The 'Resale Calculator' created by the Vestiaire Collective calculates the average resale price for luxury brands.
The Vestiaire Collective is an European luxury resale site that has just launched an easy-to-use tool to find the resale value of an item. The Resale Calculator is limited to 12 luxury brands, including Chanel, Louis Vuitton, Hermes, Louboutin and Prada. After selecting a brand, and entering in the criteria, it will give a range for how much the resale value could be for the item.
The range projected by the calculator is taken from the data Vestiaire has from its years in business and over 5 million members. The calculator was created after Vestiaire realized many of its users were spending considerable time attempting to calculate the resale value, so they streamlined the resale process by creating an easy-to-use calculator right on the resale site.