Secondhand luxury growing 5x quicker than new sales

An overview of global secondhand and new luxury goods sales between 2007 and 2021.

The secondhand luxury market grew more than five times quicker than new sales in 2021, according to data from consultancy Bain & Company.

Between 2017 and 2021, sales in the secondhand luxury goods market rose by 65% to equal €33bn. Over the same period,...