By IFAB MEDIA - NEWS BUREAU - May 4, 2023 | 19 6 minutes read
eBay announces the launch of its new Certified by Brand program, partnering directly with brands to scale their presence in the secondary market, while providing shoppers access to a wider selection of coveted and collectible luxury goods. Through this program, new, certified pre-owned, limited-edition or exclusive 'only on eBay' inventory from top brands like Konstantin Chaykin, Zodiac Watches and Le Vian will be available, complementing eBay's Authenticity Guarantee to deliver a more trusted, confident marketplace.
Certified by Brand invites designers and brands to scale their resale efforts and provides shoppers with access to an expanded selection of authentic luxury watches, handbags, and jewelry.
The secondary market for premium and luxury goods grew significantly in 20221, propelled by consumer enthusiasm for collecting and passion investments. Luxury brands are being edged further into the resale space and many have fortified a presence by seeking partners to help compete in the secondary market. eBay's Certified by Brand program provides brands and brand-authorized sellers access to both the platform's 133 million active buyers, and consumer insights from eBay's global network of buyers.
"Certified inventory in the resale market is an undeniable opportunity for brands and authorized retailers, and eBay is the ideal partner for those looking to scale," said Tirath Kamdar, Global GM of Luxury at eBay. "eBay's Certified by Brand program broadens access to both buyers and brands to shop and sell luxury goods with confidence and certainty."
Certified by Brand will include watches, handbags, and fine jewelry from a growing roster of luxury's foremost brands. Listings within the program will include either "Direct from Brand" or "Brand Authorized Seller" badging and information on Certified by Brand within each item listing, making it easy for buyers to identify listings in the program, similar to how eBay's Authenticity Guarantee check mark distinguishes inventory.
"As a long-time customer of eBay, I have always valued discovering remarkable pieces among the platform's breadth of inventory", said Vianney Halter. "I am pleased to be partnering with eBay to bring a selection of extraordinary watches to their customer base."
With nearly 28 years of expertise fostering its global online marketplace, eBay continues to drive trust in its unmatched selection of luxury goods on a global scale. Programs like Authenticity Guarantee – which currently includes sneakers, handbags, watches, jewelry, and trading cards – have had significant impact since the service was first introduced, and luxury focus categories have had roughly double-digit annualized growth since Q4 2019. Certified by Brand signals eBay's continued dedication to bolster confidence in its shopping experience for high-passion and high value-products for brands, retailers and buyers alike.
Bringing a wider selection of trusted inventory to a larger audience
Certified by Brand partners will gain access to consumer insights from eBay's global network of buyers and will be able to influence pricing of their brand inventory within the secondary market. Brands and brand-authorized sellers will also be able to control their brand equity and image with access to various eBay platform channels to amplify their own messaging to help drive growth and move inventory.
Buyers will now have multiple ways to shop authentic luxury goods on eBay.com, with listings identifiable via differentiated badging:
Direct From Brand: Listing is either new or pre-owned inventory and either comes directly from the brand's manufacturer or has been previously authenticated by the brand.
Brand-Authorized Seller: Listing is either new or pre-owned inventory from a seller who has been authorized by, and supplied inventory from, the brand.
Participating Brands: ADPT (All Day, Purpose, Terrain), Alberto Milani, ALOR, Badgley Mischka, Diana M., Ernst Benz, I.Reiss, Judith Ripka, Konstantin Chaykin, Le Vian, Lika Behar Collection, Perrelet, RPaige, Roman+Jules, Vianney Halter and Zodiac Watches.
Certified by Brand is currently available for brands and buyers located in the US. Brands and authorized sellers will continue rolling out in the next few weeks and more are slated to join the Certified by Brand program over the next year, with plans for expansion to other markets.