bad deal absolutely not she says i do have a wardrobe that overflows and i would love to monetise it to buy new stuff she adds then there are those whose attitude to luxury goods is not too different from their mobile handset its got to go sooner than later and make way for a new one take for instance amrita valeja a 28yearold media professional in mumbai valeja bought a gucci bag for rs 1 lakh used it for a year and then sold it online for rs 30000 selling off the stuff that im done with rather that piling it up is a smarter move upgrading my wardrobe with topnotch products makes sense she says demand and supply of preowned luxury products is not confined to the metros tier ii and iii cities and towns are also joining the party we are seeing a good demand from cities such as pune and chandigarh says bhargav errangi cofounder of preowned online luxury firm spoyl which started up last november there is also interest from udupi mangalore hampi and udaipur for errangi the biggest challenge is not to convince people about the preowned luxury concept but to meet the rapidly growing demand its not just the quantity but also the quality of the supply he says adding that he is working hard to augment the demand with enough supply while the startups might be busy expanding the market for preowned luxury items their biggest challenge is convincing people about the authenticity of the products sold consumers need to be vary as there is no way one could authenticate the product says varsha ahuja india brand manager of luxury brand judith leiber luxury is all about touch and feel she adds we dont believe an indian luxury connoisseur would plan to buy highend products online she maintains gupta of luxury connect business school also explains that the chances of getting into a counterfeit product purchase could be the highest risk in this business the startups will have to be highly responsible to ensure that they source goods from users who have an authentic purchase history available in most cases the buyers who sell may or may not have their old records available this is where the risk may arise he maintains trending in style globally luxury reselling is big business and a relatively evolved business the realreal for instance holds internal find the fake contests with authenticators getting rewarded for spotting giveaway signs on counterfeits another way of building customer confidence is via service in japan one of the worlds biggest luxury markets the realreal offers a white glove service potential sellers can make an appointment via their smartphones and associates of the startup go through their wardrobes and select items that are shipped to the the realreal warehouse for free in the us it sends drivers to consumers homes to pick up items indias luxury resellers may lack the resources to provide such services most of