You can now buy and sell luxury goods from Rolex, Hermes, and Louis Vuitton with StockX.
Unlike luxury sneakers, StockX will only allow users to sell used handbags and watches in “excellent condition”. The company will also inspect all items for sale by hand to ensure quality control and authenticity, reports TechCrunch.
Additionally, the items will receive the same transparent marketing that sneakers receive. Meaning that the item’s historicalpricing will be listed, along with its “Bid” (a price which buyers are willing to purchase the item at) and “Ask” (a price the sellers are willing to sell at) price.
Luxury brands listed on StockX include Chanel, Hermes, Cartier, and Omega – with some luxury items like this Rolex Submariner currently going for US$6 (approx. S$8.50).
TechCrunch reports that StockX’s latest update will be available to international customers and resellers in the future. For more information on StockX and its services, click here.