Many have taken that message to heart and the market for second-hand luxury goods is booming as a result. Mitsuko Iwama, a 71-year-old housewife, is a case in point. Buysell Technologies Co Ltd, the company used by Iwama which collects goods from people's homes and resells them through online stores and at old-style in-person auctions, has been one of the biggest beneficiaries of pandemic-induced tidying. Visits to people's homes surged 31% to 20,990 in October from a year ago, the company said, adding that three quarters of its customers are in their 50s or older, selling kimonos, luxury handbags and jewellery. Similarly, Mercari Inc, which operates a popular flea market app, reported a 52% jump in sales for its July-September quarter compared with the same period a year earlier.

Source: bd News24 December 14, 2020 00:56 UTC