Y2k, pearls, Birkins and more. Meet 2023's five luxury resale trends to rule us all.
is flagging the five major trends that are set to dominate the fashion industry come 2023.
This year's retrospective report, courtesy of one of the biggest players in luxury resale, is proof of which trends are the hottest, and why — which Fashionphile understands may impact consumers' investment decisions amid a turbulent economy. "Inflation continues to be top of mind, and as retail prices go up to historic highs, resale prices go up in lock step," the report states, citing the past year's
. "Not only is this a good time to sell those investments you may have sitting in your closet, but resale is a lucrative place to stash your cash in ultra-luxury investments."The Hermès Birkin, available for resale purchase at Fashionphile, remains one of the platform's most desired handbags.
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