Rebag has launched a new AI-powered image recognition technology which can instantly determine the resale value of luxury handbags.
‘Clair AI’ has been launched as an extension of the luxury handbag marketplace’s original Clair software, launched in 2019, which allowed users to receive an instant valuation on their products by manually entering its exact model and condition.
Its new tool simplifies the process dramatically, enabling customers to simply take an image of their bag using their smartphone cameras and upload it via Rebag’s app.
Clair AI will then use machine learning to reference millions of images it has stockpiled since launching in 2014, determining which product it is within seconds with a 91 per cent accuracy.
It is currently capable of recognising the brand, model and style of 15,000 bags from over 50 brands in person as well as virtually.
This means that customers can determine the resale value of bags at home, instore and even online before buying.
“Clair AI will transform the luxury resale industry forever,” Rebag’s founder and chief executive Charles Gorra 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. Ultimately, we believe that accessible resale data points will redefine behaviors and move the luxury industry from a consumption mindset towards an investment one. No one should purchase a luxury product ever again without checking its resale value on Rebag first.”