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

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

Can Louis Vuitton get consumers to spend $160 on lipstick in this economy?

Tech Insider : Business, Economy, Environment
Louis Vuitton store
Louis Vuitton launched its high-end beauty line this week.

Klaudia Radecka/NurPhoto via Getty Images

The Walmart 'Birkin' dupe is having a moment. These are the luxury handbags most likely to be faked.

Tech Insider : Business, Style
Hermès Kelly bag
Kelly bags by Hermès are a coveted second-hand purchase — and are also commonly ripped off.

Edward Berthelot/Getty Images

The Olympics are getting a luxury makeover this year

Tech Insider : Sports
Illustration of different brand products with the Olympic rings.

Dior; Louis Vuitton; Glossier; Jenny Chang-Rodriguez/BI

A Louis Vuitton x SpaceX rocket could be coming to a sky near you

Tech Insider
Bernard Arnault and Elon Musk
Bernard Arnault discussed his friendship with Elon Musk, saying the two have even talked about collaborating.

Chesnot/Getty Images; Marc Piasecki/Getty Images

Take a look at the luxury items LVMH is custom-making for the Paris Olympics

Tech Insider : Sports
Louis Vuitton trunk holding Olympic medals
A custom Louis Vuitton trunk holds the Olympic medals, also designed by an LVMH brand.

Courtesy of LVMH

Japan is fast becoming the hottest market for luxury brands

Tech Insider
people queuing outside the Dior store in Tokyo
Tourists are flocking to Japan to take advantage of its currency downturn, buying luxury goods for less.

Tomohiro Ohsumi/Getty Images

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