Clair stands for Comprehensive Luxury Appraisal Index for Resale and uses universal taxonomy and condition grades for standard pricing referencing for resellers, Rebag stated. For now, the technology can identify bags across 50 brands, the company said.
“From now on, anyone can scan and access the resale value of a handbag instantly, without any prior industry knowledge. With Clair AI, we are building on our promise of always providing total transparency and simplicity for resellers,” Charles Gorra, founder and CEO of Rebag, said in a statement. “Ultimately, we believe that accessible resale data points will redefine behaviors and move the luxury industry from a consumption mindset towards an investment one.”
The Clair AI tool is an extension of Rebag’s Clair pricing tool that launched in October 2019. The release of Clair AI follows the reseller’s New York City micro-store opening in December at The Shops at Columbus Circle.
Source: Retail Dive
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