As Luxury Handbag Market Grows, Madison Avenue Couture Remains Premier Online Handbag Retailer
Madison Avenue Couture
In this age of fast fashion and constantly changing trends, ultra luxury handbags are a mainstay in modern society that rarely conform to the quickly changing fads. There has always been a desire for new handbags, especially ones coveted by those in the know. However, the worldwide demand for luxury bags is expected to grow significantly as more women enter the workplace and increasingly want to build their handbag collections. Also increasing handbag demand is the popularity of luxury bags among men. According to Allied Market Research, the luxury handbag market is expected to reach $89.9 billion by 2026, marking a compound annual growth rate of 5.6 percent from 2019 to 2026.
A major trend within the handbag industry is the luxury resale market, which is continuously growing and showing no signs of slowing down in this circular economy. Luxury resale represents a $24 billion market, and it is growing four times faster than the primary luxury market. These luxury handbag resale companies are competing for the best, most authentic inventory, and Madison Avenue Couture has been at the forefront of this movement for more than a decade.
President and CEO Judy Taylor founded Madison Avenue Couture in 2010 and she and her team have been carefully curating a collection of the most coveted handbags in the world since then. By constantly modifying its website to be UX-friendly and utilizing the latest social media platform to tell its story, Madison Avenue Couture has become the premier direct to consumer destination for authenticated rare and collectible ultraluxury handbags.
While Madison Avenue Couture is not directly affiliated with any of the brands that are carried, the brand has the largest selection of new, collectible Hermès Birkin and Kelly bags online, including a variety of rare and exotic pieces.
The website is easy to use, making the buying process for a bag costs tens of thousands of dollars as easy as buying shampoo. Select the bag, place in your cart, and check out with your credit card. (Bank wire is required for purchases of $50,000 and more unless other arrangements have been made). The bag ships the same or next day. Every bag offered has been inspected by the Madison Avenue Couture team to ensure it is authentic and its condition and the photos on the website are of the actual bag for sale. Taylor and the entire team are focused on quality rather than quantity, rejecting more bags than they accept.
In addition to its digital platform, Madison Avenue Couture has a New York City-based showroom that offers clients a unique buying experience in which the team provides a one-on-one, personalized shopping affair. Clients who visit the showroom are able to view Birkins and Kellys of interest in varying sizes, colors and textures, giving them more access than available when visiting an actual Hermès boutique.