As the marketplace’s luxury categories continue to gain momentum with recent quarter over quarter growth, eBay announces the expansion of its Authenticity Guarantee service to include handbags.
eBay-authentication-luxury-handbags. Starting this week, new and pre-owned handbags sold for more than $500 from 16 prominent luxury brands, including Saint Laurent, Gucci, Celine, Balenciaga, among others, will be professionally authenticated. The announcement builds on eBay’s authentication program, which initially launched with luxury watches $2,000+ and was fast followed by sneakers $100+ in late 2020.
All eligible handbags sold for more than $500 in the U.S. will be vetted and verified by eBay’s team of professionally trained authenticators, using detailed physical inspection and advanced technical equipment in a state-of-the-art facility.
“Authenticity Guarantee has changed the way people buy and sell luxury items on eBay,” said Charis Márquez, VP of Fashion at eBay. “There’s a handbag bought every 12 seconds on our marketplace, and now we’re expanding authentication to deliver an additional layer of trust and confidence for these shoppers and sellers.”
All eligible handbags bought and sold in the U.S. will be vetted and verified by eBay’s team of professionally trained authenticators, using detailed physical inspection and advanced technical equipment in a state-of-the-art facility. Shoppers can visit eBay.com/authentichandbags to browse and buy from a selection of tens of thousands of new and pre-owned handbags from in-demand designers – all marked with a badge of Authenticity Guarantee.
Since launching authentication for luxury watches and sneakers $100+, the company has seen significant growth: eBay’s sneakers business has grown at a triple digit rate YoY for several quarters, while its watches business accelerated from 16% to 38% in Q1. Focusing on these core verticals has, in turn, lifted sales in other categories as well.
“Demand for luxury items on eBay is soaring – an iconic Hermes Birkin bag was recently sold for $98,000 and our watches business doubled last quarter, ” said Tirath Kamdar, GM of Luxury, eBay. “People come to the marketplace knowing that they’ll find the designers and items that they’re coveting. And now, eBay is delivering a more seamless and accessible experience that lets shoppers buy and sellers sell luxury handbags with total confidence.”