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Thursday, 24 October 2019

Reselling Handbags Gets Easier With Rebag’s Clair Tool

Rebag is touting its real-time price transparency tool Clair as a “game changer” to the “opaque” luxury resale industry. An acronym for Comprehensive Luxury Appraisal Index for Resale, Clair aims to create access, giving “expert data to non-experts” within the handbag vertical. “We moved a process that took weeks or months to a few days, then one hour in our stores — then minutes with Clair,” said Charles Gorra, founder and chief executive officer of Rebag. Removing the friction between resellers and consumers is necessary for the luxury resale industry, and with greater price transparency consumers can take on a more active and informed role in regards to their handbag investments. As a proprietary software tool that was five years in the making, Clair has data and insight on more than 50 brands and 10,000 handbags. With universal codes, a detailed condition grade rubric built into the software as well as accessibility via Rebag’s web site or its mobile app, Clair is positioned to be a benefit to “anyone who is involved in this space,” according to Gorra. While peer-to-peer marketplace StockX reveals an item’s true market price (including streetwear, handbags, footwear and collectibles), Rebag, as with other managed marketplaces such as consignment

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