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
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.”
Ready to Relocate? Wilkerson Makes Your Move Seamless
When Brockhaus Jewelry decided to leave their longtime West Main Street storefront for a standalone building elsewhere in Norman, Oklahoma, owners John Brockhaus and Brad Shipman faced a familiar challenge: how to efficiently reduce inventory before the big move. Their solution? Partnering with liquidation specialists Wilkerson for a second time.
"We'd already experienced Wilkerson's professionalism during a previous sale," Shipman recalls. "But their approach to our relocation event truly impressed us. They strategically prioritized our existing pieces while tactfully introducing complementary merchandise as inventory levels decreased." The carefully orchestrated sale didn't just meet targets—it shattered them.
Asked if they'd endorse Wilkerson to industry colleagues planning similar transitions—whether relocating, retiring, or refreshing their space—both partners were emphatic in their approval. "The entire process was remarkably straightforward," Shipman notes. "Wilkerson delivered a well-structured program, paired us with a knowledgeable advisor, and managed every detail flawlessly from concept to completion."
