SlideShare a Scribd company logo
1 of 28
Download to read offline
In this
REPORT
R E E B O N Z | Asia Luxury Index 2017
THE LUXURY
STOCK EXCHANGE
INSIDE THE WORLD OF LUXURY
Dictated by the power of our consumers, we take a closer look
on the brands that are shaping the changing luxury sphere.
BAGS LEAD THE LUXURY
STOCK EXCHANGE
New or pre-owned? We take a closer look at the top brands
in each segment and their chartered growth.
HOTTEST BAGS OF 2017
Their styles are highly coveted by those discerning
enough to choose the best.
BRAND LEADERS
The reigning brands in online luxury shopping.
SHOES & APPARELS MAKING A POINT
With a slowdown in the demand for luxury bags, brands are turning
to shoes and apparels as avenues to increase overall sales.
SECOND LIFE: SHOPPERS SEEING
MORE VALUE IN PRE-OWNED
LUXURY
THE WARDROBE OF MILLENNIALS
Emergence of a new breed of shoppers in the pre-owned sector and
key factors they consider before making a luxury purchase.
THE STATE OF RESALE
A concise overview at what's happening in the resale
segment and the effect it's having on shopper behavior.
HERE TODAY, GONE TOMORROW
In a jiffy, these pre-owned luxury pieces were sold as soon as
they were listed on Closets!
RESALE IN THE CITY
We take a look at four of our most influential cities in fashion today
and see how they thrive in the pre-owned categories.
WITH A NEW BREED OF SHOPPERS,
WHAT ARE THE BLUE CHIP BRANDS?
TAKING STOCK OF INVESTMENT-WORTHY BRANDS
The parameters of luxury are changing. Brands with niche followings
are sharing space with big names in the luxury portfolio.
THE UNBREAKABLE BIRKIN
Indisputably, it's the holy grail of luxury bags. We take a closer look
at why a Birkin is worth the investment.
TOP 3 VALUABLE BRANDS
Taking stock of the most valuable brands and products.
THE VALUE OF AUTHENCITY
A search for greater luxury value and experience.
LUXURY TOMORROW
THE FUTURE OF THE LUXURY STOCK EXCHANGE
Reebonz's founders deconstruct luxury shopping in the next decade.
Cover 01
In the second edition of our Asia Luxury Index, we’ve observed
interesting shifts in the luxury landscape that stems from several
factors within the socio-economic fabric of our environment.
Reebonz first started out as a flash sales site in 2009 when brands
and retailers were seeking avenues to liquidate stocks post the
financial crisis. Fast forward eight years, the brand has evolved
into a luxury ecosystem that makes buying and selling the widest
range of new and pre-owned luxury accessible to consumers
globally. From featuring international luxury fashion boutiques
on our Marketplace platform to connecting individual sellers and
buyers through our do-it-yourself Closets selling mobile applica-
tion, Reebonz has continued to evolve alongside our consumers
and their changing luxury consumption habits.
2017 brought with it new challenges and opportunities that were
rightfully seized. The emergence of the millennial luxury shopper,
tilted the scales in favour of a growing pre-owned luxury market
that opened up access to classic favourites and unique finds at
accessible prices. We share insights shaping the pre-owned
market from the most established resale brands to the highest
returns earned reselling on our platforms.
Shoes continued to chip away to emerge amongst the top three
sector leaders in the luxury stock exchange. Sneakers dominated
the highest sales growth within the shoe sector with Hong Kong
contributing the most increase in overall transactions.
Luxury brands, Hermès, Louis Vuitton and Chanel, that lever-
age heritage dominated as the industry’s most valuable brands.
We take a closer look at Hermès’s unflinching performance in
its resale values further attesting its high perceived value
regardless of prior ownership.
Drawing on key insights derived from Reebonz’s latest sales
data across Australia, China, Hong Kong, Indonesia, Malaysia
and Singapore, we frame our perspectives on where the online
luxury sector stands in the ecosystem of luxury today.
SAMUEL LIM, CEO
DANIEL LIM and BENJAMIN HAN Co-Founders
Asia Luxury Index 2017 | R E E B O N Z02 Note From The Founders
NOTE
from the
founders
SECTION1
T H E
LUXURY
Stock Exchange
I N S I D E T H E
WORLD of LUXURY
Dictated by the power of our consumers, we take a closer look at the brands
that are shaping the changing luxury sphere.
With swift developing luxury trends, there is an evident growth of emerging
sectors such as timepieces and accessories among luxury consumers in Asia.
With predictable players such as Prada, Balenciaga and Salvatore Ferragamo
soaring in general sectors, Bottega Veneta and Fendi emerged favourites in the
accessories category. For timepieces, Rolex and Franck Muller stay firmly rooted
in their top positions. In the pre-owned categories, powerhouse brands Hermès
and Chanel dominated in most sectors while Salvatore Ferragamo led in shoes,
with Rolex and Cartier leading in timepieces
Items classified under Accessories include eyewear, belts and jewellery.
MALAYSIA
INDONESIA
NEW
Bags: Saint Laurent, Prada, Givenchy
Small Leather Goods: Prada, Salvatore Ferragamo, Burberry
Shoes: Valentino Garavani, Salvatore Ferragamo, Tod’s
Accessories: Burberry, Alexandra McQueen, Fendi
Timepieces: Daniel Wellington, Chopard, Thomas Earnshaw
PRE-OWNED
Bags: Chanel, Louis Vuitton, Prada
Small Leather Goods: Louis Vuitton, Chanel, Prada
Shoes: Christian Louboutin, Chanel, Salvatore Ferragamo
Accessories: Chanel, Hermès, Tiffany & Co.
NEW
Bags: Saint Laurent, Balenciaga, Givenchy
Small Leather Goods: Prada, Bottega Veneta, Miu Miu
Shoes: Valentino Garavani, Salvatore Ferragamo, Tod’s
Accessories: Fendi, Burberry, Bottega Veneta
Timepieces: Rolex, Frank Muller, Panerai
PRE-OWNED
Bags: Chanel, Hermès, Céline
Small Leather Goods: Chanel, Hermès, Louis Vuitton
Shoes: Salvatore Ferragamo, Chanel, Roger Vivier
Accessories: Chanel, Cartier, Hermès
Timepieces: Rolex, Cartier, Omega
NEW
Bags: Fendi, Burbery, Prada
Small Leather Goods: Balenciaga, Givenchy, Prada
Shoes: Valentino Garavani, Salvatore Ferragamo, Tod’s
Accessories: Burberry, Fendi, Alexander McQueen
PRE-OWNED
Bags: Louis Vuitton, Chanel, Salvatore Ferragamo
Small Leather Goods: Miu Miu
Shoes: Hermès
Accessories: Chanel, Gucci, Tiffany & Co.
NEW
Bags: Balenciaga, Fendi, Givenchy
Small Leather Goods: Balenciaga, Salvatore Ferragamo, Prada
Shoes: Tory Burch, Saint Laurent, Salvatore Ferragamo
. Accessories: Balenciaga, Bottega Veneta, Burberry
Timepieces: Daniel Wellington, Rolex, Chopard
PRE-OWNED
Bags: Chanel, Louis Vuitton, Prada
Small Leather Goods: Louis Vuitton, Chanel, Gucci
Shoes: Salvatore Ferragamo, Christian Louboutin, Prada
Accessories: Chanel, Hermès, Bvlgari
Timepieces: Rolex, Hermès, Omega
NEW
Bags: Prada, Balenciaga, Fendi
Small Leather Goods: Prada, Bottega Veneta, Salvatore Ferragamo
Shoes: Salvatore Ferragamo, Valentino Garavani, Tory Burch
Accessories: Fendi, Burberry, Bottega Veneta
Timepieces: Frank Muller, Daniel Wellington, Locman
PRE-OWNED
Bags: Chanel, Louis Vuitton, Prada
Small Leather Goods: Hermès, Louis Vuitton, Prada
Shoes: Chanel, Salvatore Ferragamo, Christian Louboutin
Accessories: Hermès, Bvlgari, Chanel
Timepieces: Rolex, Cartier, Omega
HONG KONG/
MACAU
Australia/New Zealand
CHINA
SINGAPORE
NEW
Bags: Balenciaga, Prada, Saint Laurent
Small Leather Goods: Prada, Salvatore Ferragamo, Bottega
Veneta
Shoes: Salvatore Ferragamo, Valentino Garavani, Tory Burch
Accessories: Balenciaga, Fendi, Bottega Veneta
Timepieces: Frank Muller, Rolex, Daniel Wellington
PRE-OWNED
Bags: Chanel, Louis Vuitton, Hermès
Small Leather Goods: Louis Vuitton, Chanel, Hermès
Shoes: Salvatore Ferragamo, Christian Louboutin, Chanel
Accessories: Chanel, Hermès, Bvlgari
Timepieces: Rolex, Cartier, Omega
Asia Luxury Index 2017 | R E E B O N Z04 Inside The World of Luxury
LOUIS VUITTON
fell to the third place in the
pre-owned bags category
although the total number of
transactions increased from 8%
to 13% between 2016 and 2017
8% 13%
201
6
201
7
R E E B O N Z | Asia Luxury Index 2017 Bags Lead The Luxury Stock Exchange 05
3x
New bags are 3x
more popular than
small leather goods
(2015 - 2017)
6in10Every 6 in 10 orders
are for a bag in 2016
and 2017.
12x
Pre-owned bags are 12x more
popular than jewellery from
2015 to 2017.
77%
Bags make up an average of 77% of total
transactions in 2016 and 2017, across
new and pre-owned categories.
NEW BAGS PRE-OWNED BAGS
BALENCIAGA
represented 9% and 10%
of new bag transactions in
2016 and 2017.
PRADA
stayed the same and remains
second in place making up 9%
and 7% of new bags sold in
2016 and 2017
SAINT LAURENT
remains the third best selling
brand, making up 9% and 6%
of new bags sold in 2016
and 2017.
CHANEL
continues to be the top brand
for pre-owned bags making up
32% of transactions in 2016 and
33% in 2017
9% 11%
201
6
201
7
9% 7%
201
6
201
7
9% 6%
201
6
201
7
32% 33%
201
6
201
7
HERMÈS
comes in as a new player as it
overtakes Louis Vuitton as the
2nd most sought-after brand in
pre-owned bags making up 14%
and 13% of total pre-owned
transactions in 2016 and 2017
14% 13%
201
6
201
7
Their styles are highly coveted by those who are discerning enough to only choose the best. Yes, these are the top
bags that have garnered the attention in our luxury space based on their total quantity sold in 2017.
Asia Luxury Index 2017 | R E E B O N Z06 The Hottest Bags of 2017
T H E
HOTTEST BAGS of 2017
1.
BALENCIAGA
CLASSIC METALLIC
EDGE MINI CITY
2.
3.
BURBERRY HOUSE
CHECK DERBY LEATHER
MEDIUM BANNER TOTE
4.
BURBERRY HORSEFERRY
CHECK SMALL
CANTERBURY TOTE
5.
BURBERRY HOUSE
CHECK LEATHER SMALL
MACKEN CROSSBODY
6.
FENDI SHOPPING
2JOURS PETITE TOTE
7.
GIVENCHY
SMALL ANTIGONA
8.
FENDI SMALL
BY THE WAY
10.
PRADA CITY CALF
SAFFIANO CAHIER BAG
PRADA SAFFIANO LUX
GALLERIA SHOPPING
BAG 28CM
9.
3.1 PHILLIP LIM
PASHLI MINI SATCHEL
R E E B O N Z | Asia Luxury Index 2017
Items classified under Accessories incude belts, earrings and jewellery.
The Brand Leaders 07
BRAND LEADERS
I N O N L I N E L U X U R Y S H O P P I N G
Pre-Owned
1. Chanel 1. Salvatore
Ferragamo
3. Chanel
2. Christian
Louboutin
2. Hermès
3. Hermès
2. Chanel
3. Cartier
1. Louis
Vuitton
A C C E S S O R I E S S H O E S S M A L L L E AT H E R G O O D S
New
1. Fendi 1. Salvatore
Ferragamo
2. Salvatore
Ferragamo
3. Bottega
Veneta
1. Prada
2. Valentino
Garavani
3. Tory Burch
3. Balenciaga
2. Burberry
A C C E S S O R I E S S H O E S S M A L L L E AT H E R G O O D S
Asia Luxury Index 2017 | R E E B O N Z08 Shoes & Apparel Making a Point
W I T H T H E S H I F T I N L U X U R Y D E M A N D S ,
WHAT'S THE NEXT BET?
With a slowdown in the demand for luxury bags, brands are turning to shoes and
apparels as avenues to increase overall sales, making them strong contenders for growth.
Top Growth By Brand
THE STELLAR PERFORMER
In the overall shoe sector (new and pre-owned), Stella McCartney, Kenzo
and Saint Laurent were the top three brands purchased. Stella McCartney
in particular, saw sales increase by 36% from 2016 to 2017.
Top Growth By Category
THE CASUAL CHAMPION
By overall category, sneakers saw the highest increase from 2016 to 2017.
Making a comeback from the 90s, this was no surprise considering that this
category was recognised as one of the top shoe trend in the luxury landscape.
Top Growth By Category & Country
THE GROWTH CHARTERS
Riding on the sneakers trend, the sales growth between 2016 and 2017,
in Hong Kong and China, with a leap of 48% and 186% respectively.
MAKING A POINT
Top Growth By Brand
BEST OF BURBERRY
In the overall apparels sector (new and pre-owned), Burberry, Gucci
and Kenzo topped the charts. Burberry in particular, saw an
astonishing increase of nine times in sales from 2016 to 2017!
Top Growth By Category
TAKE IT OUTSIDE
Comparing the overall category, outerwear* experienced the highest
increase in sales of four times from 2016 to 2017 followed by t-shirt
and knitwear/sweater that saw sales growing by 51% and 22% respectively.
*Jackets, Trenchcoats, Outercoats
Top Growth By Category & Country
THE GROWTH CHARTERS
In the t-shirt category, growth is seen across all markets from 2016 to 2017, with Hong Kong making a distinct increase of six times from 2016 to 2017.
In the outerwear category, the largest margin of growth was observed in Australia/New Zealand that saw sales catapulting 50 times from 2016 to 2017.
In the knitwear/sweater category, China had the highest sale increase by 17 times from 2016 to 2017.
APPARELS
SECTION2
S E C O N D L I F E
SHOPPERS SEEINGmore value in
Pre-Owned Luxury
Asia Luxury Index 2017 | R E E B O N Z10 The Wardrobe of Millenials
T H E
WARDROBE of MILLENNIALS
Emergence Of A New Breed In The Pre-Owned Category
According to the Luxury Daily, "The entire resale industry is
expected to grow from $18 billion in 2016 to $33 billion by 2021.
This data comes from retail think tank Fung Global Retail &
Technology, which released the "Fashion Re-Commerce Update"
report to dig into exactly how and why this category has been
taking off.
The reason for resale’s meteoric growth can be boiled down to a
few key concepts. For one, demographics can help explain this
phenomenon.
Millennials tend to have less money than their older counterparts
and are the primary drivers of resale sales as they hunt for the
best quality goods at the lowest prices. This is also aided by the
fact that many of them consider digging through resellers to find
the perfect piece a fun activity in itself, leading to even more sales.
We took a survey on millennials across seven countries, to find out
what are some key factors that they consider before making a
pre-owned luxury purchase.
Millennials shared that
they are more inclined to
purchase small leather
goods and shoes in the
pre-owned categories. But,
they are also interested in
apparels.
Millennials are most likely
to purchase pre-owned
luxury products once
every one to three
months.
Chanel is the top
purchased pre-owned
brand, taking up over 30%
of millennials' purchase
decisions, with Balenciaga
and Hermès following
behind. Prada and Gucci
are also pacing up in this
segment.
For most millennial
shoppers, the quality of
material, colour and
resale value of the item
take priority before
purchasing a pre-owned
item.
*Survey results represent individuals aged between 18 to 34 years old across Australia, China, Hong Kong, Indonesia, Malaysia, New Zealand and Singapore.
R E E B O N Z | Asia Luxury Index 2017 A Luxury Shopper’s Closet. What is it Worth? 11
A L U X U R Y S H O P P E R ' S C L O S E T
WHAT is it WORTH?
How many luxury bags do you use regularly? A recent survey conducted across
working professionals showed that a handful of these luxury investments still go unused.
Luxury Bags In The Closet
1 to 5
Total Cost
Up To $7,500
But About
60% ARE UNUSED!
That's An Estimated
Total Resale Value Of
$6,000
Asia Luxury Index 2017 | R E E B O N Z12 The State of Resale
T H E
STATE of RESALE
The idea of wanting luxury pieces that are no longer available in stores or investing in iconic items that have
stood the test of time, has contributed to a 40% sales growth in the pre-owned category at Reebonz. Consumers
looking to gain from their investments in bags like the Hermès Birkin look at the secondary markets where
resale values can run as high as 125% of its original retail price.
For some, the resale market has opened up avenues to buy sought-after brands at easier prices. The shifting
perceptions towards pre-owned luxury have certainly altered the state of resale and how consumers shop today.
We dig deeper and share a concise overview of insights shaping the pre-owned segment at Reebonz.
All values reflected are in Singapore dollars.
*Closets is a standalone C2C mobile app selling platform.
Best selling brands are Chanel,
Hermès and Louis Vuitton
The top brand sold is Chanel
with over $2.6 million in sales!
The best time to list and sell items
is between 9p.m. to 11p.m. SGT
Best days to sell are
Wednesday and Sunday
A purchase on Closets* is
made every 10 minutes
Apparels have the top sales growth
of 13% from 2016 to 2017
The average order value of a
pre-owned timepiece is 5 times
more than a brand new one
Chanel is the top searched brand
with over 11,600 searches from 2016
to 2017
The top seller in Singapore transacted
a total value of over $1.1 million
The top seller in Malaysia transacted
a total value of over $300,000
The top seller in Hong Kong transacted
a total value of close to $290,000
The top seller in Indonesia transacted
a total value of more than half a million
The top 5 established resale brands
sold are Chanel, Hermès, Louis Vuitton,
Prada and Balenciaga
The top 5 breakout resale brands
sold are Fendi, Coach, Tory Burch,
Michael Kors and Longchamp
2.6 mil
R E E B O N Z | Asia Luxury Index 2017 Here Today, Gone Tomorrow 13
H E R M È S L I N D Y
Selling Price: $12,000
Resale Price: $7,000
C É L I N E T R A P E Z E ( S m a l l )
Selling Price: $3,250
Resale Price: $1,800
C H A N E L B O Y ( M e d i u m )
Selling Price: $6,930
Resale Price: $4,800
H E R M È S K E L LY
Selling Price: $15,000
Resale Price: $12,000
H E R M È S O S T R I C H B I R K I N 3 0
Selling Price: $25,981
Resale Price: $28,000
Here today,
GONE
TOMORROW
We take a closer look at the list of pre-owned
luxury pieces which were sold within the day
they were listed on Closets!
Asia Luxury Index 2017 | R E E B O N Z14 Resale In The City
RESALE
in the CITY
We present four of our most influential cities in fashion today and
feature the brands that make it to their top 10 best-seller lists.
TOP TEN
Brands in
Hong Kong/Macau
Hermès
Chanel
Céline
Saint Laurent
Louis Vuitton
Balenciaga
Dior
Prada
Valentino
Gucci
Hong Kong/Macau
TOP TEN
Brands in
Indonesia
Chanel
Louis Vuitton
Hermès
Balenciaga
Gucci
Saint Laurent
Prada
Fendi
Tory Burch
Salvatore Ferragamo
Indonesia
TOP TEN
Brands in
Malaysia
Chanel
Hermès
Louis Vuitton
Dior
Prada
Saint Laurent
Balenciaga
Gucci
Burberry
Coach
Malaysia
TOP TEN
Brands in
Singapore
Hermès
Chanel
Louis Vuitton
Saint Laurent
Prada
Céline
Balenciaga
Gucci
Dior
Salvatore Ferragamo
Singapore
Accessories (include timepieces and jewellery)
R E E B O N Z | Asia Luxury Index 2017 What Consumers Are Buying 15
2
0
1
6
NEW
PRE-OWNED
2
0
1
7
NEW
PRE-OWNED
Bags | Shoes | SmallLeatherGoods | Accessories
W H AT
CONSUMERS are BUYING
W I T H A N E W B R E E D O F S H O P P E R S ,
WHAT ARE THE
Blue Chip Brands? SECTION3
R E E B O N Z | Asia Luxury Index 2017 Taking Stock of Investment-Worthy Brands 17
TA K I N G S T O C K O F
INVESTMENT-WORTHY
BRANDS
Most Valuable Brands & Products
Based on Reebonz sales data in 2016 and 2017. Resale value is derived from products sold within one year in excellent condition with full packaging.
GO-TO PIECES
These bags fetch higher
prices in comparison to
their original retail price.
HERMÈS ETOUPE
TOGO BIRKIN 35
Resale Index:
143% of Retail Price
RELIABLE BETS
These bags hold their
value well despite being a
pre-owned luxury item.
STEADY DEMAND
These bags sell at a less
expensive price but still
attract a good market of
second-hand buyers.
1. HERMÈS TOILE
OFFICIER TAURILLON
CLEMENCE
BIRKIN 35
Resale Index:
140% of Retail Price
2.
CHANEL BOY
(MEDIUM)
Resale Index:
69% of Retail Price
3.
HERMÈS LINDY
Resale Index:
58% of Retail Price
4.
GUCCI SOHO
Resale Index:
56% of Retail Price
5.
CÉLINE TRAPEZE
(SMALL)
Resale Index:
55% of Retail Price
6.
PRADA
SAFFIANO LUX
Resale Index:
53% of Retail Price
7.
DIOR LADY BAG
Resale Index:
46% of Retail Price
8.
SALVATORE
FERRAGAMO
VARA BAG
Resale Index:
46% of Retail Price
9.
LOUIS VUITTON
SPEEDY
Resale Index:
45% of Retail Price
10.
Asia Luxury Index 2017 | R E E B O N Z18 The Unbreakable Birkin
T H E
UNBREAKABLE BIRKIN
Indisputably, it's the holy grail of luxury bags.
Putting aside the common investments of stocks and gold, a study from the Baghunter revealed that the value of Hermès Birkin handbags
has increased by 20 percent since January 2016. This is further substantiated by the increase in purchase for limited edition pieces, rising
up by 20% in recent years.
An affinity for luxury might be thought of as a vice, but it doesn’t always have to be a frivolous splurge. Perhaps, the best compromise is then
to choose luxury that has the best appreciation value, or the brands that are the most coveted.
Fact: In Reebonz, a pre-owned Hermès Etoupe Togo Birkin 35
was sold at a resale value of 143%!
Average Rise in Resale Value for Birkins Since 2017
Based on resale value transacted on Reebonz in 2017
Etoupe Togo
Birkin 35
50%
100%
150%
0%
Toile Officier
Taurillon Clemence
Birkin 35
Ostrich
Birkin 30
Swift
Birkin 25
Orange Poppy
Taurillon Clemence
Birkin 35
Griolet Tadelakt
Birkin 35
Increased
by 43%
Increased
by 40%
Increased
by 25%
Increased
by 21%
Increased
by 13%
Increased
by 12%
R E E B O N Z | Asia Luxury Index 2017 Making The Birkin Investment 19
A N AT O M Y O F A
BIRKIN
TURNLOCK
The turning knob that
hooks the lock
PLAQUE
A metal hardware on each
leather strap (sangle) that
clasps over the turnlock
CLOCHETTE
The leather lanyard and
bell to hold keys
PONTET
Metal brackets on
the bag that hold
the buckle straps firmly
SANGLES
The two leather buckle straps
that help fasten the bag
‘H’ PADLOCK
M A K I N G T H E
BIRKIN INVESTMENT
"With a rich heritage of over 180 years and intricate craftsmanship that is still practiced
by artisans today, Hermès has a legacy which falls under the ultra-luxury range,
apart from the mainstream luxury. That said, during bad economic times,
luxury markets have a tendency to suffer but the ultra-luxury market can
withstand economic factors that affect other industries."
- DANIEL LIM, Co-founder, REEBONZ
$45,000
Resale value of a pre-owned
HERMÈS MATTE FAUVE
BIRKIN FABULOUS 35CM
Price of two Honda Civic cars
in the United States of America
$65,000
Resale value of a pre-owned
HERMÈS BORDEAUX POROSUS
CROCODILE 30CM BIRKIN BAG
PALLADIUM PHW
That's three times the
average salary of a CEO
$29,000
Resale value of a pre-owned
HERMÈS BIRKIN
30 BLUE NUIT
Price of sailing to the Caribbean
luxuriously over 25 times!
$35,000
Resale value of a pre-owned
HERMÈS BIRKIN 30CM
BUBBLEGUM GHW LEATHER
CHEVRE STAMP T
According to a study, you can travel
first class on a top-rated airline twice
(and still have some balance left)!
*All values reflected are in Singapore dollars.
Asia Luxury Index 2017 | R E E B O N Z20 Blue Chip Brands
T O P 3
BLUE CHIP BRANDS
Key facts and figures about the top three luxury brands
and how they perform on Reebonz.
L O U I S V U I T T O N | U S $ 2 9 . 2 B I L L I O N
The increase in the number of
pre-owned Louis Vuitton bags
sold from 2016 to 2017.
1.5x
1
3
2
The approximate cost savings a shopper can gain
from purchasing a pre-owned Louis Vuitton
Speedy (30 cm) bag instead of a brand new piece.
53%
H E R M È S | U S $ 2 3 . 4 B I L L I O N
The increase in the number
of pre-owned Hermès bag
sold from 2016 to 2017.
4x
The increase in demand
for new Hermès bags
from 2016 to 2017.
4x
C H A N E L | U S $ 1 1 B I L L I O N
The increase in the number
of pre-owned Chanel bags
sold from 2016 to 2017.
1.6x
The approximate savings from purchasing
a pre-owned Chanel Boy (Medium)
instead of a brand new piece.
30%
The resale value of an
Hermès Kelly could go
as high as 125% of its
retail price.
125%
Current brand estimated value according to Millward Brown
A search for greater luxury value and experience
As a trusted online luxury platform for buying and selling the widest range of new and pre-owned luxury, Reebonz
has carved a space for catering to the various needs of its luxury consumers. In making the whole shopping experi-
ence credible, easy and seamless, it becomes imperative that authenticity is thoroughly reinforced. Empowered
by the digital landscape and social networks, consumers in the present day are seen as critics and curators of their
own luxury consumption. And with the growing demand of pre-owned luxury,
the focus of authenticity has naturally expanded, especially for ultra-luxury pieces like the Hermès.
“As it is becoming an increasingly lucrative industry, counterfeiters are becoming more in-tune with consumer
demand and employing advanced technology to mask their identity online from law enforcement." cites Helen
Saunders, Head of Intelligence and Operations at INCOPRO, London. As sellers in the resale market are turning
out to be some of the worst offenders, it becomes critical for established online retailers like Reebonz
to champion their authenticity guarantee.
T H E VA L U E of
AUTHENTICITY
R E E B O N Z | Asia Luxury Index 2017 The Value of Authenticity 21
Asia Luxury Index 2017 | R E E B O N Z22 How Does Reebonz Authenticate?
THE REEBONZ DNA
One of the company's unique DNA lies in its in-house capabilities in authentication.
Having a team of internationally-trained ateliers, this allows the brand to
authenticate a range of items from leather products, shoes, accessories, timepieces
and jewellery.
IN-HOUSE CAPABILITIES
Advocating authenticity, Reebonz practices a few principles in ensuring all products
meet the highest standards of quality.
For leather goods, in-house artisans inspect for signature elements and unique
characteristics of each product (eg: logo, colour, hardware, etc). For timepieces, each
item goes through the eyes of skilled watchmakers, undergoing a 7-point check-up
certification. For jewellery (diamonds and gemstones), the atelier will provide an
unbiased analysis, covering the jewel's quality and any internal and external
characteristics it may possess.
Reebonz has also adopted an authentication tool that marks newly arrived products
in its warehouse with an invisible ink-like pen so that the company knows when an
item that’s already gone through Reebonz’s certification process comes back in for
sale. This greatly improves efficiency without compromising the accuracy of
verifying product authentication, supporting the fluid operation of its ecosystem
model.
REINFORCING THE HIGHEST STANDARDS OF QUALITY
Acknowledging the growing sophistication of counterfeiters, Reebonz continues to
build its capabilities in authentication to combat this problem. The key goal is to
provide a trusted environment that safeguards consumers' needs and reassures
them that every purchase made on the site is authentic.
*Reference: Deloitte - Global Powers of Luxury Goods 2017
H O W does R E E B O N Z
AUTHENTICATE
LuxuryTOMORROW
R E E B O N Z | Asia Luxury Index 2017 How Does Reebonz Authenticate? 23
THE FUTURE OF THE
LUXURY STOCK EXCHANGE
Reebonz's founders deconstruct luxury shopping
in the next decade
For Reebonz, maintaining its status as the number one online
luxury retailer in Southeast Asia involves rapid experimentation
and innovation to stay aligned with consumers’ changing luxury
consumption journey.
“Strengthening our authenticity capabilities is but one of the
many factors we work on to build our credibility and reputation
as a trusted online luxury brand. With the proliferation of online
shopping options, consumers are placing their loyalty with
brands that best tailor their experiences to them. We’ve
essentially created a luxury ecosystem that holistically
addresses the needs of today’s luxury consumer. But, this service
needs to be personalised to inject relevancy at the right
moments of their journey with us, distinguishing Reebonz from
the competition,” said Samuel Lim, CEO of Reebonz.
Machine-driven personalisation is a trend the founders of
Reebonz – Samuel Lim, Daniel Lim and Benjamin Han – believe
will take cornerstone in how luxury shopping decisions will be
made. “Products need to appeal at a more visceral level.
Consumers, especially the millenials, are more interested in how
the product relates to their lifestyle. Machine learning presents
this huge opportunity of creating unique experiences that goes
far beyond what the human mind can generate,” said Benjamin
Han, Regional General Manager, Reebonz.
While some may question user-generated content (UGC) as a
passing fad, Reebonz sees this as a continuing trend that will be
focused on in 2018. Seeding content from customers in contex-
tually relevant moments of the browsing experience builds trust
and reassurance. “Getting consumers involved in sharing their
experience with the product and service doesn’t just build
loyalty but it’s also a powerful social proofing tool that helps
shoppers bypass the instinct to go directly for the lowest priced
item. It peels away the uncertainty especially for first time
visitors and adds authenticity to the shopping experience,”
remarked Daniel Lim, Chief Brand Officer, Reebonz.
It is evident that a shopping experience that feels personal and
continues to be driven by the inherently social nature of this
activity takes centre stage in creating value for the modern
luxury consumer. While Reebonz continues to work on the
fundamental elements that cements its approach to delivering
luxury as a service, its founders have their sights firmly rooted on
trends indicative of building deeper relationships with their
consumers.ttt
REEBONZ LIMITED 5 Tampines North Drive 5, Singapore 528548 | TEL (65)6499-9469 | FAX (65)6499-9446 | WEB www.reebonz.com
W W W . R E E B O N Z . C O M
Co. Reg. No: 200909470E

More Related Content

What's hot

Customer Experience at ASOS
Customer Experience at ASOSCustomer Experience at ASOS
Customer Experience at ASOSYelena Starikova
 
LUXURY RETAILING IN INDIA
LUXURY RETAILING IN INDIALUXURY RETAILING IN INDIA
LUXURY RETAILING IN INDIAT HARI KUMAR
 
ASOS Business Report
ASOS Business Report ASOS Business Report
ASOS Business Report AnessaLeng
 
La Rinascente - Fashion Buying
La Rinascente -  Fashion BuyingLa Rinascente -  Fashion Buying
La Rinascente - Fashion BuyingRachael McGowan
 
Business Cafe - The Retail Model of ASOS
Business Cafe - The Retail Model of ASOSBusiness Cafe - The Retail Model of ASOS
Business Cafe - The Retail Model of ASOStutor2u
 
Asos, The Next Online Retail Model?
Asos, The Next Online Retail Model?Asos, The Next Online Retail Model?
Asos, The Next Online Retail Model?Helixa
 
Louis vuitton China: Brand extension, NOlogo, ... KNG Asia
Louis vuitton China: Brand extension, NOlogo, ... KNG AsiaLouis vuitton China: Brand extension, NOlogo, ... KNG Asia
Louis vuitton China: Brand extension, NOlogo, ... KNG AsiaFrederic Derbaudrenghien
 
118681762 cross-road
118681762 cross-road118681762 cross-road
118681762 cross-roadhomeworkping9
 
Bottega Veneta: general overview and new business platform proposal
Bottega Veneta: general overview and new business platform proposalBottega Veneta: general overview and new business platform proposal
Bottega Veneta: general overview and new business platform proposalAlba Romero Villa
 
8Ps Of Luxury Brand Marketing
8Ps Of Luxury Brand Marketing8Ps Of Luxury Brand Marketing
8Ps Of Luxury Brand MarketingRohit Arora
 
Diesel Product Development
Diesel Product DevelopmentDiesel Product Development
Diesel Product DevelopmentKaterina K.azia
 
Luxury Marketing in India
Luxury Marketing in IndiaLuxury Marketing in India
Luxury Marketing in IndiaCharu Rastogi
 
Luxury Retail in India
Luxury Retail in IndiaLuxury Retail in India
Luxury Retail in IndiaAmey Mairal
 

What's hot (20)

Customer Experience at ASOS
Customer Experience at ASOSCustomer Experience at ASOS
Customer Experience at ASOS
 
LUXURY RETAILING IN INDIA
LUXURY RETAILING IN INDIALUXURY RETAILING IN INDIA
LUXURY RETAILING IN INDIA
 
ASOS Business Report
ASOS Business Report ASOS Business Report
ASOS Business Report
 
La Rinascente - Fashion Buying
La Rinascente -  Fashion BuyingLa Rinascente -  Fashion Buying
La Rinascente - Fashion Buying
 
Business Cafe - The Retail Model of ASOS
Business Cafe - The Retail Model of ASOSBusiness Cafe - The Retail Model of ASOS
Business Cafe - The Retail Model of ASOS
 
Asos final
Asos finalAsos final
Asos final
 
10452 concept final
10452 concept final10452 concept final
10452 concept final
 
10452 concept final
10452 concept final10452 concept final
10452 concept final
 
Asos, The Next Online Retail Model?
Asos, The Next Online Retail Model?Asos, The Next Online Retail Model?
Asos, The Next Online Retail Model?
 
The Nature Of Luxury
The Nature Of LuxuryThe Nature Of Luxury
The Nature Of Luxury
 
Louis vuitton
Louis vuittonLouis vuitton
Louis vuitton
 
Louis vuitton China: Brand extension, NOlogo, ... KNG Asia
Louis vuitton China: Brand extension, NOlogo, ... KNG AsiaLouis vuitton China: Brand extension, NOlogo, ... KNG Asia
Louis vuitton China: Brand extension, NOlogo, ... KNG Asia
 
118681762 cross-road
118681762 cross-road118681762 cross-road
118681762 cross-road
 
Bottega Veneta: general overview and new business platform proposal
Bottega Veneta: general overview and new business platform proposalBottega Veneta: general overview and new business platform proposal
Bottega Veneta: general overview and new business platform proposal
 
Marketing research asos_sample
Marketing research asos_sampleMarketing research asos_sample
Marketing research asos_sample
 
8Ps Of Luxury Brand Marketing
8Ps Of Luxury Brand Marketing8Ps Of Luxury Brand Marketing
8Ps Of Luxury Brand Marketing
 
Diesel Product Development
Diesel Product DevelopmentDiesel Product Development
Diesel Product Development
 
Luxury Marketing in India
Luxury Marketing in IndiaLuxury Marketing in India
Luxury Marketing in India
 
Luxury Retail in India
Luxury Retail in IndiaLuxury Retail in India
Luxury Retail in India
 
Ppt selling
Ppt sellingPpt selling
Ppt selling
 

Similar to Reebonz Asia-Luxury-Index

Retail Managment Final
Retail Managment FinalRetail Managment Final
Retail Managment Finalemilybertino
 
Sunglass Hut Business Overview - 2010
Sunglass Hut Business Overview - 2010Sunglass Hut Business Overview - 2010
Sunglass Hut Business Overview - 2010Shiv ognito
 
Luxury Goods Made in China (2012)
Luxury Goods Made in China (2012)Luxury Goods Made in China (2012)
Luxury Goods Made in China (2012)Melih ÖZCANLI
 
Fashion market study 1 1
Fashion market study 1 1Fashion market study 1 1
Fashion market study 1 1vasu_goel
 
Louis Vuitton case study
Louis Vuitton case studyLouis Vuitton case study
Louis Vuitton case studyAlbertoBarbara1
 
Luxury strategies: Vuitton Analysis
Luxury strategies: Vuitton AnalysisLuxury strategies: Vuitton Analysis
Luxury strategies: Vuitton AnalysisVaugier Antoine
 
Luxurypresentation
LuxurypresentationLuxurypresentation
LuxurypresentationPujil Khanna
 
NetBase Brand Passion Report: Luxury Brands 2016
NetBase  Brand Passion Report: Luxury Brands 2016NetBase  Brand Passion Report: Luxury Brands 2016
NetBase Brand Passion Report: Luxury Brands 2016SHAREENA ROMAN GUIAO
 
NetBase_AR_2016LuxuryBrands_2041_v3
NetBase_AR_2016LuxuryBrands_2041_v3NetBase_AR_2016LuxuryBrands_2041_v3
NetBase_AR_2016LuxuryBrands_2041_v3SHAREENA ROMAN GUIAO
 
The Future of Luxury Fashion
The Future of Luxury FashionThe Future of Luxury Fashion
The Future of Luxury FashionVicky Cheng
 
Luxury retailing
Luxury retailingLuxury retailing
Luxury retailingBushra Khan
 
Luxury In Turbulent Times Slideshare
Luxury In Turbulent Times SlideshareLuxury In Turbulent Times Slideshare
Luxury In Turbulent Times Slidesharedeepakohri
 
Changes in luxury shopping behavior among Chinese consumers
Changes in luxury shopping behavior among Chinese consumers Changes in luxury shopping behavior among Chinese consumers
Changes in luxury shopping behavior among Chinese consumers Xie Qing
 
Management of Fashion and Luxury Companies
Management of Fashion and Luxury CompaniesManagement of Fashion and Luxury Companies
Management of Fashion and Luxury Companieskgvsanthosh
 
Gucci louisvuitton vertu_casestudy
Gucci louisvuitton vertu_casestudyGucci louisvuitton vertu_casestudy
Gucci louisvuitton vertu_casestudyFranz Xlvii
 
The HUB - Journal_2015
The HUB - Journal_2015The HUB - Journal_2015
The HUB - Journal_2015Thomas Empson
 
Luxury Retail in Europe
Luxury Retail in EuropeLuxury Retail in Europe
Luxury Retail in EuropeShiv ognito
 
Gabrielle for h&m
Gabrielle for h&mGabrielle for h&m
Gabrielle for h&mAPSOTW
 

Similar to Reebonz Asia-Luxury-Index (20)

LVMH
LVMH LVMH
LVMH
 
Retail Managment Final
Retail Managment FinalRetail Managment Final
Retail Managment Final
 
Sunglass Hut Business Overview - 2010
Sunglass Hut Business Overview - 2010Sunglass Hut Business Overview - 2010
Sunglass Hut Business Overview - 2010
 
Luxury Goods Made in China (2012)
Luxury Goods Made in China (2012)Luxury Goods Made in China (2012)
Luxury Goods Made in China (2012)
 
Fashion market study 1 1
Fashion market study 1 1Fashion market study 1 1
Fashion market study 1 1
 
Louis Vuitton case study
Louis Vuitton case studyLouis Vuitton case study
Louis Vuitton case study
 
Luxury strategies: Vuitton Analysis
Luxury strategies: Vuitton AnalysisLuxury strategies: Vuitton Analysis
Luxury strategies: Vuitton Analysis
 
Luxurypresentation
LuxurypresentationLuxurypresentation
Luxurypresentation
 
NetBase Brand Passion Report: Luxury Brands 2016
NetBase  Brand Passion Report: Luxury Brands 2016NetBase  Brand Passion Report: Luxury Brands 2016
NetBase Brand Passion Report: Luxury Brands 2016
 
NetBase_AR_2016LuxuryBrands_2041_v3
NetBase_AR_2016LuxuryBrands_2041_v3NetBase_AR_2016LuxuryBrands_2041_v3
NetBase_AR_2016LuxuryBrands_2041_v3
 
The Future of Luxury Fashion
The Future of Luxury FashionThe Future of Luxury Fashion
The Future of Luxury Fashion
 
Luxury retailing
Luxury retailingLuxury retailing
Luxury retailing
 
Luxury In Turbulent Times Slideshare
Luxury In Turbulent Times SlideshareLuxury In Turbulent Times Slideshare
Luxury In Turbulent Times Slideshare
 
Changes in luxury shopping behavior among Chinese consumers
Changes in luxury shopping behavior among Chinese consumers Changes in luxury shopping behavior among Chinese consumers
Changes in luxury shopping behavior among Chinese consumers
 
Management of Fashion and Luxury Companies
Management of Fashion and Luxury CompaniesManagement of Fashion and Luxury Companies
Management of Fashion and Luxury Companies
 
Gucci louisvuitton vertu_casestudy
Gucci louisvuitton vertu_casestudyGucci louisvuitton vertu_casestudy
Gucci louisvuitton vertu_casestudy
 
The HUB - Journal_2015
The HUB - Journal_2015The HUB - Journal_2015
The HUB - Journal_2015
 
Luxury Retail in Europe
Luxury Retail in EuropeLuxury Retail in Europe
Luxury Retail in Europe
 
High end departmental stores
High end departmental storesHigh end departmental stores
High end departmental stores
 
Gabrielle for h&m
Gabrielle for h&mGabrielle for h&m
Gabrielle for h&m
 

Recently uploaded

Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...noida100girls
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesDipal Arora
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insightsseri bangash
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdftbatkhuu1
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfOnline Income Engine
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Roomdivyansh0kumar0
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaShree Krishna Exports
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 

Recently uploaded (20)

Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insights
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdf
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdf
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in India
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Nepali Escort Girl Kakori \ 9548273370 Indian Call Girls Service Lucknow ₹,9517
Nepali Escort Girl Kakori \ 9548273370 Indian Call Girls Service Lucknow ₹,9517Nepali Escort Girl Kakori \ 9548273370 Indian Call Girls Service Lucknow ₹,9517
Nepali Escort Girl Kakori \ 9548273370 Indian Call Girls Service Lucknow ₹,9517
 

Reebonz Asia-Luxury-Index

  • 1.
  • 2.
  • 3. In this REPORT R E E B O N Z | Asia Luxury Index 2017 THE LUXURY STOCK EXCHANGE INSIDE THE WORLD OF LUXURY Dictated by the power of our consumers, we take a closer look on the brands that are shaping the changing luxury sphere. BAGS LEAD THE LUXURY STOCK EXCHANGE New or pre-owned? We take a closer look at the top brands in each segment and their chartered growth. HOTTEST BAGS OF 2017 Their styles are highly coveted by those discerning enough to choose the best. BRAND LEADERS The reigning brands in online luxury shopping. SHOES & APPARELS MAKING A POINT With a slowdown in the demand for luxury bags, brands are turning to shoes and apparels as avenues to increase overall sales. SECOND LIFE: SHOPPERS SEEING MORE VALUE IN PRE-OWNED LUXURY THE WARDROBE OF MILLENNIALS Emergence of a new breed of shoppers in the pre-owned sector and key factors they consider before making a luxury purchase. THE STATE OF RESALE A concise overview at what's happening in the resale segment and the effect it's having on shopper behavior. HERE TODAY, GONE TOMORROW In a jiffy, these pre-owned luxury pieces were sold as soon as they were listed on Closets! RESALE IN THE CITY We take a look at four of our most influential cities in fashion today and see how they thrive in the pre-owned categories. WITH A NEW BREED OF SHOPPERS, WHAT ARE THE BLUE CHIP BRANDS? TAKING STOCK OF INVESTMENT-WORTHY BRANDS The parameters of luxury are changing. Brands with niche followings are sharing space with big names in the luxury portfolio. THE UNBREAKABLE BIRKIN Indisputably, it's the holy grail of luxury bags. We take a closer look at why a Birkin is worth the investment. TOP 3 VALUABLE BRANDS Taking stock of the most valuable brands and products. THE VALUE OF AUTHENCITY A search for greater luxury value and experience. LUXURY TOMORROW THE FUTURE OF THE LUXURY STOCK EXCHANGE Reebonz's founders deconstruct luxury shopping in the next decade. Cover 01
  • 4. In the second edition of our Asia Luxury Index, we’ve observed interesting shifts in the luxury landscape that stems from several factors within the socio-economic fabric of our environment. Reebonz first started out as a flash sales site in 2009 when brands and retailers were seeking avenues to liquidate stocks post the financial crisis. Fast forward eight years, the brand has evolved into a luxury ecosystem that makes buying and selling the widest range of new and pre-owned luxury accessible to consumers globally. From featuring international luxury fashion boutiques on our Marketplace platform to connecting individual sellers and buyers through our do-it-yourself Closets selling mobile applica- tion, Reebonz has continued to evolve alongside our consumers and their changing luxury consumption habits. 2017 brought with it new challenges and opportunities that were rightfully seized. The emergence of the millennial luxury shopper, tilted the scales in favour of a growing pre-owned luxury market that opened up access to classic favourites and unique finds at accessible prices. We share insights shaping the pre-owned market from the most established resale brands to the highest returns earned reselling on our platforms. Shoes continued to chip away to emerge amongst the top three sector leaders in the luxury stock exchange. Sneakers dominated the highest sales growth within the shoe sector with Hong Kong contributing the most increase in overall transactions. Luxury brands, Hermès, Louis Vuitton and Chanel, that lever- age heritage dominated as the industry’s most valuable brands. We take a closer look at Hermès’s unflinching performance in its resale values further attesting its high perceived value regardless of prior ownership. Drawing on key insights derived from Reebonz’s latest sales data across Australia, China, Hong Kong, Indonesia, Malaysia and Singapore, we frame our perspectives on where the online luxury sector stands in the ecosystem of luxury today. SAMUEL LIM, CEO DANIEL LIM and BENJAMIN HAN Co-Founders Asia Luxury Index 2017 | R E E B O N Z02 Note From The Founders NOTE from the founders
  • 6. I N S I D E T H E WORLD of LUXURY Dictated by the power of our consumers, we take a closer look at the brands that are shaping the changing luxury sphere. With swift developing luxury trends, there is an evident growth of emerging sectors such as timepieces and accessories among luxury consumers in Asia. With predictable players such as Prada, Balenciaga and Salvatore Ferragamo soaring in general sectors, Bottega Veneta and Fendi emerged favourites in the accessories category. For timepieces, Rolex and Franck Muller stay firmly rooted in their top positions. In the pre-owned categories, powerhouse brands Hermès and Chanel dominated in most sectors while Salvatore Ferragamo led in shoes, with Rolex and Cartier leading in timepieces Items classified under Accessories include eyewear, belts and jewellery. MALAYSIA INDONESIA NEW Bags: Saint Laurent, Prada, Givenchy Small Leather Goods: Prada, Salvatore Ferragamo, Burberry Shoes: Valentino Garavani, Salvatore Ferragamo, Tod’s Accessories: Burberry, Alexandra McQueen, Fendi Timepieces: Daniel Wellington, Chopard, Thomas Earnshaw PRE-OWNED Bags: Chanel, Louis Vuitton, Prada Small Leather Goods: Louis Vuitton, Chanel, Prada Shoes: Christian Louboutin, Chanel, Salvatore Ferragamo Accessories: Chanel, Hermès, Tiffany & Co. NEW Bags: Saint Laurent, Balenciaga, Givenchy Small Leather Goods: Prada, Bottega Veneta, Miu Miu Shoes: Valentino Garavani, Salvatore Ferragamo, Tod’s Accessories: Fendi, Burberry, Bottega Veneta Timepieces: Rolex, Frank Muller, Panerai PRE-OWNED Bags: Chanel, Hermès, Céline Small Leather Goods: Chanel, Hermès, Louis Vuitton Shoes: Salvatore Ferragamo, Chanel, Roger Vivier Accessories: Chanel, Cartier, Hermès Timepieces: Rolex, Cartier, Omega NEW Bags: Fendi, Burbery, Prada Small Leather Goods: Balenciaga, Givenchy, Prada Shoes: Valentino Garavani, Salvatore Ferragamo, Tod’s Accessories: Burberry, Fendi, Alexander McQueen PRE-OWNED Bags: Louis Vuitton, Chanel, Salvatore Ferragamo Small Leather Goods: Miu Miu Shoes: Hermès Accessories: Chanel, Gucci, Tiffany & Co. NEW Bags: Balenciaga, Fendi, Givenchy Small Leather Goods: Balenciaga, Salvatore Ferragamo, Prada Shoes: Tory Burch, Saint Laurent, Salvatore Ferragamo . Accessories: Balenciaga, Bottega Veneta, Burberry Timepieces: Daniel Wellington, Rolex, Chopard PRE-OWNED Bags: Chanel, Louis Vuitton, Prada Small Leather Goods: Louis Vuitton, Chanel, Gucci Shoes: Salvatore Ferragamo, Christian Louboutin, Prada Accessories: Chanel, Hermès, Bvlgari Timepieces: Rolex, Hermès, Omega NEW Bags: Prada, Balenciaga, Fendi Small Leather Goods: Prada, Bottega Veneta, Salvatore Ferragamo Shoes: Salvatore Ferragamo, Valentino Garavani, Tory Burch Accessories: Fendi, Burberry, Bottega Veneta Timepieces: Frank Muller, Daniel Wellington, Locman PRE-OWNED Bags: Chanel, Louis Vuitton, Prada Small Leather Goods: Hermès, Louis Vuitton, Prada Shoes: Chanel, Salvatore Ferragamo, Christian Louboutin Accessories: Hermès, Bvlgari, Chanel Timepieces: Rolex, Cartier, Omega HONG KONG/ MACAU Australia/New Zealand CHINA SINGAPORE NEW Bags: Balenciaga, Prada, Saint Laurent Small Leather Goods: Prada, Salvatore Ferragamo, Bottega Veneta Shoes: Salvatore Ferragamo, Valentino Garavani, Tory Burch Accessories: Balenciaga, Fendi, Bottega Veneta Timepieces: Frank Muller, Rolex, Daniel Wellington PRE-OWNED Bags: Chanel, Louis Vuitton, Hermès Small Leather Goods: Louis Vuitton, Chanel, Hermès Shoes: Salvatore Ferragamo, Christian Louboutin, Chanel Accessories: Chanel, Hermès, Bvlgari Timepieces: Rolex, Cartier, Omega Asia Luxury Index 2017 | R E E B O N Z04 Inside The World of Luxury
  • 7. LOUIS VUITTON fell to the third place in the pre-owned bags category although the total number of transactions increased from 8% to 13% between 2016 and 2017 8% 13% 201 6 201 7 R E E B O N Z | Asia Luxury Index 2017 Bags Lead The Luxury Stock Exchange 05 3x New bags are 3x more popular than small leather goods (2015 - 2017) 6in10Every 6 in 10 orders are for a bag in 2016 and 2017. 12x Pre-owned bags are 12x more popular than jewellery from 2015 to 2017. 77% Bags make up an average of 77% of total transactions in 2016 and 2017, across new and pre-owned categories. NEW BAGS PRE-OWNED BAGS BALENCIAGA represented 9% and 10% of new bag transactions in 2016 and 2017. PRADA stayed the same and remains second in place making up 9% and 7% of new bags sold in 2016 and 2017 SAINT LAURENT remains the third best selling brand, making up 9% and 6% of new bags sold in 2016 and 2017. CHANEL continues to be the top brand for pre-owned bags making up 32% of transactions in 2016 and 33% in 2017 9% 11% 201 6 201 7 9% 7% 201 6 201 7 9% 6% 201 6 201 7 32% 33% 201 6 201 7 HERMÈS comes in as a new player as it overtakes Louis Vuitton as the 2nd most sought-after brand in pre-owned bags making up 14% and 13% of total pre-owned transactions in 2016 and 2017 14% 13% 201 6 201 7
  • 8. Their styles are highly coveted by those who are discerning enough to only choose the best. Yes, these are the top bags that have garnered the attention in our luxury space based on their total quantity sold in 2017. Asia Luxury Index 2017 | R E E B O N Z06 The Hottest Bags of 2017 T H E HOTTEST BAGS of 2017 1. BALENCIAGA CLASSIC METALLIC EDGE MINI CITY 2. 3. BURBERRY HOUSE CHECK DERBY LEATHER MEDIUM BANNER TOTE 4. BURBERRY HORSEFERRY CHECK SMALL CANTERBURY TOTE 5. BURBERRY HOUSE CHECK LEATHER SMALL MACKEN CROSSBODY 6. FENDI SHOPPING 2JOURS PETITE TOTE 7. GIVENCHY SMALL ANTIGONA 8. FENDI SMALL BY THE WAY 10. PRADA CITY CALF SAFFIANO CAHIER BAG PRADA SAFFIANO LUX GALLERIA SHOPPING BAG 28CM 9. 3.1 PHILLIP LIM PASHLI MINI SATCHEL
  • 9. R E E B O N Z | Asia Luxury Index 2017 Items classified under Accessories incude belts, earrings and jewellery. The Brand Leaders 07 BRAND LEADERS I N O N L I N E L U X U R Y S H O P P I N G Pre-Owned 1. Chanel 1. Salvatore Ferragamo 3. Chanel 2. Christian Louboutin 2. Hermès 3. Hermès 2. Chanel 3. Cartier 1. Louis Vuitton A C C E S S O R I E S S H O E S S M A L L L E AT H E R G O O D S New 1. Fendi 1. Salvatore Ferragamo 2. Salvatore Ferragamo 3. Bottega Veneta 1. Prada 2. Valentino Garavani 3. Tory Burch 3. Balenciaga 2. Burberry A C C E S S O R I E S S H O E S S M A L L L E AT H E R G O O D S
  • 10. Asia Luxury Index 2017 | R E E B O N Z08 Shoes & Apparel Making a Point W I T H T H E S H I F T I N L U X U R Y D E M A N D S , WHAT'S THE NEXT BET? With a slowdown in the demand for luxury bags, brands are turning to shoes and apparels as avenues to increase overall sales, making them strong contenders for growth. Top Growth By Brand THE STELLAR PERFORMER In the overall shoe sector (new and pre-owned), Stella McCartney, Kenzo and Saint Laurent were the top three brands purchased. Stella McCartney in particular, saw sales increase by 36% from 2016 to 2017. Top Growth By Category THE CASUAL CHAMPION By overall category, sneakers saw the highest increase from 2016 to 2017. Making a comeback from the 90s, this was no surprise considering that this category was recognised as one of the top shoe trend in the luxury landscape. Top Growth By Category & Country THE GROWTH CHARTERS Riding on the sneakers trend, the sales growth between 2016 and 2017, in Hong Kong and China, with a leap of 48% and 186% respectively. MAKING A POINT Top Growth By Brand BEST OF BURBERRY In the overall apparels sector (new and pre-owned), Burberry, Gucci and Kenzo topped the charts. Burberry in particular, saw an astonishing increase of nine times in sales from 2016 to 2017! Top Growth By Category TAKE IT OUTSIDE Comparing the overall category, outerwear* experienced the highest increase in sales of four times from 2016 to 2017 followed by t-shirt and knitwear/sweater that saw sales growing by 51% and 22% respectively. *Jackets, Trenchcoats, Outercoats Top Growth By Category & Country THE GROWTH CHARTERS In the t-shirt category, growth is seen across all markets from 2016 to 2017, with Hong Kong making a distinct increase of six times from 2016 to 2017. In the outerwear category, the largest margin of growth was observed in Australia/New Zealand that saw sales catapulting 50 times from 2016 to 2017. In the knitwear/sweater category, China had the highest sale increase by 17 times from 2016 to 2017. APPARELS
  • 11. SECTION2 S E C O N D L I F E SHOPPERS SEEINGmore value in Pre-Owned Luxury
  • 12. Asia Luxury Index 2017 | R E E B O N Z10 The Wardrobe of Millenials T H E WARDROBE of MILLENNIALS Emergence Of A New Breed In The Pre-Owned Category According to the Luxury Daily, "The entire resale industry is expected to grow from $18 billion in 2016 to $33 billion by 2021. This data comes from retail think tank Fung Global Retail & Technology, which released the "Fashion Re-Commerce Update" report to dig into exactly how and why this category has been taking off. The reason for resale’s meteoric growth can be boiled down to a few key concepts. For one, demographics can help explain this phenomenon. Millennials tend to have less money than their older counterparts and are the primary drivers of resale sales as they hunt for the best quality goods at the lowest prices. This is also aided by the fact that many of them consider digging through resellers to find the perfect piece a fun activity in itself, leading to even more sales. We took a survey on millennials across seven countries, to find out what are some key factors that they consider before making a pre-owned luxury purchase. Millennials shared that they are more inclined to purchase small leather goods and shoes in the pre-owned categories. But, they are also interested in apparels. Millennials are most likely to purchase pre-owned luxury products once every one to three months. Chanel is the top purchased pre-owned brand, taking up over 30% of millennials' purchase decisions, with Balenciaga and Hermès following behind. Prada and Gucci are also pacing up in this segment. For most millennial shoppers, the quality of material, colour and resale value of the item take priority before purchasing a pre-owned item. *Survey results represent individuals aged between 18 to 34 years old across Australia, China, Hong Kong, Indonesia, Malaysia, New Zealand and Singapore.
  • 13. R E E B O N Z | Asia Luxury Index 2017 A Luxury Shopper’s Closet. What is it Worth? 11 A L U X U R Y S H O P P E R ' S C L O S E T WHAT is it WORTH? How many luxury bags do you use regularly? A recent survey conducted across working professionals showed that a handful of these luxury investments still go unused. Luxury Bags In The Closet 1 to 5 Total Cost Up To $7,500 But About 60% ARE UNUSED! That's An Estimated Total Resale Value Of $6,000
  • 14. Asia Luxury Index 2017 | R E E B O N Z12 The State of Resale T H E STATE of RESALE The idea of wanting luxury pieces that are no longer available in stores or investing in iconic items that have stood the test of time, has contributed to a 40% sales growth in the pre-owned category at Reebonz. Consumers looking to gain from their investments in bags like the Hermès Birkin look at the secondary markets where resale values can run as high as 125% of its original retail price. For some, the resale market has opened up avenues to buy sought-after brands at easier prices. The shifting perceptions towards pre-owned luxury have certainly altered the state of resale and how consumers shop today. We dig deeper and share a concise overview of insights shaping the pre-owned segment at Reebonz. All values reflected are in Singapore dollars. *Closets is a standalone C2C mobile app selling platform. Best selling brands are Chanel, Hermès and Louis Vuitton The top brand sold is Chanel with over $2.6 million in sales! The best time to list and sell items is between 9p.m. to 11p.m. SGT Best days to sell are Wednesday and Sunday A purchase on Closets* is made every 10 minutes Apparels have the top sales growth of 13% from 2016 to 2017 The average order value of a pre-owned timepiece is 5 times more than a brand new one Chanel is the top searched brand with over 11,600 searches from 2016 to 2017 The top seller in Singapore transacted a total value of over $1.1 million The top seller in Malaysia transacted a total value of over $300,000 The top seller in Hong Kong transacted a total value of close to $290,000 The top seller in Indonesia transacted a total value of more than half a million The top 5 established resale brands sold are Chanel, Hermès, Louis Vuitton, Prada and Balenciaga The top 5 breakout resale brands sold are Fendi, Coach, Tory Burch, Michael Kors and Longchamp 2.6 mil
  • 15. R E E B O N Z | Asia Luxury Index 2017 Here Today, Gone Tomorrow 13 H E R M È S L I N D Y Selling Price: $12,000 Resale Price: $7,000 C É L I N E T R A P E Z E ( S m a l l ) Selling Price: $3,250 Resale Price: $1,800 C H A N E L B O Y ( M e d i u m ) Selling Price: $6,930 Resale Price: $4,800 H E R M È S K E L LY Selling Price: $15,000 Resale Price: $12,000 H E R M È S O S T R I C H B I R K I N 3 0 Selling Price: $25,981 Resale Price: $28,000 Here today, GONE TOMORROW We take a closer look at the list of pre-owned luxury pieces which were sold within the day they were listed on Closets!
  • 16. Asia Luxury Index 2017 | R E E B O N Z14 Resale In The City RESALE in the CITY We present four of our most influential cities in fashion today and feature the brands that make it to their top 10 best-seller lists. TOP TEN Brands in Hong Kong/Macau Hermès Chanel Céline Saint Laurent Louis Vuitton Balenciaga Dior Prada Valentino Gucci Hong Kong/Macau TOP TEN Brands in Indonesia Chanel Louis Vuitton Hermès Balenciaga Gucci Saint Laurent Prada Fendi Tory Burch Salvatore Ferragamo Indonesia TOP TEN Brands in Malaysia Chanel Hermès Louis Vuitton Dior Prada Saint Laurent Balenciaga Gucci Burberry Coach Malaysia TOP TEN Brands in Singapore Hermès Chanel Louis Vuitton Saint Laurent Prada Céline Balenciaga Gucci Dior Salvatore Ferragamo Singapore
  • 17. Accessories (include timepieces and jewellery) R E E B O N Z | Asia Luxury Index 2017 What Consumers Are Buying 15 2 0 1 6 NEW PRE-OWNED 2 0 1 7 NEW PRE-OWNED Bags | Shoes | SmallLeatherGoods | Accessories W H AT CONSUMERS are BUYING
  • 18. W I T H A N E W B R E E D O F S H O P P E R S , WHAT ARE THE Blue Chip Brands? SECTION3
  • 19. R E E B O N Z | Asia Luxury Index 2017 Taking Stock of Investment-Worthy Brands 17 TA K I N G S T O C K O F INVESTMENT-WORTHY BRANDS Most Valuable Brands & Products Based on Reebonz sales data in 2016 and 2017. Resale value is derived from products sold within one year in excellent condition with full packaging. GO-TO PIECES These bags fetch higher prices in comparison to their original retail price. HERMÈS ETOUPE TOGO BIRKIN 35 Resale Index: 143% of Retail Price RELIABLE BETS These bags hold their value well despite being a pre-owned luxury item. STEADY DEMAND These bags sell at a less expensive price but still attract a good market of second-hand buyers. 1. HERMÈS TOILE OFFICIER TAURILLON CLEMENCE BIRKIN 35 Resale Index: 140% of Retail Price 2. CHANEL BOY (MEDIUM) Resale Index: 69% of Retail Price 3. HERMÈS LINDY Resale Index: 58% of Retail Price 4. GUCCI SOHO Resale Index: 56% of Retail Price 5. CÉLINE TRAPEZE (SMALL) Resale Index: 55% of Retail Price 6. PRADA SAFFIANO LUX Resale Index: 53% of Retail Price 7. DIOR LADY BAG Resale Index: 46% of Retail Price 8. SALVATORE FERRAGAMO VARA BAG Resale Index: 46% of Retail Price 9. LOUIS VUITTON SPEEDY Resale Index: 45% of Retail Price 10.
  • 20. Asia Luxury Index 2017 | R E E B O N Z18 The Unbreakable Birkin T H E UNBREAKABLE BIRKIN Indisputably, it's the holy grail of luxury bags. Putting aside the common investments of stocks and gold, a study from the Baghunter revealed that the value of Hermès Birkin handbags has increased by 20 percent since January 2016. This is further substantiated by the increase in purchase for limited edition pieces, rising up by 20% in recent years. An affinity for luxury might be thought of as a vice, but it doesn’t always have to be a frivolous splurge. Perhaps, the best compromise is then to choose luxury that has the best appreciation value, or the brands that are the most coveted. Fact: In Reebonz, a pre-owned Hermès Etoupe Togo Birkin 35 was sold at a resale value of 143%! Average Rise in Resale Value for Birkins Since 2017 Based on resale value transacted on Reebonz in 2017 Etoupe Togo Birkin 35 50% 100% 150% 0% Toile Officier Taurillon Clemence Birkin 35 Ostrich Birkin 30 Swift Birkin 25 Orange Poppy Taurillon Clemence Birkin 35 Griolet Tadelakt Birkin 35 Increased by 43% Increased by 40% Increased by 25% Increased by 21% Increased by 13% Increased by 12%
  • 21. R E E B O N Z | Asia Luxury Index 2017 Making The Birkin Investment 19 A N AT O M Y O F A BIRKIN TURNLOCK The turning knob that hooks the lock PLAQUE A metal hardware on each leather strap (sangle) that clasps over the turnlock CLOCHETTE The leather lanyard and bell to hold keys PONTET Metal brackets on the bag that hold the buckle straps firmly SANGLES The two leather buckle straps that help fasten the bag ‘H’ PADLOCK M A K I N G T H E BIRKIN INVESTMENT "With a rich heritage of over 180 years and intricate craftsmanship that is still practiced by artisans today, Hermès has a legacy which falls under the ultra-luxury range, apart from the mainstream luxury. That said, during bad economic times, luxury markets have a tendency to suffer but the ultra-luxury market can withstand economic factors that affect other industries." - DANIEL LIM, Co-founder, REEBONZ $45,000 Resale value of a pre-owned HERMÈS MATTE FAUVE BIRKIN FABULOUS 35CM Price of two Honda Civic cars in the United States of America $65,000 Resale value of a pre-owned HERMÈS BORDEAUX POROSUS CROCODILE 30CM BIRKIN BAG PALLADIUM PHW That's three times the average salary of a CEO $29,000 Resale value of a pre-owned HERMÈS BIRKIN 30 BLUE NUIT Price of sailing to the Caribbean luxuriously over 25 times! $35,000 Resale value of a pre-owned HERMÈS BIRKIN 30CM BUBBLEGUM GHW LEATHER CHEVRE STAMP T According to a study, you can travel first class on a top-rated airline twice (and still have some balance left)! *All values reflected are in Singapore dollars.
  • 22. Asia Luxury Index 2017 | R E E B O N Z20 Blue Chip Brands T O P 3 BLUE CHIP BRANDS Key facts and figures about the top three luxury brands and how they perform on Reebonz. L O U I S V U I T T O N | U S $ 2 9 . 2 B I L L I O N The increase in the number of pre-owned Louis Vuitton bags sold from 2016 to 2017. 1.5x 1 3 2 The approximate cost savings a shopper can gain from purchasing a pre-owned Louis Vuitton Speedy (30 cm) bag instead of a brand new piece. 53% H E R M È S | U S $ 2 3 . 4 B I L L I O N The increase in the number of pre-owned Hermès bag sold from 2016 to 2017. 4x The increase in demand for new Hermès bags from 2016 to 2017. 4x C H A N E L | U S $ 1 1 B I L L I O N The increase in the number of pre-owned Chanel bags sold from 2016 to 2017. 1.6x The approximate savings from purchasing a pre-owned Chanel Boy (Medium) instead of a brand new piece. 30% The resale value of an Hermès Kelly could go as high as 125% of its retail price. 125% Current brand estimated value according to Millward Brown
  • 23. A search for greater luxury value and experience As a trusted online luxury platform for buying and selling the widest range of new and pre-owned luxury, Reebonz has carved a space for catering to the various needs of its luxury consumers. In making the whole shopping experi- ence credible, easy and seamless, it becomes imperative that authenticity is thoroughly reinforced. Empowered by the digital landscape and social networks, consumers in the present day are seen as critics and curators of their own luxury consumption. And with the growing demand of pre-owned luxury, the focus of authenticity has naturally expanded, especially for ultra-luxury pieces like the Hermès. “As it is becoming an increasingly lucrative industry, counterfeiters are becoming more in-tune with consumer demand and employing advanced technology to mask their identity online from law enforcement." cites Helen Saunders, Head of Intelligence and Operations at INCOPRO, London. As sellers in the resale market are turning out to be some of the worst offenders, it becomes critical for established online retailers like Reebonz to champion their authenticity guarantee. T H E VA L U E of AUTHENTICITY R E E B O N Z | Asia Luxury Index 2017 The Value of Authenticity 21
  • 24. Asia Luxury Index 2017 | R E E B O N Z22 How Does Reebonz Authenticate? THE REEBONZ DNA One of the company's unique DNA lies in its in-house capabilities in authentication. Having a team of internationally-trained ateliers, this allows the brand to authenticate a range of items from leather products, shoes, accessories, timepieces and jewellery. IN-HOUSE CAPABILITIES Advocating authenticity, Reebonz practices a few principles in ensuring all products meet the highest standards of quality. For leather goods, in-house artisans inspect for signature elements and unique characteristics of each product (eg: logo, colour, hardware, etc). For timepieces, each item goes through the eyes of skilled watchmakers, undergoing a 7-point check-up certification. For jewellery (diamonds and gemstones), the atelier will provide an unbiased analysis, covering the jewel's quality and any internal and external characteristics it may possess. Reebonz has also adopted an authentication tool that marks newly arrived products in its warehouse with an invisible ink-like pen so that the company knows when an item that’s already gone through Reebonz’s certification process comes back in for sale. This greatly improves efficiency without compromising the accuracy of verifying product authentication, supporting the fluid operation of its ecosystem model. REINFORCING THE HIGHEST STANDARDS OF QUALITY Acknowledging the growing sophistication of counterfeiters, Reebonz continues to build its capabilities in authentication to combat this problem. The key goal is to provide a trusted environment that safeguards consumers' needs and reassures them that every purchase made on the site is authentic. *Reference: Deloitte - Global Powers of Luxury Goods 2017 H O W does R E E B O N Z AUTHENTICATE
  • 25. LuxuryTOMORROW R E E B O N Z | Asia Luxury Index 2017 How Does Reebonz Authenticate? 23 THE FUTURE OF THE LUXURY STOCK EXCHANGE Reebonz's founders deconstruct luxury shopping in the next decade For Reebonz, maintaining its status as the number one online luxury retailer in Southeast Asia involves rapid experimentation and innovation to stay aligned with consumers’ changing luxury consumption journey. “Strengthening our authenticity capabilities is but one of the many factors we work on to build our credibility and reputation as a trusted online luxury brand. With the proliferation of online shopping options, consumers are placing their loyalty with brands that best tailor their experiences to them. We’ve essentially created a luxury ecosystem that holistically addresses the needs of today’s luxury consumer. But, this service needs to be personalised to inject relevancy at the right moments of their journey with us, distinguishing Reebonz from the competition,” said Samuel Lim, CEO of Reebonz. Machine-driven personalisation is a trend the founders of Reebonz – Samuel Lim, Daniel Lim and Benjamin Han – believe will take cornerstone in how luxury shopping decisions will be made. “Products need to appeal at a more visceral level. Consumers, especially the millenials, are more interested in how the product relates to their lifestyle. Machine learning presents this huge opportunity of creating unique experiences that goes far beyond what the human mind can generate,” said Benjamin Han, Regional General Manager, Reebonz. While some may question user-generated content (UGC) as a passing fad, Reebonz sees this as a continuing trend that will be focused on in 2018. Seeding content from customers in contex- tually relevant moments of the browsing experience builds trust and reassurance. “Getting consumers involved in sharing their experience with the product and service doesn’t just build loyalty but it’s also a powerful social proofing tool that helps shoppers bypass the instinct to go directly for the lowest priced item. It peels away the uncertainty especially for first time visitors and adds authenticity to the shopping experience,” remarked Daniel Lim, Chief Brand Officer, Reebonz. It is evident that a shopping experience that feels personal and continues to be driven by the inherently social nature of this activity takes centre stage in creating value for the modern luxury consumer. While Reebonz continues to work on the fundamental elements that cements its approach to delivering luxury as a service, its founders have their sights firmly rooted on trends indicative of building deeper relationships with their consumers.ttt
  • 26.
  • 27.
  • 28. REEBONZ LIMITED 5 Tampines North Drive 5, Singapore 528548 | TEL (65)6499-9469 | FAX (65)6499-9446 | WEB www.reebonz.com W W W . R E E B O N Z . C O M Co. Reg. No: 200909470E