The RealReal released its 2022 Luxury Consignment Report today, showcasing the current state of the luxury resale market. In addition to illustrating the growth of some of the most hyped brands today, the report discusses increasing generational participation in circular shopping.
The 2022 report showcases year-over-year data, comparing January to November of 2020 and 2021. Overall, the report notes that more people are entering the luxury consignment market, citing the growth of participants from each generation including the silent generation, baby boomers, Generation X, millennials and Generation Z. Among the five generations, goals for consigning range from acquiring more of what they desire with Generation Z to reinvesting in their wardrobe with millennials.
According to the report,