Telling a story of style, trends, money and all their entanglements, Fashionphile’s 2022 Ultra-Luxury Resale Report points out the five major trends that are expected to dominate the fashion industry by 2023.
This year’s retrospective report, courtesy of one of luxury resale’s biggest players, is proof of the hottest trends and why – which Fashionphile says can impact investment decisions. consumers in a turbulent economy.
“Inflation continues to be a major concern, and as retail prices reach historic highs, resale prices are rising in sync,” the report said, citing last year’s figures. inflation rates highest since 1980s. “Not only is it a good time to sell off any investments you may have in your closet, resale is a lucrative place to stash your cash in ultra-luxury investments.”
For 2023, these are the five trends that will rule us all.
1. The wave of collaboration continues
Collaborations keep surprising us, leaving us to revel in an often unexpected rapprochement, like Crocs teaming up with Balenciaga to create an uncomfortable hybrid shoe, or Supreme teaming up with Tiffany & Co. to mix streetwear and timeless jewelry.
Naturally, the latest collaborations remain in high demand, according to Fashionphile. Whether it’s Gucci x Balenciaga or Fendi x Versace, the luxury resale company has seen a 193% increase in searches for pieces from collaborations across the board.
Collaborations are not new in fashion, but they are riding a new wave that continues, thanks to a major resurrection of Virgil Abloh. By partnering with brands like Rimowa and Nike, the late genius ushered in a new era of fashion, not only through his designs, but also through his open attitude to collaboration.
2. Y2K is always here to stay
Fashionphile’s report only confirms what we’ve seen on the latest runways this season, from Blumarine to Versace. The millennials among us experience daily deja vu as fashion continues to embrace the aesthetics of the 2000s.
Y2K fashion keeps its seat on the throne, according to Fashionphile. Flip flops come out of low rise pants. Bikini tops are worn with cargo bottoms. And beyond fashion, Y2K accessories are having their own dazzling resurgence.
Think colorful Louis Vuitton Takashi Murakami bags and croissant bags, or remember an episode “Sex and the City” with a Fendi Baguette which, according to Fashionphile, saw a 101% increase in search demand. The Christian Dior messenger bag, meanwhile, saw its searches increase by 97%. Prada’s reissue shoulder bag saw the biggest increase in search demand, with a 110% increase in 2022 compared to 2021.
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“Prada’s shimmering interpretations of their iconic 2000s nylon bags, which arguably sparked the rhinestone craze, inspired more ultra-luxury brands to revisit must-haves of the past and step into the showy fashion scene. the year 2000,” the report said.
3. New bags are coming into vogue for 2023
Fashionphile predicts the hottest bags for 2023, which are a mix of totes, hobos and cross-body bags – and go beyond the Prada, Fendi and Dior bags that have gone sizzling over the past year.
If you want to be fashionable, keep an eye out for the Chanel Quilted 22, Fendi Fendigraphy hobo, Prada Symbol tote, Bottega Veneta Jodie hobo, Louis Vuitton multicolor Speedy, Balenciaga Le Cagole shoulder bag and Saint tote. Laurent Icarus Maxi Shopping.
For those keen to break out of the trend cycle, Hermès and Chanel will remain highly sought after investment pieces. Fashionphile sold 113% more Hermès and 70% more Chanel in 2022 than the previous year.
Hermès retains its astonishing investment value, according to the report, with the average sale price of a Birkin having increased by 64% since 2019.
4. Pearls get a makeover
It’s not the pearls seen strung along flapper dresses, nor in the form of the little necklaces that were popular in the 1950s. Today’s pearl revival prides itself on mixing their opulence with other gemstones and metals, such as beads with a metal chain or embedded in an onyx ring.
According to the luxury resale company, sales of pearl earrings alone have jumped 255% since 2020.
“As a historically suffocating accessory, pearls are just beginning to trickle down to the mass market, gaining popularity across all genres – thanks in part to influencers, like Harry Styles, using the accessorizing of the fashion to break down the walls of gender stereotypes,” the report said.
5. The Dopamine Band-Aid Reached Climax
Matched with the bright tangerines we saw in New York or Fendi’s electric lime green in Milan, the “dopamine dressing” lives on. In a post-pandemic world, wearing bright, sunny colors remains a popular tactic for seeking pleasure through fashion.
Neutral palettes and capsule wardrobes may have been popular before. Now color is trending everywhere you can wear it – and not just in clothes. Fashionphile discovered that the trend has taken hold in accessories, where purple is most sought after for handbags, blue for watches and rose gold for jewelry.
Invented by fashion psychologist Dr. Dawnn Karen in her book “Dress Your Best Life”, the dopamine dressing consists of using your clothes to improve your mood. Where a sweet treat can bring you a bright smile, beautifully colored clothes can also bring you a good feeling or “happy hormones.”