EBay launches new consignment service aimed at luxury sector
Justin Sullivan
California-based eBay (NASDAQ:EBAY) introduced a new consignment service on Tuesday that it said will give users direct access to expert sellers who will list and sell their luxury items on their behalf.
The new consignment service was launched initially for designer handbags, but will be expanded next year to include additional luxury categories such as jewelry and watches.
The company noted that its top priority is to respond to the ever-evolving needs of customers. "Launching a consignment service builds on the momentum of offerings like Authenticity Guarantee and Certified By Brand, giving our customers more trusted ways to buy and sell on the marketplace," stated eBay (EBAY) executive Tirath Kamdar.
The service will allow consumers to use eBay (EBAY) consignment to sell new and pre-owned handbags from top brands like Chanel, HermÃ¨s, Louis Vuitton, Prada and Saint Laurent. eBay's (EBAY) consignment play comes on the heels of several recent fashion category announcements, including the expansion of the marketplace's Authenticity Guarantee service to new and pre-owned streetwear from trusted brands like Kith, Off-White, Palace, and Supreme; the acquisition of Certilogo - an AI-powered authentication provider; and the launch of Certified by Brand, which enables brands and authorized retailers to scale their presence in the secondary market. 

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