Resale Prices Are All Over the Place. Here’s Why That’s a Problem.

If you’re searching for a good deal on a secondhand Chanel classic flap in black, prepare to be confused.

On Vestiaire Collective alone, you can find the bag in “good condition” from $1,980 – $11,300. Similarly broad ranges can be seen on other platforms and resale apps.

“It’s all not very logical,” said Hanushka Toni, founder of boutique luxury reseller Sellier.

The explosion of online secondhand sites has made it possible for anyone to put their castoffs up for sale. But for…