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

No, you're not seeing Hermès Kelly bags everywhere. Women are carrying look-alike purses from Tory Burch.

Tech Insider : Style, Business
Chelsea Clark holds her teal Lee Radziwill bag.
A Lee Radziwill bag from Tory Burch.

Chelsea Clark

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

'Get all that Hermes stuff now': Netflix director accused of $11 million fraud rushed to buy luxury goods, texts show

Tech Insider : Business
Carl Rinsch Netflix trial
Director Carl Rinsch is on trial on charges that he defrauded Netflix of $11 million originally meant to be used for a sci-fi project.

Lloyd Mitchell for BI

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

Seeking nominations for Business Insider's inaugural list of the rising stars of luxury

Tech Insider : Business, Environment
Louis Vuitton shopping bag
Do you know someone shaking up the luxury industry? Nominate them for our first-ever list of Rising Stars of Luxury.

Europa Press News/Europa Press via Getty Images

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

Photos show the unique watch collections at Rolliefest, an invite-only gathering of watch enthusiasts

Tech Insider : Business, Sports, Style
Hand holding watches
Luxury watches were on full display during Rolliefest.

Troy Barmore

This is how the world's richest people spend their money

Tech Insider : Business, Economy
A couple walk with Hermes shopping bags as they leave a Hermes store in Paris, France, March 21, 2013. REUTERS/Philippe Wojazer/File Photo
The ultrawealthy spend more than $100 billion on personal goods, like jewelry, watches, and furniture.

Thomson Reuters

Hermès overtakes Bernard Arnault's LVMH to become France's most valuable company

Tech Insider : Business
bernard arnault
Bernard Arnault is CEO of LVMH.

Reuters

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