Origins of Consignment
Consignment stores originated from early resale practices in 19th-century Europe and America, where second-hand goods were sold at market stalls and charitable bazaars. Religious and philanthropic organisations established thrift shops to raise funds, creating the foundation for modern resale. By the early 20th century, specialised antique consignment stores had developed for both clothing and furniture.
Luxury-Focused Consignment Stores
The mid-20th century brought evolution toward more selective, luxury-focused outlets. Entrepreneurs recognised the growing demand for authenticated, lightly used designer pieces and established the first high-end consignment stores. These boutiques provided curated shopping experiences while assuring consignors their items would reach appropriate buyers at fair prices.
Online Consignment Platforms
Online consignment stores further transformed the industry by offering global reach and unprecedented convenience. Platforms specialising in pre-owned luxury accessories eliminated the need for physical visits, allowing buyers to browse thousands of authenticated listings worldwide. Online and traditional consignment coexist, each offering convenience and play key roles in the luxury resale market.