Madison Avenue Couture CEO Judy Taylor details Why Her Luxury Goods Resale Company has 'the edge' on Rivals

As planetary markets person go progressively unpredictable, luxury accessories person seen a dependable emergence successful sales. 

The recategorisation of luxury goods — peculiarly luxury handbags — from frivolous purchases to viable investments has a batch to bash with however fiscal investments are perceived. 

The unstable banal marketplace has created an accidental for alternate assets wrong portfolios. With constricted variation handbags selling for premiums and their worth expanding implicit time, they've amazingly go 1 of the safest options.

With a planetary marketplace worth of $72 billion, which is expected to turn to $100 cardinal by 2026, it's wide that this emerging people of commodities is not going anywhere.

And portion request continues to rise, proviso is not rather keeping up, driving up prices connected secondary markets. 

These factors person created a niche marketplace accidental for haute luxury goods wrong the greater sector, led by players specified arsenic New York's Madison Avenue Couture.

Founded by CEO Judy Taylor successful 2010, the pioneering company's divers acceptable of uncommon luxury handbags—physically located in-store—quickly gained traction amongst the caller breed of luxury shopper investors, and Madison Ave Couture soon began doing boutique pop-ups connected Rue La La. 

Within a twelvemonth and a half, Judy's marque caught the attraction of Gilt, starring to a mutually beneficial three-year concern that got the luxury reseller connected the map.

After thirteen years successful business, Madison Avenue Couture has earned a estimation arsenic the golden modular successful the luxury handbag resale space. 

Focusing connected highly sought-after brands similar Hermès and Chanel, discerning section and planetary buyers admit Madison Avenue Couture's curated handbag collection. 

Whether buying online oregon astatine its NYC showroom, manner enthusiasts chasing the latest bags and lifelong connoisseurs—whose backstage reserves rival astir luxury vintage stores—can ever find what they're looking for.

Like with immoderate resale item, authenticity is paramount owed to the whopping counterfeit marketplace that's reached $3trillion. 

Madison Avenue Couture follows a thorough three-step authentication process—consisting of 2 in-house checks followed by a 3rd party—ensuring the information of each container is arsenic advertised, that close documentation is provided, and the container customers spot connected the website is the nonstop 1 they volition receive.

Taylor explains: 'Our borderline is that we own, and really person each the items we database connected manus and tin vessel purchases to their homes wrong 1 to 2 days from the sale'.

Because having carnal possession of the container successful question is uncommon successful the industry, this competitory borderline is simply a large game-changer for buyers. 

Whether shipping internationally oregon coming to the New York showroom to prime up, customers person their acquisition arsenic accelerated arsenic an Amazon Prime order. 

For clients who similar to analyse their portion earlier buying, the showroom successful the bosom of New York City—which opened successful 2020—allows customers to 'try earlier they buy' portion receiving enactment and proposal from the team's experts. 

And those who can't question to the showroom tin docket a Facetime assignment with Madison Avenue Couture's luxury specialists to analyse the merchandise. 

Such concierge services are a large differentiator for buyers who expect their buying acquisition to lucifer the caliber of their purchase.

Madison Avenue Couture's unsocial inventory of uncommon bags draws high-level collectors much than immoderate different factor. 'Details and rarity, these specifics truly substance to our clientele,' adds Vice President of Sales and Marketing Alexis Clarbour.

In addition, the institution accommodates those who are besides newer to the abstraction oregon who are conscionable opening to physique their postulation by providing acquisition and helping them find the champion acceptable for their circumstantial needs. 

For instance, if a hubby wants to astonishment his woman with a imagination Kelly bag, the squad tin assistance him passim the process, adjacent offering an enactment to FaceTime to spot the possibilities connected video. 

Recognized arsenic a starring reseller of Hermès, the institution is renowned successful the abstraction for sourcing immoderate of the rarest pieces successful the world, including a precocious sold Birkin Himalaya with diamond hardware, priced astatine $550,000 (setting a record). 

In addition, owed to Hermès' analyzable buying policy, which often involves agelong pb times and assorted filler purchases, Madison Avenue Couture's concierge work is an arsenic luxurious but welcoming alternate that does not necessitate a waitlist.

Whether it's a determination towards sustainable styles oregon a alteration , manner is perpetually successful flux, responding to the satellite arsenic it evolves. 

As the shifting planetary system causes uncertainty crossed markets, investing successful luxury handbags, whose worth has consistently proven to basal the trial of time—even performing amended than stocks astatine times—has go progressively popular. In fact, luxury handbag prices person risen 92% implicit the past decade. 

With Madison Avenue Couture continuously expanding its scope of inventory and rapidly responding to trends and lawsuit demand, the institution is simply a person successful the luxury reselling crippled and this increasing people of investment.