Fashion is a collecting category that is a component of the larger Luxury Goods sector. In most cases, fashion can be considered a broad term that usually encompasses clothing, handbags and accessories, and in some cases jewelry.
The market for luxury clothing, handbags and accessories share many commonalities with the fine and decorative art markets. The main hubs for buying and selling luxury fashion include New York, London, Paris, Hong Kong, and Shanghai. The structure of the fashion market is comprised of both dealers and collectors, and auction records often establish benchmarks for pricing.
In terms of appraising fashion pieces, the most important factors appraisers look for in determining value include brand name, provenance, and condition.
Brands like Louis Vuitton, Chanel, Hermes, and Gucci are the most sought-after amongst buyers and collectors. The more iconic the brand name, the more exclusive and therefore valuable the item becomes.
Provenance can also be an important component of value. If an item was once owned by a well-known figure or celebrity, it almost always positively influences the value, as potential buyers often wish to experience the “exclusivity” of obtaining a piece once owned by an important individual.
The condition is also an important factor. As with pieces of fine and decorative art, the value of a fashion item will be affected if it is damaged or altered in some way.
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I am so happy to have found Mearto. Their team of seasoned professionals provide a wealth of knowledge in tandem with excellent customer care. They provided an expert valuation and advised me sell a painting that I purchased for just $10 at an estate sale for nearly $1,000 on eBay. I have used them on several occasions and have been extremely pleased every time.
Mearto provides exceptional service at an exceptional price!
I used the Mearto authentication service to develop a history of a family owned piece with little to no provenance, except being owned by my family for 65 years. They came back with a 20 page extensive report and included a full page bibliography for reference. The “Stylistic Observations” section of the report was most enlightening comparing my piece to the original, which was on public display in the 1940’s.
I’m very happy with the results!
Very polite and professional services that they provide, my appraisal involved looking into an oil painting by an artist whose work is over 400 years old. Not only did they write about the artist but also where he was from and where he was born and most importantly the value, I'm impressed. (worth every penny).
I will always use Mearto for future appraisals.
The authentication report we received from Mearto was very well researched and written, as well as detailed and comprehensive. From an examination of the artist's signature to a discussion of the figural representations in the work, Mearto's art specialists took the time to explain in non-technical terms their findings. Professional, responsive, and kind are just a few words to describe their communication throughout the process-- definitely money well spent!
We needed a watch appraised and I found this website via Google. Having never doing this before, I was hesitant to submit a payment before receiving any information, I'm glad I did. David was very helpful and patient addressing my questions, and explaining the process. He was very thorough and knowledgeable. Should I have another opportunity, I would not hesitate to contact Mearto again.