HOW TO TAKE ADVANTAGE

Hey everyone! I’m sure you’ve noticed that during this uncertain time many of our favourite retail brands have had to shut-up shop and push their online presence instead. At the same time, there are a lot of promotions and discounting going on – especially on brands where you wouldn’t expect it, such as FENDI, PRADA, GIVENCHY and more. So clearly sales are slow… The other day I took a look on Vestiaire Collective to see what the prices of pre-loved designer goods was doing, and I was stunned! Chanel seem to be on a low that I haven’t seen in a long time (I’ve used the Jumbo as an example in this – RRP it’s currently £5,110. Normally, from my experience, pre-loved prices have been between the top end of £3,000 and £5,000. Prices look to have taken a tumble, with fewer pre-loved bags available. That said, Hermes appear to be doing ok with prices sticking. However, bear in mind that these prices aren’t what the items have sold for! Ad*