Nothing stops the success of luxury brands! The set can quickly exceed the insured values. We want to mix fashion accessories, watches, jewelry from the new collection with the iconic "vintage" models. Chanel is the favorite brand of Internet users according to a survey by Forbes.
If you're a watch collector or a shopaholic, you'll be surprised after a quick inventory of your dressing room to assess its contents. In case of fire or other total loss, the indemnity may be limited to your furniture coverage limit. It is up to you to check the amount that was retained when you took out your insurance contract and the value of the contents to date. According to market trends, clothing, bags and artists' jewelry collections are on the rise due to strong demand on the international market from a new clientele that is free of the codes of the previous generation.
The contents of our homes are changing and it is not uncommon to find luxury branded glasses, bags, shoes or watches in many modest homes.
An auction price is a starting price for a public sale by an auctioneer. If there are no takers, the item is withdrawn; you have a few days to make a direct bid. More and more fashion-specific auctions are being held around the holidays. Compare the sale fees from one auction house to another! Municipal credit offers much lower fees than auctioneers' offices.
You will be able to meet with merchants and learn to better understand their resale margins within their specialized store or Internet site.
The price differences between the sales room and the specialized stores can be multiplied by 2 or more.
The second-hand market on Internet resale sites is said to be flourishing. However, I would like to draw your attention to the sales from private individuals to private individuals which do not offer the guarantee of an expertise of the object.
There are so many counterfeit ways to sell on the market! It is necessary to be very attentive to all the external and internal details, seams, logo...
"The Internet has become a major distribution channel for counterfeit products," according to the entreprise.gouv.fr website. "In France, seizures of counterfeit products have increased nearly 45-fold between 1994 and 2011, from 200,000 to 8.9 million products."
The traceability of the products becomes important in all transactions and the supporting documents must be able to be produced also between private individuals. Purchase invoice, sales slip, warranty certificate, maintenance invoice, original packaging are elements to be taken into consideration from a transaction amount.
Le Figaro gives the Luxpriceindex indices for the example of the Constance Hermès bag which goes from €1000 to €6000 between 2006 and 2018. These price averages from public auctions are also used on the site Collectorsquare. for watches.
Some specific insurances exist to insure your dressing room in replacement value.
You can also change your coverage limit by keeping your current insurance contract. Ask your insurer for more information. This will be an opportunity to take stock of your situation.
In the event of a claim, it will be necessary to prove the existence and condition of the bags, for example, by taking photographs, but not only. Warranty and maintenance certificates for watches, purchase invoices and certificates of sale between private individuals (in good and due form), will ensure good traceability. The resale price will always be higher with the right documents and original packaging to keep if you can.
We note price differences for the same product on the various second-hand markets; second-hand shops, public auction rooms, specialized stores, or Internet site.
