One Of These Designer Handbags Is Sold Every 15 Seconds In The UK - Grazia

Summary

One of the silver linings to emerge from the dark days that were endless lockdowns is that people turned to rental platforms and second hand shopping like never before. In fact, the second hand market is set to be worth around $64 billion in the next five years, with a lot of shopping happening online. Over at eBay, the original resale platform, it's not hard to see where a lot of that money is coming from.

Luxury handbags have always been big business, both in terms of buying new directly from the fashion houses themselves but also on resale sites. Now, thanks to eBay's fail-safe Authenticity Guarantee, there's added peace of mind when shopping online, as you can rest assured that the bag you're buying is the real deal.

One of the silver linings to emerge from the dark days that were endless lockdowns is that people turned to rental platforms and second hand shopping like never before. In fact, the second hand market is set to be worth around $64 billion in the next five years, with a lot of shopping happening online. Over at eBay, the original resale platform, it's not hard to see where a lot of that money is coming from.

Luxury handbags have always been big business, both in terms of buying new directly from the fashion houses themselves but also on resale sites. Now, thanks to eBay's fail-safe Authenticity Guarantee, there's added peace of mind when shopping online, as you can rest assured that the bag you're buying is the real deal.

For any bag that's priced at £500 or higher, eBay will work with carefully selected authenticators who will undertake a rigorous physical inspection, as well as the use of specialist machinery to give the accessory an official stamp of authenticity. This is great news for buyers, sure, but it's also excellent news for anyone looking to sell their beloved Balenciaga bag in order to earn some extra cash – that stamp of approval will make your wares even more desirable.

And if you are looking to sell, eBay is the place to go. In 2021, a designer handbag sold every 15 seconds in the UK, 90% of which came from individual sellers. Impressive, no?

So, what are the most popular bag brands? Well, if you have anything from Louis Vuitton, Gucci or Mulberry, then you might be even more successful as these are the three most searched-for brands on eBay.

Also, don't fret if you're worried that only brand new bags will sell online. 65% of handbags sold on eBay are pre-loved – that's good news for you, as a potential seller, but it's also excellent for the planet.

What are you waiting for? Get buying (and selling) and join the luxury revolution.