The RealReal

More on floopy Birkins and not-so-pristine status bags



Floopy Birkin Mary Kate Olsen

‘Floopy’ Birkins are in the news again.

Last year I noticed the move towards not-so-pristine heritage handbags, the kind that look like they’ve been inherited from a wealthy aunt rather than bought box fresh from Luxury Promise. Vogue Business (pay wall) has dug deeper into the phenomenon with new stats from The RealReal that show people are buying visibly lived-in Hermès Birkins and Chanel Double Flaps at a lower price than the ‘mint’ standard usually expected on vintage sites. In the past, luxury resale sites wouldn’t really entertain shabbily treated luxury bags, so it’s very revealing to note the shift.

According to The RealReal’s 2023 Luxury Consignment report, demand has doubled for luxury bags in ‘fair’ condition since the site started accepting them for resale last year. In a global cost of living crisis, it seems there’s still many a consumer who wants to flex a status bag. These lived-in luxuries provide a gateway for those consumers, letting them buy them for 33% less than their ‘perfect’ cousins. In the ‘fair’ condition category, unsurprisingly 60% of the market goes to heritage brands – Chanel, Louis Vuitton, Hermès and co.

As Milton Pedraza, CEO of the Luxury Institute commented in the FT while discussing the resilience of legacy brands and how they retain their perceived value in the current financial climate, “they’ve targeted a mindset, rather than a demographic. [And the mindset is] ‘Grandma (or Great-Grandma), can I borrow that Kelly bag?’”

WORDS: Disneyrollergirl / Navaz Batliwalla
IMAGE: Mary-Kate Olsen
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Trend report: What to wear for AW21



Gabriela Hearst AW21

New season, new trends! I don’t subscribe to big changes so I tend to look for second-time-around trends that suit my personal taste. (Much more manageable that way.) We’re all a bit more conscious about how we shop now so here’s a gentle reminder that you can probably just shop your existing closet for some of these. While there’s definitely a sense of ‘going out out‘ energy in the air, I’m more focused on the everyday wardrobe. So new denim silhouettes, elevated knits, hands-free bags and the perfect boots it is – with a little wellness and beauty newness included!


1/ WATCH BAES? IT’S TIME.
It’s taken a while, but classic women’s watches are having a moment. Recognised as timeless accessories rather than simply timekeepers, their popularity is being celebrated by watchfluencer platforms such as Hodinkee and Brynn Wallner’s Dimepiece. The secondary watch market is booming too, with The RealReal reporting high resale value for Cartier (below) and Patek Philippe. (more…)



What’s The deal with ‘Old Money Style’?



Stella Tennant Italian Vogue

“It’s sort of a hilariously on-the-nose name; “old money” gets right to the point of what all fashion trends ultimately are, which are displays of conspicuous consumption. Yet it seems to be arriving right on time, as a counterweight and companion to the loud, whimsical design associated with Gen Z and the name brand-heavy “California rich” look the Kardashians made inescapable.”

Boom – Rebecca Jennings from Vox just nailed my current penchant for what TikTokkers have dubbed Old Money Aesthetic. (#OldMoneyAesthetic.) That is, olde worlde Wasp cashmeres, hand-me-down Hermès (like, a custom shooting bag, not a ‘notice me’ new money Birkin), somebody’s grandfather’s Rolex Explorer (found on 1stdibs) – you get the idea. (more…)



Let them wear Hermès



wear your Hermes scarf as a coronavirus mask

The mask or no mask debate rages on.

The global consensus now seems to be that masks are a good idea to avoid passing on C-19 droplets should one be an asymptomatic spreader. But while the UK is still suffering a shortage of adequate PPA for its health workers and there’s no official word in favour of masks*, we’re kind of left to our own devices.

An interesting development has emerged from the fashion ranks. (more…)