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eBay Opens Pop-Up Luxury Exchange

New York space accepts used premium goods as currency.




Photography: Courtesy of eBay
Photography: Courtesy of eBay

eBay (San Jose, Calif.) has opened a temporary store in New York’s Diamond District that lets shoppers exchange jewelry, handbags and watches from brands like Gucci, Rolex and Van Cleef & Arpels. Located at 22 W. 47th Street, the eBay Luxury Exchange is open to the public Nov. 16-17.

Operating during the district’s Jewelry Week, the eBay Luxury Exchange is designed to capitalize on the skyrocketing value of authenticated luxury items, the online auction house says.

Photography: Courtesy of eBay

Photography: Courtesy of eBay

Here’s how it works: shoppers bring in their jewelry, handbags, and watches appraised and exchanged for “closet currency” to purchase authenticated items from eBay’s top luxury sellers. If shoppers find an item(s) within their “currency” on the store’s shelves, they can make an exchange and walk out of the store with their new luxury goods. But if nothing in the store catches a shopper’s eye, guests can visit the on-site photo studio and opt to list on eBay themselves instead of exchanging.

“It’s never been easier for luxury enthusiasts to refine their collections in a trusted environment, and we wanted to create an IRL experience that reflects what’s happening on eBay every day,” Tirath Kamdar, GM of Luxury at eBay said in a news release. “The Luxury Exchange gives shoppers an opportunity to appraise and sell their valuable goods and add something new to their personal collections – just in time for the holiday season.”




This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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