Pursuits
Holiday Shoppers With Money to Burn Covet Secondhand Luxury
Even the rich are more cost-conscious during a pandemic.
Photographer: Nina Westervelt/Bloomberg via Getty Images
Covid-19 has made most shoppers cost-conscious this holiday season, but those with cash to burn are still finding ways to splurge. As retail sales in general suffer, luxury fashion—the previously owned kind—is flying off the shelves.
Peer-to-peer online luxury consignment shop Tradesy reported a jump in sales over the past few weeks for used high-end shoes, jewelry and handbags. In the past, the Santa Monica, California-based company didn’t see such a pronounced rise in purchases this time of year, said Tradesy Chief Executive Officer Tracy DiNunzio. But recent years, and especially this year, have been different.