Fashioning a fortune from second-hand luxury collectibles

A global pandemic, war in Europe and disrupted global supply chains have not quelled appetite for luxury goods.
Founder of luxury resale boutique Luxe.It.Fwd, Miranda Gillespie, recently broke her own sales record at her Brisbane boutique, selling a 26-year-old Hermes Kelly handbag in alligator skin for $27,000, almost $20,000 more than an entry-level one costs in store.
She told Liam Bartlett on 6PR Mornings the price paid by the customer – a man buying the bag as a surprise for his wife – was warranted given the recent strong demand for second-hand bags and luxury fashion items.
‘People just love the quality and exclusivity of luxury handbags, and not just handbags,” she said,
“Last year we branched into luxury watches as well, we did recently sell a $19,000 Rolex… the men particularly are really into the luxury watches.
“Rather than all the wastage that we have going on in the fashion industry… we’re driving the circular fashion economy.”
Press PLAY to hear more on what second-hand luxury brands sell well