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10min chapter
The Intelligence: Bibi bumps
Economist Podcasts
Dynamics of the Secondhand Luxury Handbag Market
This chapter examines the rapid growth in demand for secondhand luxury handbags and the rise of counterfeit products. It discusses the role of technology and online platforms in transforming the luxury market while highlighting the challenges of authenticity verification and information asymmetry. Drawing parallels to the used car market, it underscores the complexities of the resale environment and the diminishing trust among buyers.
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