Catch Fashion Launches 'Used Luxury Goods Purchase Service'

[Asia Economy Reporter Lim Hye-seon] Luxury platform Catch Fashion announced on the 28th that it has launched a ‘pre-owned luxury purchase service.’

With the recent spread of ethical consumption awareness, this service aims to contribute to resource circulation considering sustainability, rather than just consuming luxury goods.

Users of the service can resell unused luxury bags stored in their closets at the highest market price and receive an additional 10% of the sales amount as Catch Points. Catch Points are a mileage system that offers discount benefits when purchasing luxury goods through ‘Catch Purchase’ within the Catch Fashion application.

Catch Fashion’s luxury purchase service provides a fast and convenient customer experience through non-face-to-face appraisal. Unlike consignment sales or peer-to-peer transactions where payment is received after the used product is sold, this service allows users to receive cash immediately after the price appraisal.

To use the service, click ‘Sell My Luxury Item’ through the main banner in the Catch Fashion app. You will be redirected to a KakaoTalk chat window for sales consultation, and after a non-face-to-face product appraisal, you can confirm the final sale price. After confirming the appraisal price, send the item with cash on delivery, and the cash will be deposited immediately after the final inspection. However, only handbags, wallets and accessories, jewelry, and watches are eligible for sale.

Catch Fashion sells 3.5 million types of authentic luxury products by directly linking each channel based on official partnerships with over 40 global official distributors. Catch Fashion, ranked number one in the number of purchasable products among domestic luxury malls, compares the lowest prices every time users search for various products and allows real-time inventory checks. Equipped with an advanced meta-search function, it provides a reasonable luxury shopping experience.

For this service, Catch Fashion partnered with X Closet, which has expertise in pre-owned luxury purchase and resale services. Secondhands, the operator of X Closet, is a startup running a technology-based pre-owned luxury trading service and attracted investments last year from Kakao Ventures, Shinhan Capital, and others.

This content was produced with the assistance of AI translation services.