Key Facts
• Gold prices hit a record high in June 2025, reaching ¥17,678 per gram.
• A 50-year-old woman in Nagoya sought to sell three gold necklaces, valued at ¥312,000.
• A man sold Hermes sneakers and a Bottega Veneta wallet for ¥90,000 after negotiation.
• A Louis Vuitton bag, initially purchased for ¥500,000, was sold for ¥270,000 after comparing offers.
• High-end watches, including a Lange & Söhne model, were appraised at up to ¥1.7 million.
• Missing boxes and guarantees can reduce watch resale value by tens of thousands of yen.
• Cashless trends have increased demand for smaller wallets, boosting their resale value.
• Nagoya’s Osu district is a competitive resale market with over 15 stores.
• Comparing offers across multiple stores is key to securing the best price.
• Hermes and Chanel bags, not sold in outlets, often fetch higher resale prices.
Summary
The resale market for gold, luxury goods, and high-end watches is undergoing significant changes due to rising gold prices and cashless payment trends. In Nagoya’s Osu district, competitive pricing among over 15 stores allows sellers to maximize their returns by comparing offers. Key examples include a Louis Vuitton bag sold for ¥270,000 and high-end watches appraised at up to ¥1.7 million. Missing packaging or guarantees can significantly impact resale values, especially for luxury watches. Smaller wallets are increasingly in demand due to cashless trends, while brands like Hermes and Chanel maintain high resale values due to their exclusivity. Sellers are advised to understand market trends and compare offers to achieve the best outcomes.
