The luxury resale market is entering a new phase of maturity, evolving from simple secondhand trading into a liquid luxury marketplace, according to a new report by Bungaejangter, a local secondhand marketplace also known as Bunjang. The company released its 2025 K-Luxury Secondhand Report on Tuesday, analyzing last year’s luxury goods transactions on the platform. The data showed a 52 percent jump in total luxury goods transactions year-over-year and 39 million newly listed items last year, signaling structural growth rather than a short-term trend. Change in consumer perception is a key driver as people increasingly see luxury goods as liquid assets that can be readily converted into cash rather than just as consumables. That shift is reflected in transaction speed. Bulgari’s B.Zero1 white gold necklace was the fastest-traded luxury item, selling about 53 seconds after its listing, while the second-fastest, a Saint Laurent shoulder bag, sold in about 70 seconds. High-value trades also soared, powered by Bunjang’s proprietary authentication solution Corelytics. The platform’s pri