Bain & Company estimate that the second-hand luxury market reached €33 billion in 2021, a 65% growth on 2017 levels and exceeding the 12% ? 2019 €39K+ Average spend 12,000+ •2,000 in China •2,000 in US Bain reports that online share of sales in the luxury market nearly doubIed in 2020, rising from 12% in 2019 to 23% in 2020. VIRTUALIZATION OF LUXURY A BOOMING TREND, DRIVING NEW POTENTIAL REVENUES STREAMS Virtualization of luxury is an increasingly defined reality that can pose great opportunity of additional revenues stream for the brands. a partner at Bain & Company and co-author of the report . Chow Tai Fook Jan./Feb. Later on in 2021 that dip turned into a V-shaped recovery, with the value in 2021 being slightly bigger than before the pandemic. China and world GDP growth forecasts are based on base case, a combination forecast with most recent data, global institut e reports and BCG analysis. Last year, as international luxury brands were faced by . The coronavirus pandemic changed it all in a few short months. Luxury brands spent decades turning design, aspiration, and high-quality goods into a $380 billion global behemoth. forecasted to close 2021 at par with 2019 values in the "worst-case" scenario, and to be 10% above in the "best-case" one. The Sun Is Setting on Traditional Banking. Consumer: Luxury Market - Research Guides at New York University PDF True-Luxury Global Consumer Insights - BCG The authors extend their gratitude to all those who contributed to it, especially to the global Bain team, including Viktor Subbotin, Egor Fetisov, Arina Lapina, Anton Matalygin, Julia Gavrilova, Masha Shiroyan, and Bain's Mining and Luxury Goods practices. Comparing March 2022 to March 2021, there was an overall 8.17% decrease in luxury single-family inventory despite a 15.20% increase in new listings. $200K $400K $600K $800K $1.0M $1.2M So $543K $1.1M $467K $475K $660K Lkwd $455K Puyallup China Luxury Index | Jing Daily 3 Bain-Altagamma 2019 . The season witnessed the participation of companies from E-Commerce, Consulting, Manufacturing, Logistics, Luxury Goods, The Future of Luxury: 7 Trends To Stay Ahead in 2022 - Luxe Digital

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