Luxury resale is taking over. From secondhand Birkins to used Rolexes, here's what you need to know.

Tech Insider : Business
Hermès Birkins at Fashionphile's New York flagship.
Fashionphile's New York City flagship features 15,000 items ready to be resold — including hundreds of Hermès Birkins, which consistently pull a high ROI.

Courtesy of Fashionphile

This 'shopping basket' Chanel bag just sold for a record-breaking amount

Tech Insider : Business
Chanel bag
The bag sold for more than $152,000.

CHRISTIE'S IMAGES LTD. 2025

A founder who built a business reselling handbags shares her top 3 tips for investing in luxury

Tech Insider : Business
Sarah Davis
Sarah Davis founded Fashionphile more than 25 years ago as an eBay account selling bags out of her home.

Courtesy of Fashionphile

3 luxury handbags that add capital to your closet, according to resale data

Tech Insider : Business, Style
Louis Vuitton Speedy
The Louis Vuitton Speedy bag was Fashionphile's most purchased bag this year.

Edward Berthelot/Getty Images

Chanel is betting its new artistic director can fill Karl Lagerfeld's shoes — not everyone is convinced

Tech Insider : Business, Economy
Matthieu Blazy walks the runway during the Bottega Veneta Ready to Wear Spring/Summer 2023 fashion show as part of the Milan Fashion Week on September 24, 2022, in Milan.
Matthieu Blazy, Chanel's new creative designer, previously held the top job at Bottega Veneta.

Victor VIRGILE/Gamma-Rapho via Getty Images

I bought a vintage Chanel handbag for $2,050 in 2015 and sold it for $2,000 in 2024. The girl math speaks for itself.

Tech Insider
Koyaana Redstar, the head of luxury buying at Luxe Du Jour, an online luxury boutique for vintage designer handbags.
Koyaana Redstar is the head of luxury buying at Luxe Du Jour, an online luxury boutique for vintage designer handbags.

Koyaana Redstar

There's more to China's luxury spending slump than its struggling economy

Tech Insider
A Chinese flag curtain closes on luxury bags
Demand for luxury goods in China is slowing.

Hermes; Louis Vuitton; Getty Images; Chelsea Jia Feng/BI

Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide

Tech Insider
bernard arnault
LVMH CEO Bernard Arnault took a hit to his fortune as luxury stocks tanked on Tuesday.

Reuters

5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco

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Bernard Arnault
Bernard Arnault is the CEO of LVMH and the world's third-richest person.

Chesnot/Getty Images

Bethenny Frankel is calling out a Chanel boutique that seemingly only allowed her to shop when she wore designer clothes

Tech Insider
Bethenny Frankel attends the 2023 Glamour Women of the Year event.
Bethenny Frankel.

Dimitrios Kambouris/Getty Images

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