Rebag creates resale price transparency
A luxury handbag reseller is providing consumers with real-time resale value data.
Rebag is rolling out a new proprietary software tool called Clair by Rebag. Designed to serve as a comprehensive luxury appraisal index for resale, Clair enables the omnichannel retailer to determines the value of any handbag across a list of more than 50 brands and 10,000 bags. It offers consumers an exact and fully automated price that Rebag is currently willing to pay to acquire that item.
To use Clair, consumers navigate through the Rebag website or app to the Clair portal to select the handbag’s brand, model, style, and size, then tell Clair more about the product’s color and condition. Clair will then instantly generate the handbag’s resale value.
Receiving an appraisal from Clair doesn’t lock consumers in to buy or sell through Rebag. Once customers have seen the value, they can decide to hold onto the investment, consign it, sell/trade it in through Rebag, or buy more of them elsewhere.
“With more and more consumers contemplating the resale value of their luxury purchases, we’ve created a taxonomy that provides a more transparent way for consumers to shop more wisely,” said Charles Gorra, founder and CEO of Rebag. “We’ve spent years gathering data and analyzing the luxury handbag market. Clair is our way of sharing that knowledge with the world - and it’s only the beginning.”