Luxury Briefing: The Rolex she bought was fake — is she owed the appreciated value?
Consignment platforms like The RealReal, Rebag and Fashionphile have encouraged customers to think of their watches and handbags as financial investments, ones that can store value and appreciate the same way that investments like fine art do. These platforms already take authentication seriously, but when customers are buying things with the expectation that they’ll be able to sell it in the future and make – or, at least, not lose – money, the stakes are higher.
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