The consignment industry never stops growing, but its core values have always remained unchanged.
Stores prioritize affordability and quality in their inventory, while ensuring transparency and respect with their customers and consignors. It is an industry built on community and accessibility, and the demand for both has never been greater.
The rapid expansion of resale luxury goods presents a tremendous opportunity for consignment stores. The United States second hand luxury goods market has seen significant growth, with its market size reaching $7.52 billion in 2023, up from $1.8 billion in 2022.
Offering high end inventory means consignment stores can attract a broader customer base, increase their revenue, and position themselves as trusted sources in this booming market. But these new opportunities come with new concerns—how do stores authenticate these items amongst their countless other responsibilities?
Ricochet has partnered with Legit Grails, the leading authenticator in luxury items.
Taking a unique and thorough approach to authentication, Legit Grails utilizes both AI and a team of diverse and experienced authenticators, guaranteeing a quick and decisive authentication process.
This integration is available for all Ricochet users, and requires no upfront cost.
Stores will simply upload the necessary photos to Legit Grail, choose the time frame that works best for them (between 30 mins and 24 hrs) then submit their request. Ricochet will then bill the card on file for the charge, and the store will receive an email with a certificate of authentication.
If your consignment store is looking to expand its inventory, or if you are already selling luxury items and looking to streamline your intake process, the Legit Grail integration is the tool for you!
CLICK HERE to learn more about how the Legit Grails integration works!
